Financial Content Inc (fka FCON)

[devpolarbear]

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company has experienced recurring operating losses and negative cash flows from operations, and the Company sold its revenue generating operations effective as of June 30, 2008. The Company’s continued existence is dependent upon its ability to locate a suitable merger candidate with sufficient operating income to finance the Company’s operations and/or with the ability to raise money through equity and debt financing.

Management did not raise additional capital during the year; however, management is currently in the process of searching for a suitable merger candidate. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6432488
Under # 9