Replies to post #59206 on In Ovations Holdings Inc. (INOH)

[VeronicaFox]

Thanks so much, Hopscotch - that's great info.

Why does INOH bother to attach the forward looking disclaimer to their PRs? Goldberg filed a form 15 to terminate their SEC registration over 6 years ago.

A FORWARD LOOKING STATEMENT ISN'T A SAFE HARBOR FOR PENNY STOCKS LIKE INOH.

Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks like INOH.

INOH will not have the protection of the Forward Looking Statement Safe Harbor in the event of any legal action based upon a claim that the information provided by INOH contained a material misstatement of fact or was misleading in any material respect because of thw failure to include any statements necessary to make the statements not misleading.

[DJ Ponder]

The troublesome false press releases contain revenue statements that were known to be false at the time they were drafted. The way he worded them they were not just foward looking, but were based on already existing revenues that never existed to begin with. Goldberg ran with them regardless.