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arvitar

04/12/11 11:32 AM

#11834 RE: Irons3 #11833

Baloney?

Are you saying that PNTV is lying when they write in their 10K that:

"We do not now have funds sufficient to fund our operations at their current level for the next 12 months"



and

"The Company was incorporated under the laws of the State of Nevada on March 16, 1993. Since inception, we have experienced operating losses on an on-going basis."


Have you reported this to the SEC?
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arvitar

04/12/11 11:37 AM

#11838 RE: Irons3 #11833

Boilerplate?

Are you saying that it's standard "boilerplate" language in 10Ks for publicly trading companies to write:

"We do not now have funds sufficient to fund our operations at their current level for the next 12 months"


and

"The Company was incorporated under the laws of the State of Nevada on March 16, 1993. Since inception, we have experienced operating losses on an on-going basis."



I've noticed that many companies do not include this "boilerplate" language in their 10K's. Do you know why?