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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
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Friday, May 09, 2008
Kilauea Erupts as Tradewinds Clear Hawaiian Skies
Comtex
VOLCANO, Hawaii, May 9, 2008 /PRNewswire via COMTEX News Network/ ----Pele, Hawaii's volcano goddess, must be in a fantastic mood. Her favorite flower, the bright red ohia lehua, is in vivid bloom in native forests across the island, and she continues to put on a spectacular show in two locations: at the summit of Kilauea volcano at Halemaumau Crater, and in Kalapana, where the lava reaches the sea.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080509/LAF519)
Polly Kinsinger, a visitor from Redondo Beach, California, made a special trip to the Big Island to take in the spectacle late last week, and is still energized about her experience.
"It's incredible. We went to Hawaii Volcanoes National Park on a crystal-clear morning, and watched the new vent at Halemaumau gush what looks like boiling steam out of a huge pit in the side of the crater. Then after dark, we walked out to the Kalapana lava viewing area, and watched the molten lava turn the steam clouds red and pink as it entered the ocean," she said. "Just spectacular!"
But that wasn't enough.
"After spending an hour or so at Kalapana, my friends and I drove back up to the Park. We had to see what Halemaumau looked like after dark. We pulled up to Jaggar Museum, got out of the car, and were stunned into silence. The vent glowed like the world's biggest cauldron. It felt like Pele was right there with us. It was magic," said Kinsinger.
Cindy Orlando, Superintendent of Hawaii Volcanoes National Park, confirms that Halemaumau Crater -- the home of Pele, according to Hawaiian legend -- is a sight to behold, and that it's safe to visit the Island of Hawai'i and Hawaii Volcanoes National Park, despite recent negative press about elevated levels of vog (volcanic haze) and sulfur dioxide (SO2) caused by the increased activity at Kilauea volcano.
The SO2 levels near the plume aren't dangerous to anyone upwind, but exposure to high levels can be a concern, especially to anyone with respiratory conditions. As long as Hawaii's customary tradewinds are blowing, Park visitors are safe. A delegation of scientists, local and federal officials are monitoring the situation, and keeping the public well informed
But what about the Kona and Kohala coasts? Though the air may sometimes look hazy in West Hawaii, there is very little SO2 left in it by then. At press time, the weather was sunny, clear and mild at the Kohala Coast resorts, with Maui visible across the channel.
The Big Island Visitors Bureau recently launched a new user-friendly volcano eruption update page on its http://www.bigisland.org website, http://www.bigisland.org/volcanoupdate, where air quality and Kilauea emissions information can be downloaded.
For the latest eruption updates and Hawaii volcanoes information, visit the U.S. Geological Survey Hawaiian Volcano Observatory site, http://hvo.wr.usgs.gov
For additional eruption updates, call Hawaii Volcanoes National Park at (808) 985-6000 or visit http://www.nps.gov/havo/planyourvisit/lava2.htm.
For additional information on conditions at the Kalapana lava view area, call the Hawaii County Civil Defense lava hotline at (808) 961-8093, or visit http://www.lavainfo.us
SOURCE The Big Island Visitors Bureau
http://www.bigisland.org
Copyright (C) 2008 PR Newswire. All rights reserved
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