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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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Tuesday, July 22, 2008
Los Angeles Mayor to Speak at Human Rights Campaign Gala Dinner in San Francisco
Comtex
SAN FRANCISCO, July 22, 2008 /PRNewswire-USNewswire via COMTEX/ ----The Human Rights Campaign, the nation's largest gay, lesbian, bisexual and transgender civil rights organization, today announced that Los Angeles Mayor Antonio Villaraigosa will deliver the keynote political address at the organization's gala dinner on Saturday, July 26th.
Villaraigosa is a staunch advocate of GLBT equality who publicly supported the legalization of marriages for gay and lesbian couples in California and who last month issued an executive directive barring employment discrimination based on sexual orientation and gender identity.
"I am thrilled and honored that Mayor Antonio Villaraigosa will join us for our annual gala dinner in San Francisco, particularly during this historic fight to preserve marriage equality in California," said HRC President Joe Solmonese. "Mayor Villaraigosa has consistently shown that he understands, as we do, that GLBT rights are civil rights and human rights. We are grateful to have him as an ally as HRC continues its efforts to ensure that gay and lesbian couples are treated equally under California law."
When ordering tickets, all dinner guests will be given the option to designate up to 100 percent of the fee to the HRC California Marriage PAC. The PAC was established to fight against the anti-marriage ballot initiative. Proceeds from the dinner are part of the recent $500,000 pledge by HRC. In the past year, HRC also provided six full-time staff members and $100,000 to Equality for All, a large and diverse coalition of civil rights, faith, choice, labor and communities of color organizations working to stop and defeat any ballot measure that would deny gay and lesbian couples the right to marry in California.
The theme of this year's dinner is "Race for Equality," and it will be held at the Westin St. Francis Hotel on Saturday, July 26th. To purchase tickets to the San Francisco Dinner, please visit http://sfbayarea.hrc.org/dinner or call Box Office Tickets at: 800-494-TIXS (8497). To donate to the HRC California Marriage PAC, visit http://www.hrc.org/california.
The Human Rights Campaign is America's largest civil rights organization working to achieve gay, lesbian, bisexual and transgender equality. By inspiring and engaging all Americans, HRC strives to end discrimination against GLBT citizens and realize a nation that achieves fundamental fairness and equality for all.
SOURCE Human Rights Campaign
http://www.hrc.org/california
Copyright (C) 2008 PR Newswire. All rights reserved
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