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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, July 25, 2008
The Lustgarten Foundation for Pancreatic Cancer Research Mourns Loss of Dr. Randy Pausch
Comtex
BETHPAGE, N.Y., July 25, 2008 /PRNewswire via COMTEX/ ----The Lustgarten Foundation for Pancreatic Cancer Research today made the following statement in response to the unfortunate passing of Dr. Randy Pausch, a man whose efforts to advance the fight against pancreatic cancer greatly impacted the nation.
Statement from Lustgarten Foundation President Robert F. Vizza, Ph.D. and Executive Director Kerri Kaplan:
"It is with profound sadness that the Board and staff of The Lustgarten Foundation for Pancreatic Cancer Research mourn the loss of Dr. Randy Pausch, the Carnegie-Mellon computer sciences professor who became a household name for his now famous "Last Lecture." With his fearless examination of life and death, Randy has been and will continue to be an inspiration to millions. Randy understood well that scientific research is our best hope for finding a cure, and his tireless efforts to advance the state of the science for this disease are deeply appreciated. Never before has there been as outspoken and effective an advocate for this disease. It has been an honor and a privilege to know Randy Pausch. He will be missed."
About The Lustgarten Foundation for Pancreatic Cancer Research
Founded in 1998 by Cablevision executive Marc Lustgarten, with Cablevision chairman Charles Dolan and CEO James Dolan, The Lustgarten Foundation is the nation's largest private, non-profit supporter of pancreatic cancer research, providing more than $20 million to date. The Foundation provides patient information and manages a national public awareness campaign. To learn more and to see Dr. Pausch's PSA, visit www.lustgarten.org.
SOURCE The Lustgarten Foundation for Pancreatic Cancer Research
http://www.lustgarten.org
Copyright (C) 2008 PR Newswire. All rights reserved
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