rdncoic
08-15-2009, 08:54 AM
By: rdncoic2
15 Aug 2009 11:49 AM EDT
(Msg. is a reply to 2332 by rdncoic2.)
Read the infomation below and make your own judgement. I have made my judgement, and that is to buy more shares....I want 3,000,000 shares, but I want them at my price, between 0 cents and .029 cents U.S. a share. I am doing ok as of today. Of course when you sheeples let obama take over your lives, everyone will lose, even myself!!!! The united state of obamanation, ugh!!
Scores Holding Company, Inc. and Subsidiaries (“SCRH”) has incurred losses totaling $(6,108,937) through June 30, 2009 and has a working capital deficit of $(217,814) at June 30, 2009. Because of these conditions, SCRH will require additional working capital to develop business operations. SCRH intends to raise additional working capital through the continued licensing of the brand with its current and new operators and to take on operations in larger cities with greater demand for our product through acquisitions. There are no assurances that SCRH will be able to achieve the level of revenues adequate to generate sufficient cash flow from operations to support SCRHs’ working capital requirements. To the extent that funds generated from any future use of licensing, are insufficient, SCRH will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to SCRH. If adequate working capital is not available SCRH may not increase its operations.
We will continue to evaluate possible acquisitions of or investments in businesses, products and technologies that are complimentary to ours. These may require the use of cash, which would require us to seek financing. We may sell equity or debt securities or seek credit facilities to fund acquisition-related or other business costs. Sales of equity or convertible debt securities would result in additional dilution to our stockholders. We may also need to raise additional funds in order to support more rapid expansion, develop new or enhanced services or products, respond to competitive pressures, or take advantage of unanticipated opportunities. Our future liquidity and capital requirements will depend upon numerous factors, including the success of our adult entertainment trademark licensing business.
During the analysis of our internal controls at June 30, 2009, we identified a number of controls, the adoption of which are material to our internal control environment and critical to providing reasonable assurance that any potential errors could be detected. Our analysis identified control deficiencies related to our recording of inventory, accounts payable, notes payable/debentures, prepaid expenses and unique or one time or first time transactions. While we have taken certain remedial steps during the six months ended June 30, 2009 to correct these control deficiencies, we do not have a sufficient number of personnel with the requisite expertise in generally accepted accounting principles to ensure the proper application of the appropriate controls. Due to the nature of these material weaknesses, there is more than a remote likelihood that misstatements which could be material to our financial statements could occur that would not be prevented or detected.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
15 Aug 2009 11:49 AM EDT
(Msg. is a reply to 2332 by rdncoic2.)
Read the infomation below and make your own judgement. I have made my judgement, and that is to buy more shares....I want 3,000,000 shares, but I want them at my price, between 0 cents and .029 cents U.S. a share. I am doing ok as of today. Of course when you sheeples let obama take over your lives, everyone will lose, even myself!!!! The united state of obamanation, ugh!!
Scores Holding Company, Inc. and Subsidiaries (“SCRH”) has incurred losses totaling $(6,108,937) through June 30, 2009 and has a working capital deficit of $(217,814) at June 30, 2009. Because of these conditions, SCRH will require additional working capital to develop business operations. SCRH intends to raise additional working capital through the continued licensing of the brand with its current and new operators and to take on operations in larger cities with greater demand for our product through acquisitions. There are no assurances that SCRH will be able to achieve the level of revenues adequate to generate sufficient cash flow from operations to support SCRHs’ working capital requirements. To the extent that funds generated from any future use of licensing, are insufficient, SCRH will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to SCRH. If adequate working capital is not available SCRH may not increase its operations.
We will continue to evaluate possible acquisitions of or investments in businesses, products and technologies that are complimentary to ours. These may require the use of cash, which would require us to seek financing. We may sell equity or debt securities or seek credit facilities to fund acquisition-related or other business costs. Sales of equity or convertible debt securities would result in additional dilution to our stockholders. We may also need to raise additional funds in order to support more rapid expansion, develop new or enhanced services or products, respond to competitive pressures, or take advantage of unanticipated opportunities. Our future liquidity and capital requirements will depend upon numerous factors, including the success of our adult entertainment trademark licensing business.
During the analysis of our internal controls at June 30, 2009, we identified a number of controls, the adoption of which are material to our internal control environment and critical to providing reasonable assurance that any potential errors could be detected. Our analysis identified control deficiencies related to our recording of inventory, accounts payable, notes payable/debentures, prepaid expenses and unique or one time or first time transactions. While we have taken certain remedial steps during the six months ended June 30, 2009 to correct these control deficiencies, we do not have a sufficient number of personnel with the requisite expertise in generally accepted accounting principles to ensure the proper application of the appropriate controls. Due to the nature of these material weaknesses, there is more than a remote likelihood that misstatements which could be material to our financial statements could occur that would not be prevented or detected.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)