<html> <head><style type ="text/css">body { font-family: "Bloomberg Prop Unicode I", Verdana, sans-serif; font-size:125%; letter-spacing: -0.3pt; color: #FF9F0F; background-color: #000000; text-align: left; } p {line-height: 1.25em; max-width:900px; width:expression(document.body.clientWidth > 900? "900px": "auto" );} h1, h2, h3 { text-align: left; font-weight: normal; color: #FFFFFF; } h1 { font-size: 130%; } h2 { font-size: 115%; } h3 { font-size: 100%; } #bb-style { font-size: 90%; max-width:900px; width:expression(document.body.clientWidth > 900? "900px": "auto" ); } b, strong { font-weight: bold; } i, em { color: #FEC54A; } pre { font-family: "Andale Mono", "Monaco", "Lucida Console"; letter-spacing: -0.3pt; line-height: 1.25em; } table { border: 0; font-size: 90%; width: 100%; margin-left: auto; margin-right: auto; } td, tr { text-align: left; } td.numeric { text-align: right; } a:link { color:#53B2F5; text-decoration: none; } a:visited {color:#53B2F5} a:active {color:#53B2F5} a:hover {color:#53B2F5} </style> </head> <body> <p>By Jonathan Weil</p> <p>Some corporate disclosures are so delightful it's best to just let them speak for themselves.</p> <p>This week a Henderson, Nevada-based company called Psychic Friends Network Inc. released a copy of its latest <a href="http://sec.gov/Archives/edgar/data/1421981/000116552712001095/ex99-1.htm">investor presentation</a> as part of <a href="http://sec.gov/Archives/edgar/data/1421981/000116552712001095/g6345.htm">a filing </a>with the Securities and Exchange Commission. You might recognize the name. Psychic Friends Network, which <a href="http://www.slate.com/articles/arts/the_motley_fool/1998/02/what_psychic_friends_failed_to_foresee.html">used to</a> advertise heavily using television infomercials starring singer <a href="http://www.dionnewarwick.info/">Dionne Warwick</a>, went bust in 1998 when its parent company at the time filed for bankruptcy. Now it's back.</p> <p>It's publicly traded on the over-the-counter bulletin board, although it had no revenue for the fiscal year ended Sept. 30. <a href="http://www.psychicfriendsnetwork.com/">Psychic Friends</a> is promising to "leverage an iconic brand name using new technologies and social media to re-establish PFN as the industry leader for daily horoscopes and psychic advice." And the company is forecasting $64 million of net income for fiscal 2015.</p> <p>Then again, the first page of the presentation includes some important cautionary language. "Undue reliance should not be placed on the forward-looking statements," it says, "because PFN can give no assurance that they will prove to be correct."</p> <p>No additional commentary necessary.</p> <p>(<a href="http://topics.bloomberg.com/jonathan-weil/">Jonathan Weil</a> is a Bloomberg View columnist. <a title="Open Web Site" rel="external" href="https://twitter.com/JonathanWeil">Follow</a> him on Twitter.)</p> <p>Read more breaking commentary from Bloomberg View at <a title="Open Web Site" rel="external" href="http://www.bloomberg.com/view/the-ticker/">the Ticker</a>.</p> </body> </html>