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Psychic Business Can't Predict Its Future

There appears to be some psychic doubt at the Psychic Friends Network.

According to an article in Bloomberg business news, in the fall of 2012, the Nevada-based company Psychic Friends Network Inc. released a copy of its latest investor presentation as part of a filing with the Securities and Exchange Commission. Psychic Friends Network went bust in 1998 when its parent company at the time filed for bankruptcy. But now it's back, and it's "bigger, bolder, and better than ever."

Psychic Friends Network is publicly traded on the over-the-counter bulletin board, although it had no revenue for the fiscal year ended September 30th. Psychic Friends is promising to "leverage an iconic brand name using new technologies and social media to re-establish Psychic Friends Network as the industry leader for daily horoscopes and psychic advice." The company's website advertises, "We all want to know what our future holds …. For centuries, great leaders have sought and found the vital psychic edge. And, now, so can you!" The company is boldly forecasting $64 million of net income by 2015.

But ironically, the first page of its investor presentation included this cautionary note: "Undue reliance should not be placed on the forward-looking statements because Psychic Friends Network can give no assurance that they will prove to be correct."

Possible Preaching Angle: Trust, Help from God, Security in God—We're all looking for ways to find security in uncertain times. Who or what can we trust? Ultimately, our hope is in the Lord.

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