PhillyInc

Money Centers of America Inc. (OTC:MCAM), which provides ATM and check-cashing services at casinos, could use a little luck of its own. The company in King of Prussia, run by CEO Christopher Wolfington, said in an SEC filing today that it was more than $20.8 million in the red at the end of last year. Its auditors have raised "substantial doubts" about its ability to continue operating. And now 22 investors want to bail out. They have registered to sell as much as 9.4 million shares of stock. All of which leads MCAM to dutifully write to the SEC: "While we believe that our present plan of operations will be profitable and will generate positive cash flow, we may not generate net income or positive cash flow in 2007 or at any time in the future." Wolfington owns about 55 percent of the stock, which last traded at 33 cents per share on the Over-the-Counter Bulletin Board. - Jonathan Berr