ActionScript 3.0 :: Maximum Limit To Put IF Else Statement In Function?

I'm wondering if there is a limit as to how may if else you can put in a function. I have a form that never seems to fire the last if else on the first load. It will work once I've run through the form, and all of the times after that, but never on the first try. In other words, when I test the form for the first time, if # 5 never kicks in. But after the form has sent, I can run the form again and if # 5 will work like I want it to. I did add .tabIndex to the form because it wouldn't originally tab the way I wanted it to and I wondered if this might be part of the problem. I also tried moving the if else statements around, but that didn't seem to make any difference. Does it only read 4 if's at a time?

Here's the code:
// add evenlistener for submit buttonsubmit_btn.addEventListener(MouseEvent.CLICK, ValidateAndSend);
function ValidateAndSend(event:MouseEvent):void{
// if #1
if(company_txt.text ==""){
company_name_mc.gotoAndPlay("red");
[Code] .....