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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (62395)	3/20/2000 12:24:00 PM
From: SargeK	Read Replies (1) of 95453

As expected the "MOUTH" (Infamous Boiler Room Spokesman) is attacking FGH, AGAIN! With low volume and only 13 more trading days until the 8k is released, it was only a question of time when the new Boiler Room assault would begin. It just did! messages.yahoo.com and messages.yahoo.com RESPONSE: 1. BACKLOG: A brief comparison with UFAB & GIFI proves FGH is in the cat bird seat among the fab's. a/o 12/31/99 GIFI - $38.9m/11.638m shares = $3.34 backlog per basic share UFAB - $18.4m/6.773m shares = $2.72 backlog per basic share Contrast this with FGH NEW BUSINESS - A total of new and revised contracts (that we know about) of $262 million has been announced in the past 3 months. (That DOESN'T include OLD business (profitable or unprofitable) nor $100m per year in highly profitable maintenance and repair revenues WHICH is NOT counted in backlog.) FGH - $262m/39.8827m shares = $6.57 backlog per basic share in NEW BUSINESS Note: Additionally, FGH is bidding for the approx $300m (20 to 25 new vessels) TDW rebuild contracts. Announcements will be made over the next several months. FGH is expected to be awarded a significant portion of these contracts. 2. INSTITUTIONAL OWNERSHIP & INTEREST: insidertrader.com The Chart proves the number Institutions invested in FGH has increased from 28 to 60 (during the most recent, quarter available); representing 114 % INCREASE. The Chart proves that the NET number of shares purchased by institutions INCREASED by 3,283,442 shares and Net Buyers(Sellers) increased to 54 DEMONSTRATING significant Institutional interest. Since Holloway owns almost 25% of the Company and other insiders own a like amount; it should NOT be surprising that the number of shares owned by Institutions, OR anyone else IS limited. It should also be noted that while there has been significant NET institutional BUYING there is NO evidence of DUMPING by the group. The Chart provides STRONG evidence that FLOAT is gradually being squeezed leaving the Outstanding Shares which may be traded on a diminishing trend line. When the Shorts begin aggressively covering their positions, THEY WILL be competing against each other at the SAME time institutions are accumulating. With decreasing share supply and increasing DEMAND, the OUTCOME for patient investors weighs heavily on the side of significant GAIN with very little downside risks. FORECASTS: Slider: "If JL does NOT have some significant new orders - below the margin bar of $5 is a chip shot and dont discount my call of support not being strong from Institutions untill $3... Three "dollah" ~ FGH - just be patient." SargeK: "From the current base of 6 «, I FULLY expect a DOUBLE within 90 to 120 days and perhaps another double from that level by year's end. THE BAD NEWS is out and there WILL be a steady stream of positives as far as I can see. I KNOW others disagree with these views and that is their prerogative." Message 13232459 SPIN THE WHEEL!!!!!!!!! SargeK

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