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Microcap & Penny Stocks : FAMH @ .18- STOCK PROMOTION!
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To: franco who wrote (41)10/7/1997 12:26:00 PM
From: CO   of 277
 
In my opinion FAMH is not a momentum play. My first impression was that it might be a momentum play. Quite frankly, I expected to see more of an increase in the stock price by now. But things do not always happen overnight.

Regardless of what the float is, the total shares out are at just over 19 million. If the information is accurate that I have received from the company and PR firm, FAMH is at a 6 cents EPS for the first SIX months of this year.

From conversations, it is my understanding that the intent of the company is to be listed on NASDAQ by early next year. From what I have been told they have met all of the requirements to be listed on NASDAQ, with the exception of one, the current value of their stock. From looking at what NASDAQ requires, it would seem that this is true. Again I can only go by the information put out by the company and the PR firm.

Here is a site where you can see what NASDAQ requirements are:
nasdaq.com

Be sure and look at: The Nasdaq SMALLCAP Listing Requirements.

With the company's current promotions, it appears that they are trying to let people know about the company's plan.

It was my impression that the company thinks they will draw a lot more attention if listed on NASDAQ. I feel this is probably true. If they are as profitable as indicated in their financials, this stock is undervalued as I see it.

I can only go on the information that I can obtain by doing my DD. I would suggest everyone do their own DD. Penny stocks are always a risk. But they can also be a great opportunity. I would never put money into a penny stock that I could not afford to lose. I never like to lose, that is why I try to do my DD.

Cheryl
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