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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks
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To: Ga Bard who wrote (1843)11/10/1997 8:56:00 AM
From: CO  Read Replies (1) of 8835
 
Ga Bard, I appreciate your comments and opinions on many things. I do respectfully disagree with you on a comment you made including FAMH.

"plenty more that sell stock as shareholders are buying in and then intened to reverse it to get the shares down to a manageable level."

This is not true in the case of FAMH. Yes FAMH sold 504K shares through Alexander Wescott to raise 1 Million dollars to expand their business and create even more revenues. They DID NOT increase the outstanding shares. They still only have 20 Million Total Outstanding Shares. The float was increased to 7 million.

FAMH is a company that will likely show a profit for 1997 of around .12 - .15 EPS. I have a copy of their financials for the first six months and with their current outstanding shares, they were showing a profit of over .06 cents for JUST the first SIX months of 1997.

The only way I can see that a roll-back might occur, is if it is needed to move to NASDAQ. In this case I don't think it is a bad move. With the profits that FAMH has and the increased revenue they should show in 1998, a move to NASDAQ should be quite beneficial. I think that any negative effect by the roll-back would be more than negated by the attention FAMH would receive by being listed.

In my opinion, FAMH is one of the most solid, real business, OTC-BB stocks out there right now.

Here is an updated thread for more information on FAMH.

Subject 18031

Good Luck,

Cheryl
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