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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Little Engine who wrote (1310)1/14/1998 10:39:00 PM
From: John Fairbanks  Read Replies (2) of 27968
 
Maybe it's because Brad has taken the time to establish a relationship
with Ira they way Cheryl has and doesn't approach him like he's lying
to us? I've talked to some people already out there who say some of
the investors who call them are miserable to talk to because they
seem more interested in beating up the company and asking questions
that can't be answered without violating securities laws than they
are about honestly trying to find out about the company. I know one
CEO of a small company that started screening his calls because he
didn't want to talk to certain people where he felt the conversation
wasn't accomplishing anything and the "investor" couldn't even manage
to be civil to him. I'm not saying that's the case with you, just that
we do need to be careful when we call to respect them and the job they
are trying to do. We also need to realize that they can't always give
us all of the answers that we think we need.

Anyway, we need to be careful about speculating on the aquisition too
heavily because we simply do not have all the facts. Imagine if I announced
to you that some guy Bob was going to trade me his corvette for an
undisclosed amount of cash and some apples from my pantry. Not knowing
anything really about Bob you can't even begin to speculate what kind
of deal I might get, or how many apples he wants. You also can't
even begin to speculate on the condition of the car... instead Bob and
I will take it to a mechanic and have him tell us about the car, and
then Bob and I will sit down and reach an agreement that we both think
is fair. There are way to many variables for you to even begin to
guess on these things.

I guess I'm saying that about all we can do is wait for the company
to disclose the terms. Personally I will feel much more comfortable
about the company then, because until that point, it is even more
impossible to correctly determine a value for the stock than it was
before... as incredible as that sounds for a non-reporting company :-)

Generally speaking in cases like this I do get a bit nervous but that
is just me. It seems like every time a penny is doing well and I
think I have a handle on it's value and future it does something like
this that muddies the waters in a way that leaves everyone guessing
as to the outcome. Obviosuly the safest approach is to wait for the
waters to clear so you know where you're going again. The people
who take the risk of plunging into the unknown anyway are the ones
who receive the biggest reward. Myself, I generally take a half and
half approach and put some money in but not as much as I would if the
way were clear.

Just my opinion...
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