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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: PHILL who wrote (1999)1/27/1998 12:47:00 PM
From: skreiger  Read Replies (2) of 27968
 
Good point, Phill

We have developed, it seems, on this thread the ability to quickly forget we are dealing with a $0.30 stock right now. Whether or not it goes to the moon or ends up in a dumpster, it's still a penny stock. FAMH does not have the same opportunities for financing as an established blue-chip company. So rather than looking at what seems to be promising news with a cynical eye, why don't we accept the realities here. The company has, to this point, held up to its end of the bargain, releasing the Myriad news when they promised. The European financing deal is a surprise, at least to me. Why should a positive surprise be cause for concern in a penny stock?

We all would like to know every little detail about every financial issue involved -- that's not going to happen. I doubt whether Microsoft shareholders know every little detail about every financial issue with that stock either. If you are uncomfortable with what you DO know, then perhaps it's time to move your money elsewhere.
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