To All:
I hesitate to post to this board, as I do not own any FAMH and never did. I have no interest in either FAMH or ATXI. I also do not work in the investment community. A friend of mine invested in this stock a number of months ago, and recommended that I take a look at it. Unfortunately, the stock trades on the OTC Bulletin Board, and I do not invest in Bulletin Board stocks no matter how good they are. I have a passive interest in FAMH, and have watched from the sidelines, and have followed the FAMH thread for some time. (Reading these posts are better than going to a good movie.) Since I have no financial interest in these stocks, I feel that my opinion is not biased either to the positive or the negative. The following paragraph was taken from a site on the net and it provides a good comparison of a Bulletin Board company with Nasdaq company. They said it much better than I ever could.
"Unlike The Nasdaq Stock Market, the OTC Bulletin Board is not a stock market. Stocks are "quoted" on the OTC Bulletin Board, they do not "trade" on the OTC Bulletin Board. Also unlike on The Nasdaq Stock Market, OTC Bulletin Board companies do not have to meet any quantitative financial requirements. To be quoted, a market maker, not the company, normally needs to file a Form 211 with the National Association of Securities Dealers, Inc., OTC Compliance Unit. OTC Bulletin Board companies do not have to file 10-Ks and 10-Qs with the SEC, which can make it difficult to find reliable information. However, some OTC Bulletin Board companies are fully reporting, and their SEC filings can usually be found in the EDGAR database. But just because an OTC Bulletin Board company is fully reporting doesn't mean that it is similar to a Nasdaq company. Besides having listing requirements, Nasdaq also goes a giant step further and does extensive background checks on the business and principals of would-be members. It is not unusual for an OTC Bulletin Board company meeting the reporting requirements of the SEC as well as the minimum financial requirements of The Nasdaq Stock Market to be denied a listing due to questionable or undesirable discoveries in the backgrounds of the business or persons associated with them. While the OTC Bulletin Board is not exclusively the stock market's "den of iniquity" it is, essentially, "caveat emptor"."
So why was ATXI's stock halted and FAMH's stock not halted. First of all Nasdaq has no authority to halt a non members stock. They do have software that monitors member companies, and when there is a big change in price or volume, the Nasdaq checks with the company and halts their stock for any of a number of reasons. On Friday, there were many indicators that would have tripped the monitor program. (Both volume and price.) On Monday, FAMH's stock will again not be halted, unless the Market Makers decides to halt it. Nasdaq will allow ATXI's stock to trade once all pending news about the company is known. This may or may not be Monday at 9:30. The CEO of ATXI acted very professionally with their announcement. They provided the pertinent facts and nothing else. They may or may not be in confidential conversations with FAMH. If they are, they can not reveal that they are until some kind of agreement has been made, and then normally a joint announcement is made. This is one of the requirements of a reporting company. So don't put down the CEO for being honest and stating the facts that he was allowed to state. You can imply anything else you want with what he didn't say.
So what do I know about FAMH. If I put my faith in one person (the president of the company), I know quite a bit about the company. He has been posting on the thread, and has been spoon feeding information to everyone. If, however, I don't want to put my investment dollars on one person's word, then what do I really know about the company. Unfortunately, that is very little, if anything. I have not seen any filing with the SEC. If FAMH is thinking about becoming a fully reporting company, they should have started the discipline of reporting their results a long time ago. Quarterly financial reports do not have to be audited, but the annual financial reports do. There is no excuse for not reporting to the SEC (even the unaudited quarterlies) unless perhaps you have something to hide.
This board is very forgiving to the company. In early February, you were promised financial information. It never came. The excuse was that they weren't being release because they were going to be audited, and that would take longer. Then in early March a news release came out with unaudited results. I think that you are still waiting for the audited results. If you are a reporting company, and are as much as one day late, your stock will get dumped by institutional investors. There general rule is companies with good news report on time, companies with bad news will usually delay reporting. I know virtually nothing about the company from reliable sources other than what is provided by INTHEFLESH. I even have questions like how many shares of stock are outstanding. There was great speculation about the reverse merger that was leaked by FAMH to the FAMH thread. The details were spelled out right down to the number of shares of FAMH for each share of the listed company. If in fact for each 4 shares of FAMH, I get 1 share of ATXI, If FAMH is trading for .67 per share, then after the merger the ATXI current value should be $2.68, or somewhere in that area. So why was it trading at $3.375 on Friday, at such a large premium to FAMH. If I was sure of the merger, then I would have bought FAMH instead of ATXI. There could be some other reason that ATXI is trading above parity to FAMH.
So what do I know about INTHEFLESH. The person certainly has insider information about FAMH. This insider information is constantly being leaked to the FAMH thread. Last Friday, the information about the merger was so obvious, that any Moron could have figured out that ATXI was the company involved in the reverse merger. So if INTHEFLESH actually leaked confidential insider information, he can end up in jail, if the SEC decides to investigate. The other problem is that many people who took advantage of this information and bought ATXI shares could be in as much trouble as INTHEFLESH, if the SEC decides to investigate. Trading on insider information is one of the biggest no-no's there is. These persons could end up losing any profits that they made on those shares. Is INTHEFLESH the president of FAMH. I don't know, but I hope not. The grammar that INTHEFLESH uses is not that of a president of a large company. I am not one to throw stones, as my grammar is probably just as bad. But then I am not the president of a large corporation. If I were, I would hire a PR person to handle all company correspondence. I would not allow press releases with such pathetic grammar to be made public. It is a poor reflection on the company.
So why did I post this message. I believe that as shareholder of a company, you should demand more. You should put the pressure on the company officials to file their reports with the SEC, and to have them audited, so that you can determine how much your stock is really worth. Most of you are on a first name basis with the president of the company. I am in over 20 stocks and I can truthfully say that I don't know the first name of any of the CEO's of the companies that I am invested in. But then I don't care what their first name is as long as they run the company in a manner that meets my satisfaction.
There are many first time investors who invested their hard earned money in this company. They have listened to the hype, and took a chance. Every so often, someone needs to describe some of the risks, so that they can make better decisions with their money. I am not recommending that anyone either buy or sell their shares. Its your money, and I wish you luck with this investment, and hope you all make lots of money with FAMH. It is certainly an interesting company.
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