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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: JIN CHUN who wrote (17848)5/17/1998 1:24:00 PM
From: Andrew H  Read Replies (1) of 27968
 
James, I have posted many things of substance to back up my opinions about FAMH. Most of those things center on the problematic nature of management.

I agree the stock would be undervalued IF we could believe in management and its statements. However, again and again it has been demonstrated that we can't. That is why the stock is at .30. If and when they come out with audited financials showing .11/share, they will gain more credibility.

However, the fact that they have more than doubled their shares outstanding in the last several months is a big problem. They are going to have to show substantial earnings to make up for all thos extra shares. That's going to take quite a while. Dead money at best for quite a while, IMO.
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