All you guys and gals seem to be missing the point on an other self inflicted wound that FAMH recently created:
(((((LOS ANGELES--(BUSINESS WIRE)--Aug. 25, 1998--Firamada, Inc. (OTC BB:FAMH) issued a statement today denying rumors of a pending merger. Firamada's management stated the Company is not currently in merger negotiations, and that any rumors to that effect were disseminated without any knowledge of Firamada, Inc. or the Company's management.
Firamada President Randy Malinoff responded to the rumors saying, ''We are not currently in merger negotiations of any kind. We have received numerous calls relating to information which has been purported to be from our Company.
''Firamada will release news only through a recognized information distribution service such as Business Wire, or via Firamada's Company web site, firamadainc.com. Internet rumors should be disregarded as Firamada will not necessarily respond to false Internet information in the future.'')))))
FAMH denies the rumors, stock price sinks.
SOSS (the other company involved in the rumor) neither confirmed or denied the rumor, hence their stock price did not move.
You call up ANY company and ask them any merger questions, they will not confirm or deny any merger activities.
Why the strong denial from FAMH? Has Firamada President Randy Malinoff had any past business training, or is it that the stock, and or stock price a secondary (or even further down the list) consideration to FAMH?
How much stock does Firamada President Randy Malinoff own?
How much stock does Sukey own?
What happened to preferred financial's Anna Love? Her Co. is no longer listed at the end of the press release!
Still holding, but less hopeful of this "new" team.
Laz |
