FCM was $ 10! It then fell to about .50! Around that time, the CEO then got 500,000 shares(from the company) for .35! Wow! This is a great company (for the CEO).
You can read all about these "deals" in the 10Q for the quarter ended December 31, 1998. The problem is that most who ridicule me have probably never read the 10Q's and 10K's, or don't have the skills to begin to understand them.
I found out that USAT is now trading as a BB stock. It was a NASDAQ stock. It went from about $ 50 a number of months ago, to its current price of about $ 3.50. It is my understanding that USAT is under investigation for claiming sales that never happened, etc.
Isn't USAT FCM's biggest customer, or one of its biggest? Can anyone confirm that?
Does anyone remember Raliegh from this stock thread. Guess what? The SEC is/was involved with him, too. Does anyone want to talk about that? He was hyping this stock when it was $ 10 to about $ 3.00, when he mysteriously disappeared.
Raliegh once posted a message here to me from Helen West's computer (from FCM, then FTEL). That was rather odd, don't you think? Raleigh just got up and used Helen West's computer? How friendly was he with FCM's office?
Each of us have to make up our own minds about the type of risk we want to take. The integriy of a company, based on its history, is paramount in many successful investors decisions. Of course, trading is a whole different story.
Remember Intrine, remember the earlier ATT lawsuit, remember USAT's SEC trouble, remember . . .
FTEL: ~$ 3.00
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