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To: SargeK who wrote (56016)	12/4/1999 3:50:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

Mr. Holloway has stated repeatedly since the IPO 2 ½ years ago that his foremost goal was to increase stockholder value. He has done so in SPADES and continues to KEEP HIS WORD. Sarge, I don't quite understand this statement. What other way is there to increase shareholder value than increase the share price? If you got in at the IPO and rode it up for a few months, you did great. Since then, FGH has been an absolutely horrible performer, down well over 80% from its high in late 97. Are you saying ol' J.L. will be paying off shareholders with old playing cards? I want REAL MONEY. Just kidding...we both have big positions in this one and I agree it is grossly undervalued.

To: SargeK who wrote (56016)	12/4/1999 10:49:00 AM
From: SargeK	Respond to of 95453

CORRECTION In line 5 where it says historic low of 8.6875, CHANGE to READ: 7.6875 and CHANGE all other errors resulting from this mistake. Sorry about that. Do your own math. SargeK

To: SargeK who wrote (56016)	12/4/1999 7:03:00 PM
From: in_outdaily	Read Replies (1) \| Respond to of 95453

Sarge; I think you've forgotten one other factor regarding FGH; and it's a large one... With Holloway preparing to step down in less than 2 years, the average investor (that's me) sees future management as an issue. The question I can't answer is whether Holloway's departure will be good or bad for the company. When he acquired HLX, did it improve shareholders value (certainly not short term) or did he write himself a 'golden parachute' in preparation for his departure? One might argue that both of the above are parallel... but I can't state that with any certainty since Holloway is leaving. I'm not at all happy with FGH's current evaluation, and not looking forward to a 1 or 2 year wait to see a turnaround. My 2 cents Bill