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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SargeK who wrote (58274)	1/11/2000 11:58:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

SargeK; Caveat Emptor huh ? re: that Newspaper article on FGH brings up some serious questions. gulflive.com In all seriousness; the post mentioning that article was "poo-poo'd" by everyone today - led by you SargeK; saying it was a false rumor by professional stock manipulators etc. And NOW ! - its true ?!?!?!?!? - surprise, surprise... and you aren't even man enough to apologize after all this "boiler room - cretin, stock manipulator" BS ?!?!? "Caveat Emptor" huh - ROFLMAO - that ought to be the sign on JL Holloways office door ! Not that this issue is a make , or break issue for the survival of FGH .... or, is it (VBG) ? First the Street.Com expose articles on accounting practices - then given the situation with the Canadian Government and the way the company was less than forthcoming about it - and NOW ! - this article which the company refuses to comment on ? ...the company will not respond ? - perhaps because of JL's prior comments at the time of the merger quoted in that very article: <<J.L. Holloway said company officials did not anticipate any significant reduction in employees, adding, "we each have had problems in recent years hiring enough people to operate our yards.">> Hmmmm; was he lying then, or has something very, very bad happened here lately that wasn't in the gameplan that has changed things from how JL envisioned the merger being assimilated originally (like a lack of orders & a disappearing backlog ?) - sounds like a major problem either way - doesn't it ? Perhaps all those Institutions who dumped the FGH stock know something we don't ? Once again the company did NOT answer the question directly. Can these people ever tell the truth up front and forthright ? Can they ever directly answer a simple straight forward question honestly ? Ala~ the less than forthright way they handled the Canadian situation (more Government incentives) and the financial fallout from that - which raised even more ethical and credibility issues; now we see FGH closing a plant that they recently got a loan & Federal Development grant on ? - sounds like the Steel Rust Belt of the Midwest where I have seen company after company suck off the local tax abatements, take the state, or federal grant money - and then bail & leave town once these "freebies" have lost their financial lustre - not to mention what they do to the working families in these communitites. This is NOT a small issue with FGH. It goes to their management style, their complete inability to tell the whole truth, to tell it all and to tell it right away - remember Big Dogs comments a while back ? - they should have listened & learned then... NOW - does anyone wonder why they just had 3:1 Institutional SELLS to buys ? Institutions dumped FGH last quarter as shown by the earlier marketguide link - and now anyone wonders why ? Maybe they just wanted to wash their hands ? Good Luck Sarge, you'll probably make money from here, I dont really care where your cost basis is; I am sure FGH can worm their way back to $10-$12 - but you know what; after seeing these guys operate; I personally do not need the money that bad... I feel "cleaner" not owning their stock.There are lots of bright prospects in the Oilpatch - I'd rather pursue one without all the sleaze baggage... good luck and watch where you step...