Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Post_Patrol who wrote (62065)	3/13/2000 9:41:00 PM
From: SargeK	Read Replies (2) \| Respond to of 95453

Post_Patrol (Oh Ye, of Little Faith!): "We sold FGH in the high 5`s a while back" CAUSE & EFFECT Posted Feb 11, 2000: Extract from Message 12845790 "BOTTOM LINE: It is time Mr. Holloway keeps his commitment (increase stock value) to stockholders by becoming pro-active in support of the stock price by all legitimate means. Because of the drastic drop in stock price, many of the Company's stockholders are NOW FORMER owners (who could no longer stand the pain of watching their capital disappear in a seemingly bottomless pit). Many of these former owners have been replaced on the message boards by an army of pit-bull attack dogs WHO seize the information vacuum as a means of manipulating the stock while the company appears to have adopted a Code of Silence. By releasing a public, comprehensive update on the various conflicts identified, above; and by instructing Investor Relations to use CANDOR in releasing future information required by Investors for in-depth analysis, I believe investor confidence may be restored. Periodic, comprehensive updates (including information provided to analysts) should be posted on the Company Web site IR@fgh.com for investor and potential investor information and evaluation. There is so little posted on the Web site, I am beginning to question if its expense is justifiable. As a staunch supporter of this company, I have become increasingly frustrated with the dearth of information and the apparent unwillingness of the Company to follow-up on expressed, favorable expectations which fail to materialize. In my view, it is NOT negative information which is killing this stock. It is the ABSENCE of fundamental FACTs which should be readily available to the investment community. How can analysts or investors be expected to realistically value a stock (and BUY it) when so little information is available? While there appears to be few sellers at current levels, perhaps more importantly is the ABSENCE of motivated BUYERs. With so little known about the merged companies (i.e. consolidated financial information) this is to be expected. The question is WHY has this situation been allowed to fester for months? This whole ball of wax is starting to develop a distinctive, repugnant aroma. COMMENT: The Ocean Rig settlement, recent announcements of new and revised contracts of over a quarter BILLION dollars, and the announcement by Tidewater (an old and valued Halter customer) of a $300m building program of boats Friede is uniquely qualified to construct should have sent this stock soaring. Instead, it languishes as a result of confusing/contradictory information and failure by the Company to become more pro-active in providing full and complete disclosure of information concerning events which cloud the company. It appears that ALL possible negatives have been factored into the stock and all things positive, are positively dismissed as irrelevant. I left a message on Mr. Hasting's answering machine a couple of hours ago with the hope that the above issues may be discussed. If and when I get a response, any information received will be reported on this message board. I am NOT holding my breath. SargeK (Patient, LONG TERM bullish; but, disgruntled)" Posted Feb 22, 2000: newsalert.com. I'm glad the Company f-i-n-a-l-l-y disclosed what has been suspected for weeks. The good news in the release(s) are summarized as follows: "The Company anticipates significantly improved financial results for the current year." "The Company believes, based upon current estimates, that all of the earnings impact of unprofitable contracts as well as merger-related expenses have been provided for in the quarter." Message 12936837 ALSO, Posted Feb 22, 2000: Message 12939027 I think the irrational (read emotional) sell off down to 5 3/16 immediately following the announcement was another buying opportunity. I picked up 1k @ 5 ¬ . POSTED Mar 6, 2000: Message 13065692 Institutional Ownership % Increased by 86% in 4th Quarter COMMENTS: This Chart SHOWS the RESULTS of the Company coming clean with its shareholders: bigcharts.com Best regards to all, WELCOME to the PARTY! SargeK P.S. Since the Feb 11th, POST, I no longer get response from FGH/IR. But, that's OK! The Company's Feb 22nd Info-mercial and the price action since, made the CONSTRUCTIVE (OBJECTIVE??) criticism , worthwhile. >g<