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Microcap & Penny Stocks : FBCE -- Ignore unavailable to you. Want to Upgrade?


To: opalapril who wrote (274)8/15/2000 1:12:29 PM
From: lofalutin  Read Replies (2) | Respond to of 365
 
I wish I knew precisely what this news means. I don't. The bottom line seems to indicate that last quarter's $0.0 per share results are now restated as -$0.11.

Restating earnings is never a positive development. I suspected that there might be trouble when the CFO "resigned" a few days back. Now it appears he may have had Dr Aslami's footprint on his butt as he went through the door. Notice that Aslami had no kind, regretful words to say upon Beecher's exit. (http://biz.yahoo.com/bw/000801/ma_fiberco.html) A telling silence.

While I'm still long-term bullish, this sort of confidence-shaking incident could put a damper on FBCE's stock price for quite awhile. Big news, though, could turn things around faster.

I'm optimistic.