To: Little Engine who wrote (1450 ) 1/16/1998 10:18:00 AM From: JIN CHUN Respond to of 27968
Little Engine, come on man! If the 3Q figures were mis-stated, as I believe they were, then it is still somewhat plausible at the margins that they have indicated. If I am correct, the release was probably stating figures with the original share count before th 504 (I might be wrong on this one). IMO, earnings for the 3Q probably wasn't .06/share, and the possibility that it wasn't will not force me to come to some of the conclusions that you have come up with. If they had inflated some of their projections, then they wouldn't be alone, in the otc, nasd,or nyse. If you decide to dump your shares(assuming you had any to begin with) then that is certainly your decision, but I don't think that trading will be halted on FAMH now or ever given the information that we have or do not have at this point. Your insinuation, with all due respect, is ludicrous. We will all see when the financials come out. And as someone had said earlier, the audited financials are what will give the credibility that FAMH needs for us smaller investors and the bigger fish. Personally, I believe Ira Monas is going at break neck speed to get the audit for Myriad and FAMH together ASAP. I'm sure he's aware of their importance. Also, someone had mentioned that the audit might be done by a bigger Fortune 500 firm. If so, then how can you compare the current situation to Mercury Finance? FAMH is still in it's infancy as far as it's public life is concerned. By the way, there is nothing in black and white in any of the press releases that gives a break down on the 3Q numbers. If they had misstated the earnings, it does not erode the trust I have in them. They are a real business with real ongoing operations in an industry that is high growth with real margins acquiring real companies and when the 10k is filed they will be a real reporting company. Sad to say, but how many bb's can you say that about? Jin.