To: Dusty Vestal who wrote (3158 ) 2/13/1998 2:29:00 AM From: HG Read Replies (1) | Respond to of 27968
Dusty, It is my opinion that an audited P & L with a reasonably sound balance sheet would have an extremely positive effect on the stock price. Right now there are too many unknowns. We're not even sure how many shares of stock are out so all this speculation about EPS is nothing more than a guessing game. As we all know a company like FAMH in it's growing stages is very dependent on a solid cash flow. Again the nice thing about a company like FAMH is that it can be a "cash cow" if it has a good account base.This field, as many have stated, is an extremely competitive arena with some unusual, potential downside. (ie. workman's comp claims) In a company like FAMH it is imperative that they have a strong CFO. I don't know who that is with FAMH. I know that it is not Ira. That's not his job, or if it is it shouldn't be. All this garbage we've been hearing about Ira not doing this and Ira not doing that is mere silliness. Ira's job is to grow the company. If he is trying to wear all the hats he is making a big mistake, but I don't think he's doing that. Frankly it's almost a shame this company is public at this stage of it's development but that's the way fledgling companies get their money. Idiots like us who are willing to take a chance on, hopefully, making a few bucks, or sometimes a lot of bucks. I have no illusions about FAMH. It is a risk, but in my opinion one worth taking. Some on this thread have come very close to calling Ira Monas a liar. That, in my opinion is irresponsible. I think that Cheryl and Brad in particular have done a great job in being this threads liaison to the company. We should be thanking them and many have. Also, please understand that I think hard questions need to be asked and answers received. However,some on this thread will not believe the answers. That is their problem, but I also think that they like to merely stir up the thread and some have no real interest other than disruption. That's their perogative. I try to ignore them. Geez Dusty, you got me started on a semi-rant here. Sorry about that. Yeh, I think positive financials will have a significant impact. But sustaining momentum through the first and second quarter will be the proof in the pudding. I wish us all good luck and I hope Mr. Monas produces the numbers soon. Regards, HG