Little Engine, with all due respect, I ABSOLUTELY disagree with your post #3232. Those of us who actually have an equity stake in the company, whether we're looking for a short or long term ride, have been waiting anxiously for a news release. I'm sure you were aware of this. To post a false news release, whether in jest or not, is completely irresponsible.
----<<I would consider sucking people in with hype "irresponsible." You know, pushing thoughts into people's heads like "we predict .21 for this year" when you (Ira) know that will not happen. If you DON'T know what will happen, then DON'T predict!>>
----Lot's of companies, big and small, make earnings predictions, and their price more often than not reflects their ability to meet either expectations from analysts or their own projections on earning. ----<< You don't think estimating .09 for the fourth quarter (which anyone who has ever held a job knows is the hardest time of the year to find one) is irresponsible? Then coming up with .02 instead? He wasn't even in the ballpark.>>
----Your own words betray your logic. It was a projection, not a figure given from an internal or external audit. Until we have the audit in our hands, the jury is still out. We have no balance sheet, no 10K, we do not know all of the circumstances involved that can be interpreted as negative or positive. The company has only been public since May, less than a year, and although there are instances of companies on the OTC-BB that have done a better job at shareholder relations, there have also been many that have done a worse job. Also, the labor market has had a steady and continuing trend that has eclipsed the trends of the past 2 decades. It is a tighter labor market now than it was just 3 months ago. This is from statistics given by the GAO, not me or Firamada.
----<<You don't think telling an investor "we have no plans to issue any more stock" when the total is 20 million shares (Cheryl's original post), and then printing up at least 8 million more shares IN THE NEXT TWO MONTHS is irresponsible?>>
----I personally am comfortable with the dilution because since the original 504, they have had a major acquisition, which, if we consider it's net revenue for '97 of 1.8MM, could easily add .06 eps by itself. Opportunities arise, and I personally do not think that you can condemn the company for taking those opportunities since they are growth orientated and in an acquisition mode to acquire profitable companies. This simply translates to greater shareholder value and I am comfortable with it. Would it have been better for them to become cash poor and deplete their cash reserves, so that if operating costs were to peak for any reason they would have to assume drastic financing measures such as a Reg S? I think not.
----<<Tell me, is it "responsible" to promise in your investors packet that "Mr. Monas has an open door policy and welcomes calls from investors large or small", and then refuse to talk to people? To tell them to fax their questions and then refuse to answer those, anyway>>
----From what I understand, they have been deluged with inquiries. Also, some inquiries have not been completely civil. I do not excuse Ira if he lacked any courtesy in any conversation, since we do own some equity stake in the company, but I would much rather have him focus on growing the company as opposed to responding to innuendo, rumor, malicious statements etc.
----No one at this point in time can say that there has been any intended misdeeds on the part of the company. We simply do not have all of the facts yet. Ira et al does owe us much more, and hopefully we will be rewarded for our patience. By the way, there are numerous companies on this exchange that have absolutely no revenue what so ever. I cannot even count how many developmental startups there are involving internet technology/advertising, biotech, pharm, drilling, minerals, etc. Some of these companies have at one time or another traded for much more than FAMH is trading now, with only 5 or 6 employees, a trailer, rented equipment, etc. You simply cannot, at this point in time, call Firamada a scam. If you do, then please back it up with facts that can be presented in a court of law. I only say this, not as a threat implied or otherwise, but only to stress the point that facts are what is needed, not parody. Sorry this is long winded. Jin. |
