SI
SI
discoversearch

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.
Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: JIN CHUN who wrote (5399)3/7/1998 2:24:00 PM
From: JIN CHUN  Respond to of 27968
 
I'm not the only one that heard IT personnel for Allied Signal and Deloite and Touche in the CC:

Brad's notes from the call:

Message 3615507

Jin.

<OFF TOPIC>
A note to TM, I don't understand the romanization of your message, was that vietnamese you were writing? Oooh I want to write it, I do, but I am resisting the call from the mud sirens.



To: JIN CHUN who wrote (5399)3/7/1998 2:37:00 PM
From: Leroyt  Respond to of 27968
 
Jin, What exactly did TM say about FAMH and scam.
I enjoy all your posts and I full agree that calling a company a scam is a libelous - NOT just an opinion. Just looked through TM's comments but couldn't find it. Would you post TM's statement.

Thanks, Leroyt



To: JIN CHUN who wrote (5399)3/7/1998 9:26:00 PM
From: Lurker  Respond to of 27968
 
<<That aside, calling the company a scam was uncalled for. And it was here, in a public
forum, for all to see.>>

Uh, FAMH did lie and announce earnings for the third quarter of .06. After LE demanded to see the numbers, FAMH said that the earnings were .03 I think it is IRA that owes honest investors an apology, not LE. It will be hard to convict anyone of libeling FAMH when their news releases prove they have lied while encouraging people to buy their stock.

Ira says the stock is worth $3.00. Why? Is it because a typical PE is 30? FAMH isn't typical. First, they have a history of publishing false earnings. Second, the audited figures won't take into account the Myraid aquisition. So, trepidation among investors will continue.

The value of the stock is based only on what someone will pay for it. Any other figure is mythical. With FAMH's past, a PE of 3 is not rare.

I think IRA is probably doing a great job building Firamada into a great company. If he would have kept his mouth shut and simply posted accurate 3rd and 4th quarter earnings and a yearly report, we probably would be around $2-$3 by now.