To: kennbill who wrote (5498 ) 3/8/1998 10:58:00 PM From: JIN CHUN Read Replies (1) | Respond to of 27968
Bill, from the Conference Call, Ira stated that their initial outlay was recouped from the sponsorship that had already been sold. I'm not an expert, but my guess is that the pre commitments and the sponsorship has already been worked out. I do not think that their role has changed, however. I believe that they are still a major part of the show in that they have funded a large part of its production. They are not, however, in the entertainment business, obviously. Much as one would be a silent partner in the opening of a Mexican Gourmet eatery in Manhatten, the partner would have rights to a portion of continuing profits. In response to a previous post, I do not believe that the 10Q or 10K would be coming out this week. If I'm not mistaken, it is the release of the actual audit in conjunction with SB-2 with the SEC. I hope someone can correct me here, but I think that a 10Q isn't due until 45 days after the end of the fiscal quarter. In any event, IMO, the SB-2 filing, if it happens this week, will add significantly to the momentum of the stock. This is just my opinion, but I think that we will be seeing higher highs this week with more stabilization. Just a note of interest, but an important one in my opinion. With all of the naysaying, "get out before trading is halted", " this stock is a scam", etc., that has proliferated this thread since FAMH became noticed around January of this year, what factual or substantial contrarian statements are we getting now? Answer:NONE, ZIP, NADA, ZERO, OHPSO, ZILCH! If the company follows through, we will all be rewarded ( that is of course, if you are on this thread and you actually own the stock, something not to be taken for granted ). As the great Wayne J. said way back in the beginning of the thread: PATIENCE, PATIENCE, PATIENCE. I will make a gentlemens' bet here that FAMH will at minimum match .11 eps for '98, which at current valuations should put them in the $2-$4 range. If anyone wants to take me up on it, we'll discuss the terms and I will be bound by my word. Any takers? Jin.