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


To: JIN CHUN who wrote (5592)3/9/1998 3:44:00 PM
From: Jonathan Lebed  Read Replies (1) | Respond to of 27968
 
WATCH CNBC AT 4:50PMET!

I am not sure, but I think they will do a report on my son's Student Stock Contest. If they do..they may mention FAMH. I highly doubt it but..there is a very slight chance.

FAMH won't move..we are stuck. There are tons of bullish signs..people are buying, but the stock keeps falling. I am buying all of the shares I can under 1/2.

Jon



To: JIN CHUN who wrote (5592)3/9/1998 4:28:00 PM
From: Prophet  Read Replies (2) | Respond to of 27968
 
Jin, the 450,000 shares re-purchased worries me a bit. They plan to buy back around 4,000,000 shares. 450,000 shares is around $135K
assuming they were smart and bought the shares around .30/share.

FAMH has $2 million in cash. Why wouldn't they make the purchase move now (or better yet, back then when the price was 25 cents)? Has the company outlined a time-line for purchasing the remaining 3.5 million shares? Perhaps they are waiting to first report to the SEC and then initiate a big purchase initiative to create momentum.