Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (6095)	3/13/1998 12:24:00 AM
From: Little Engine	Read Replies (1) \| Respond to of 27968

So much for banning any reverse splits... no Jin, not a "run of the mill" reverse split, a fancy one! And people are falling for it! LOL! Turning four shares of stock into one sounds like a reverse split to me. Maybe I've got the definition wrong. And how did the earnings slide so quick? Nine cents a share now? I wonder what next week's excuse for having no audit would be? The auditing firm's building burned down? Let's see... 4.5 cents a share EPS on current shares (9 cents on 20 million shares, but 40 MM shares now) gives us a p/e of over ten. Fifty cents seems about right. Expect the usual run-up at the bell as the MM's skin the new batch of shareholders, followed by the usual long downward slide as details come out... or fail to. Can someone point out to me why the financials (which were supposedly done per their earlier release) could not be printed while they were in these negotiations? Is it illegal to do two things at once (or to get one thing completed)?

To: JIN CHUN who wrote (6095)	3/13/1998 9:18:00 AM
From: Jamie Orr	Read Replies (2) \| Respond to of 27968

Jin, You asked for a fair valuation, and my answer is I don't know. That's why this stock could easily go in either direction. When I first invested in November, I thought it was quite easy to project the future price. Assuming a very conservative PE of 5 to 10, the price should have risen to somewhere between .60 and 1.20 even if the fourth quarter earnings had been zero. But I never considered that the president of the company had inflated third quarter earnings by 100%. You're now using the same logic to predict the share price that I used months ago. That is you're basing your numbers on Ira's figures. That method didn't work last November, so I certainly wouldn't apply it now. Jamie Orr