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To: Ga Bard who wrote (5335)3/13/1998 3:27:00 AM
From: Ed Hoftell  Read Replies (1) | Respond to of 8835
 
Most of us know FAMH is out to screw its investors-----------YOU ignored my post!



To: Ga Bard who wrote (5335)3/13/1998 3:35:00 AM
From: JIN CHUN  Read Replies (3) | Respond to of 8835
 
Gabard, I am using common sense, it doesn't matter to me what the shell company is trading at. From what I understand, the shell is not doing any business at the moment, brings no liability to the table, and a small amount of assets aside from their listing. Since FAMH will have complete ownership, the symbol won't change, and neither will the company, other than that it's off the OTC. I do not think that this company has squat of a chance to be fairly valued at industry average multiples, no less than the higher multiples of companies with agressive growth agendas.

This merger is, IMO, the quickest way for shareholders and their investment to be fairly valued by the market. On the OTC? No way IMO.

I agree that most stocks fall after a reverse split, but this is not the same IMO. Most companies that do a reverse do so only because their fundamentals are either weak or non existent. FAMH is profitable, and growing, and they can easily do 80MM in sales this year. I have been in FAMH since November, and I could easily leave the table with a nice profit, but I am willing to take the chance of my investment reaching a fair valuation than lingering on the OTC.

The merger is with a shell, one that isn't doing any business. Do you really think that the market would valuate the shell the same afterwards? FAMH will remain the same fundamental company, but will have a reduced float, access to institutional coverage, and wider exposure. The shell is no longer, and I'm willing to let the market decide what FAMH should be trading at on a fairer exchange. Now, if I thought Firamada was overvalued, I would be out the door. Maybe the price will not reflect the true value initially, but I'm sure that it will soon enough after listing.

Ed, with all due respect, why? Because you say so?
Jin.



To: Ga Bard who wrote (5335)3/13/1998 4:32:00 AM
From: grw5  Read Replies (2) | Respond to of 8835
 
Gary,

Don't forget to explain about how the next step after a rev. split is almost always to issue more shares which dilute what's left "x" times as much as they would have before the rev. split.

Question? I thought the purpose of doing a rev. merger was to get an active ticker? I thought NASDAQ companies that have become so inactive and have such a low price that they are shell got delisted from NASDAQ and became OTC:BBs. FAMH is already a BB. What are they going to get if this merger happens?????????

TIA,
George