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


To: Mr. Jens Tingleff who wrote (7620)3/23/1998 1:33:00 PM
From: Double Dipper  Respond to of 27968
 
Jens,

I averaged up twice today at these bargain prices and would
buy the new company if I knew its identity. At, least I'm
honest about it. It's probably a good thing I don't know it
because my account is pretty FAMH lopsided at this point.

Kevin



To: Mr. Jens Tingleff who wrote (7620)3/23/1998 1:37:00 PM
From: Roo  Read Replies (1) | Respond to of 27968
 
Hi Jens, good to see you here as well. IMO, one very good reason for not publicly disclosing the target co. is because for every stock like this, there are those who would prefer that the stock not succeed (if you catch my drift). For those individuals and organizations, there is no limit to the lengths they will go to in order to derail ANY plan that would prove beneficial to the stock. If the target were to be disclosed, those individuals/organizations would then be given a crack at disrupting or even destroying chances for success of the negotiations. Methods of disruption may be something sophisticated such as cash buyout offers, or may be coarse and undisciplined such as a telephone harrassment campaign that leaves management of the target believing they are making a mistake by going through with the merge because there appears to be undesirable baggage.

In any case, this is all my opinion only, but is an opinion that has me comfortable with waiting the short period of time indicated by the company for completion of the deal.

br
ROO



To: Mr. Jens Tingleff who wrote (7620)3/23/1998 1:49:00 PM
From: Brad  Read Replies (1) | Respond to of 27968
 
Jens, I have good news for your feet! :-) In the FAMH press release of 3-12-98, it says...

"...this Nasdaq Company brings no liabilities and a very small number of outstanding shares. Given a post-merger adjusted 1997 EPS of $.36 based solely on Firamada's earnings, and with most industry multiples currently running in the 25-35 range, we would anticipate a significant appreciation in the resultant value of Firamada's Nasdaq shares."

It also mentioned...
"Firamada is remarkably fortunate to find a Nasdaq Company close to being delisted, but with a stock price that has maintained substantial value despite no earnings."

It sounds to me like the NASDAQ company is probably not doing much (if any) business at this point and its shareholders are not yet aware of the situation. Granted, if they were FULLY aware of everything, my guess is that they would REALLY LIKE it. But the first response could possibly be shock.

That's why I think it's best for those shareholders to get the whole story in the right way, rather than getting it piece-meal.

If this process is as far along as I think it is, those shareholders are probably being made aware of this merger even as we speak. I hope so because that would mean we are VERY close! :-)

Just my opinion... and also bullish!!

Best wishes,
Brad