To: Double Dipper who wrote (8744 ) 3/28/1998 8:38:00 AM From: tonto Read Replies (2) | Respond to of 27968
I have followed FAMH for the last 5 months and am not surprised by the releases yesterday. Ira has always been a concern of mine after one of his conference calls. Your company put out a release regarding a merger letter of intent having been signed, and the other party disputed that and FAMH has corrected their earlier release to reflect the fact the the other party has not signed an agreement. Some place extraordinary faith in Ira. A good businessman would never make that mistake, period. A good businessman would never issue a mutual release without approval from the other company that is becoming their partner, period. A good businessman would not say analysts have already commented on what a brilliant move that is. Note the plural regarding analysts. Much bickering will take place over this unfortunate incident, hypothesis will be giving as to "what really took place", but there are some verifiable facts that the company can back up from their release. Provide the names of the analysts. Very simple request that will take no effort on their part to disclose. In fact, if this is the case, I am sure others in the office are aware of this, in case Ira for some reason is not available. Call those analysts and get more detail from them, and why they cover the company. Which deals has Ira completed and where is the verifiable information? As a group you have the ability to truly analyze this situation and get some verifiable answers before the market opens. It is always in your best interest to do so. Work together, not against each other. Whatever information surfaces will do so any ways and it is to one's advantage to know it as early as possible. This was not a brilliant move by any means yesterday and caution is a consideration. Good Luck. (Jane, love your sign-offs)