To: Brad who wrote (15707 ) 5/7/1998 4:34:00 PM From: Gary Smith Read Replies (4) | Respond to of 27968
Don't agree w/ you on this one Brad, suggesting that Forrest sell if he wasn't comfortable. All, think about it, most everybody here is uncomfortable. I've been as positive and constructive as most and never criticized the stock or Ira. But I am beaten down, too, and can't rebound happily on today's news. I wouldn't buy more today for the first time because the company has drained me. But, think about this scenario, all. Today was as fine a press release as has been issued. Ira even humbly admitted he made a mistake on the time it req'd to get financials published (they should've already been done and ready). Subtly, he also apologized to us by disabusing himself of the share exchange w/ warrants idea, thereby admitting he shouldn't have considered it. Even with this good release on top of one last Friday, and in expectation of company released financials and a pro forma tomorrow, the stock went down 7%. And, Ira, the stock has slumped 42% in the last five weeks from .68. Why, because people have been disappointed repeatedly, their resilience has worn thin, as has their patience. Another reason is Ira's ill-considered mind fart, yesterday, raising the spectre of a reverse. An unwise business move and bad for morale. Tempers and confidence are problematic among shareholders, and things are precarious. He's late again w/ the Edgar posting. The stock's slipping, and what does our CEO do? Cuts a mental fart and scares off investors,throws the die hard supporters here into a frenzy, and drops the stock like a wounded duck. OUTRIGHT BONEHEADED MOVE. There can be no debate on this. It cost me $1000 today, alone, not to mention the loss of what appreciation the stock would've had w/ a good climate and today's pr.without the suicide grenade. To conclude, everyone--and any one--here has a perfectly justified right to be uncomfortable and to let it out. Some complaining is deserved. The answer is not to give the standard retort, "Sell if you're not comfortable." With all due respect, another alternative would be for Ira and Arif to make astute decisions and to execute a business plan flawlessly and with finesse and diplomacy. That would mean doing what you say you're going to do when you say you're going to do it, and not throwing out suicide ideas like an RS. I'm not believing this. FAMH shoud be at least $2.50 minimum, and people are shooting themselves in alternate feet--repeatedly. Enough is enough. Let's see visionary and productive leadership that rewards the shareholder, and that means: 1. Buying back shares--immediately 2. No more increase in the outstanding shares 3. Merger with a NASDAQ shell 4. On time delivery--of everything. All of the above in respect and for the good of the shareholders and company and IMHO. Gary, still w/ all my shares