To: arif adam who wrote (17113 ) 5/12/1998 10:40:00 PM From: John Fairbanks Read Replies (1) | Respond to of 27968
Mr. Adam, I appreciate you taking some time to drop by the thread. I can only speak for myself here, but I would love to buy back in to Firamada. Before I can do that there are a couple of things I must have from you or Ira: First I need to have a timeline stretching from October to present showing all shares issued, shares bought back, and the purpose for the issue of those shares. If shares are restricted I want to know when each of those issuances become unrestricted. If shares are used for acquisitions I want to know the earnings of the company you are buying so I can determine for myself if I am comfortable with the actions the company is taking. Second, I need a commitment from you that ANY future issuances will be announced by press release including all of the terms and purpose exactly the way a reporting company should. I believe that such information is absolutely critical to investors and if you want FAMH to be taken seriously you must start conducting yourselves as a reporting company. Finally, I would ask that any dates which are issued in press releases be followed, and number issued be accurate. Not only has FAMH missed every single date in every release but the numbers stated for EPS have been wrong as well. We received a press release announcing the final audited number for 1997, and now we are told that the actual number may be slightly higher?? Come on... how could the number we were issued earlier be the "final audited number" if it can change? Dates should especially not be issued when they are not in your control... like stating the date the auditors will finish which is not something FAMH can do anything about. I want to believe in this company. My investment group held this company for 7 months and once held as much as 255,000 shares. I cannot continue to support this company without a response to these items. If for any reason you think I am being unreasonable please let me know. Even if you don't intend to provide what I ask I would appreciate a response to this post. I am more than willing to let you start over fresh but I expect a clear accounting of where we are and how we got here. I think if you do this, the company can move forward very nicely.