FWIW,
Pugs
>>>>>
: $5 and Under : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: RBM (47105 )
From: Pugs Saturday, May 16 1998 12:41AM ET
Reply # of 47109
For Daddy Bigs,...in reference to an individual who posts on both
threads with the same intent;
>>>>>
>>Only 41% of the days trades are amongst investors, The rest--59%--is
market makers trading among
themselves,
>>known as "the churn." Double- and triple-counting volume achieves a
couple!
>> of things. It creates the illusion of liquidity in a stock. It also
explains
>>why a single day's trading in a Nasdaq stock may represent a major
part of
>its
>>float. Not a big turnover in ownership but simply trading the same
shares
>>several times in the day may have accounted for the bulk of the
action.
Next
>>we will give another sample how bad market makers can be.
>>
>>Q: Some people are questioning FAMH on SI board. Can you go through
posts
>and
>>answer some questions? Why are some people spending so much time on
>bashing a
>>stock without any rationale?
>>A: No, we can't. We went through some posts on SI board about FAMH. We
>>really don't see a lot of useful information regarding FAMH.
Basically,
two
>>types of people are often bashing a stock without any rationale. We
need
to
>>be very careful. First, as the Internet has become very popular in
>exchanging
>>information among individual investors. Some MMs are taking advantage
of
it
>>by hiring Internet representatives in order to mislead investors. We
call
>>"dump and pump" on the Street ("pump and dump" means paid brokers and
MMs
>>manipulate stock price, currently it has been banned by the SEC). They
>target
>>some profitable OTC BB companies (less than 2.5% of OTC BB companies
are
>>profitable), as they know the price will go up anyway. These Internet
>>representatives disseminate baseless rumors about a company, twist
facts
>about
>>a stock, or confuse investors by asking some questions that nobody
>>understands. They are spending several hours a day on bashing a stock.
>They
>>often use s!
>>ome works very often like scam, mob, unknown number of issued shares,
Reg
S,
>>personal attack, non-reporting, and so on to scare some investors.
Then,
MMs
>>short the stock, drop the tick, and cause panic selling. Thus, they
can
>>cover their shorting positions and increase their inventories for the
>uprising
>>price. When we read some posts by several people, we found they just
don't
>>know what they are talking. It is so amusing that they act like a pro
or
>>investor! They stated something like " EPS is meaningless if we don't
know
>>the outstanding shares". EPS means earnings per share, it don't matter
how
>>many outstanding shares are. The SEC is investigating this kind of
practice
>>and will have a ruling on it. If you know these people, please send us
their
>>e-mail addressed or where they show up, we will track them down and
file a
>>list for the SEC investigation. Also, we need it in case we may want
to
file
>>a class lawsuit against their MMs and their Internet representatives
afte!
>>r the SEC ruling. Second, we heard that a head of a group of
daytraders
>>requested some information about when FAMH will release news regarding
>closing
>>Myriad deal when he interviewed Mr. Monas. When Mr. Monas refused to
do,
so
>>as required by the SEC rules, He cried for a foul. Since then he
called
>FAMH
>>a scam, though he even made some money on FAMH. His members have been
going
>>over the Internet, calling FAMH a scam. We advise our reader always do
your
>>own research, such as visiting company, calling management, and so on.
Thus,
>>you know what you are investing and won't be panic when stock price is
down.
>>Also, you would know when it's time to take some profits.
>>
>>Q: Should I average down by taking advantage of this opportunity?
>>A: We don't advise unless you have done your own research and DD.
Sometimes,
>>averaging down is not a good idea. But only when you are very sure
that
the
>>stock you are investing is undervalued and its fundamentals are solid,
>>averaging down can increase your return tremendously. We believe FAMH
is
>>bottomed out. Technical analysis indicates FAMH is extremely oversold.
>>Further, FAMH will get more exposure in a Money Show. The Money Show
is a
>>four-day conference comprising an expansive financial products and
services
>>exhibit hall and over 200 booths and 250 FREE investment workshops,
many
>>conducted by America's top financial experts and portfolio managers.
Typical
>>attendance at a Money Show is 7,000-10,000 professional and private
>>investors. Tickets to The Money Show are $495.00 each. Speakers
included
>>Louis Rukeyser-Wall Street Week Alfred Berkley-President of Nasdaq,
Mike
>>Bloomberg-Bloomberg Financial, Lewis Levin, V.P., Microsoft, Plus 300+
>>exhibitors (FAMH is one of!
>> them)!
>>
>>Q: I heard that Mr. Adam said on SI board that free trading shares are
48
M
>>shares. Who is right?
>>A: Free trading shares are about 16M shares with about 50M outstanding
shares
>>(the number can be reduced, as FAMH has a stock buy-back program) . We
have
>>confirmed these numbers with very reliable sources.
>>
>>Contact:
>>
>>Firamada, Inc.
>>40 Wall Street, 32nd Floor
>>New York, NY 10005
>>TEL: 212-425-2168 or 888-831-2442
>>CEO: Arif Adam and President: Ira A Monas
>>Company's website will be set up soon at: firamadainc.com
>>
>>PR FIRM: Preferred Financial Marketing 310-789-1132 |
