To: Anthony Darmanin who wrote (18064 ) 5/20/1998 12:12:00 AM From: Dick Lee Read Replies (1) | Respond to of 27968
Tony. I posted many times on the CSGC thread on aol for a long period of time. We had an individual there who owned no stock, called most of us who posted constructive stuff, liars and hyprocrites. It was unreal. LE in comparison to this other individual is a breath of fresh air. I can understand why he rubs Ira the wrong way, he's very direct and does not consider how the other person might react to his message with the his given delivery package. He has not yet mastered the art of delivering bad news positively. That's OK, if he is bright and has contrarian views, let's hear them. If he's right, let's package the message in a more palatable form. He says management doesn't live up to their commitments. Well guess what, LE's right some of the time, they haven't all the time and until Arif and Ira recognize that they must deliver every time, on time, it is going to have a negative impact (see my post 17953, page 2, items 1 though 8) on FAMH's value (we are going to see an undervalued stock). I don't think it is OK for the CEO to state there are 46 million shares outstanding and all are fully excercisable (I maybe quoting Arif incorrectly here), when we know that a significant percentage are restricted. To come back later through somebody else and state, oops, is not OK. The CEO should know better and I am sure he does, but in the heat of battle, you don't really think through the message being delivered and boom, more damage is done. That's why I want a "Street Smart" executive VP and CFO. I would encourage LE to invest because I don't see this stock going any lower. If it's going to go to $5, $10, $20, which I firmly believe it will, why wouldn't you? Perhaps we should ask LE why he wouldn't invest now?? Because it's going to go lower yet? Why??? Numbers don't meet our expectations? If so, we have a different ball game on our hands. Looking to build FAMH Value, Dick