To: Lurker who wrote (19083 ) 5/24/1998 12:10:00 PM From: David Colvin Read Replies (1) | Respond to of 27968
"Why would this be so bad? It may be bad for the daytraders, like Pugs, Mel, etc. However, I don't give a damn about them. All they want is a spike so that they can make a quick buck. They don't care if we long shareholders get screwed by bad management." First of all I am an "investor" in FAMH because of their "advertized" fundamentals. I've said in prior postings, even if they only make $0.05 per share fully diluted net earnings in 1998 that is fine with me. With only a 20 P/E (see Jin's recent post) that would equate to a stock price of around $1 per share which is a lot higher than it is now. I'm retired, have lots of time and don't need the money. As to Pugs...I think Pugs only came here because the tonto character showed up. Since I am probably a victim of the RMIL fiasco I nearly barfed when I even saw tonto's name on a post here, much less TopCat's. If you don't believe me just go and read a few days of the OVIS thread. I am guessing that neither TopCat OR tonto own any FAMH stock but have posted here. Do you think it is for our health? I, also, don't believe Pugs owns any FAMH stock. As to Mel, I believe he only wants the stock to go up like me and is not necessarily interested in a quick flip like some probably are. As far as I'm concerned ANY bad publicity, whether it is an SEC investigation (or in the worst case a halt) is NOT going to help the image of FAMH and will only cause lurkers to stay away. In my opinion, people posting here questioning every little thing to death are only shooting themselves in the head if they want to make any profits in FAMH. I'm going to say it again...perception, people, perception. Think about it. Do you think the average investor questions every single move of Coca Cola or GE? Of course not! They have a good perception of those companies and their stock prices don't gyrate all over the place. It could actually be that we have found a gem among BB companies that is not a scam and is actually making money (they did for 19+ years), and may do even better in the future with, perhaps, some good growth along the way. This IS why I invested in FAMH. At this time, I believe the company has read all of you LOUD AND CLEAR and fully realize that every shred of future information released now or discussed in CCs will be gone over with a fine toothed comb, at least for a while. Why? Because of our current mistrust (read that bad perception) of the company and rightly so. I just wish EVERYONE would just chill out for a couple of weeks and QUIT flaming the company. GIVE THEM A CHANCE. Hopefully, in due time, all our questions WILL be answered via news releases, the release of audited financial information and CCs. Dick Lee has the right idea. If we try to support the new face FAMH is trying to put on we will be helping ourselves AND the stock price. Is this really that hard to understand? Dave