<<The commentary I am going to make is intended solely for the real FAMH family
members who own our company and intend to stay as owners.>>
I used to be one of these. I had planned to own FAMH for a long time. However, if a miracle happens and FAMH ever tells the truth and it wasn't really all lies before, the price will go up and I will get out. Until then, I will remind people what liars they are.
<<I wish there was a
way I could filter out those on the thread who for whatever their purpose is, don't
own FAMH stock but continue to spend countless hours bashing it and
discouraging shareholders through a relentless campaign of negativism, innuendos,
half-truths, and sometimes outright lies.>>
In other words, you would filter out all of FAMH's pr releases and conference calls?
<<Their unending negative campaigns against
our company amounts to nothing more than an attack on my person since they are
bashing my company and my family's future security in our investment. This said, I
decided to speak up.>>
Those of us who refuse to stop telling the truth haven't done squat to you. It is the liars at FAMH that have screwed you.
<<I do own a large quantity of dgiv shares. I also own a large quantity of FAMH- to
be exact- 550,000 shares. As many of you, I have also been dismayed in the past
over some of the antics of FAMH and its management and the concommitant drop
in share price. Also like many of you I paid significantly more than the current share
price although I have been buying in since the drop as well.>>
I have trouble believing this. I have only 20,000 shares and am pissed off big time. If I had invested (and lost) as much as you, I would track down Arif Adam personally and demand the answers I want. I would have a lawsuit, not only against FAMH, but against Arif Adam and Ira Monas, also. Hell, until I got all the answers, I would even personally picket FAMH's biggest office and tell all there potential clients/workers how untrustworthy they are.
<<So, here's my spin on FAMH for what's it's worth. At least you're hearing it from a
guy who has been a VERY LONG term FAMH investor and who owns a sizeable
number of shares.>>
I don't want "spin." I want facts. "Spin" is just another word for propaganda.
<< 1. I believe in our company.>>
Hallelujah!
<< 2. I believe in what they are doing and anticipate to do to increase shareholder
value.>>
As President Clinton said when He ran for president the first time, "Only an insane person keeps doing the same thing over and over expecting a different result."
<< 3. I am in agreement with many that Ira was a loser and the company needed to get
rid of him.>>
How do we know? We have no idea how much Ira was compensated. We have no idea how many shares he was given. It is more likely that he was just a paid shill (like you?) hired to keep up the stock price while Arif got and sold many shares. They could both be laughing all the way to the bank.
<< 4. There may be some legitimate concerns about Arif as well but I think he does
want to build the company and to erase the mistakes of the past and this is clearly
indicated by the new management team he ans the B of D's has put in place.>>
There is a legitimate concern that Arif doesn't own any shares at all. There is a legitimate concern that he got and sold 40 million shares to build one hell of a retirement fund. After all, he has built it up for 19 years. Instead of selling it for 2 or 3 million dollars, why not get 10-20 million dollars through this legal stock scam.
<< 5. The new management team that, operationally, will run the company are not
Arif's stooges. They are professional business people with outstanding backgrounds
who will quit the second they are not allowed to run the company the way they see
fit.>>
How do we know that? That is exactly what everyone said about Ira? How do we know that they are not just a new set of liars? after all, there is still another 30 million shares to dump on the public.
<< 6. Mistakes have clearly been made in the past and I'm afraid will continue to be
made. I don't know of any company or person who doesn't make mistakes.>>
Mistakes are like when you file something in the wrong drawer or like when you produce too many widgets. They intentionally lied and they intentionally deceived we shareholders. They intentionally lied to us to keep the share price up so that they could make more money dumping shares.
<< 7. The MDS was a mistake. The company realizes it and has decided not to move
forward on this venture. They rightfully have decided to concentrate on their core
business- employment.>>
Agree.
<< 8. Despite public opinion to the contrary, I have not lost one bit of faith in the future
of Firamada.>>
Hallelujah, he believes!
<< 9. The Internet, while serving as one of the few sources of information on bulletin
board stocks, unfortunately, contains low quality information and content at best,
rumor, speculation, sometimes just out-and-out ignorance. Sadly, many people
believe the nonsense on these threads as gospel. They make investment decisions to
buy or sell based on innuendo, hypotheticals, and baseless speculation by people
they don't even know and do not know what their purpose is.>>
I agree. I believed all of FAMH's lying press releases on the internet. The internet allowed FAMH to carry on its scam in a more efficient manner.
<< 10. Personally, I find the conference calls an outstanding tool to disseminate
accurate information to the public. You may not always like what you hear (eg. the
NY shambles) but at least its forthright and from the source. I ask you this question:
How many other companies in the world, big or small, are willing to face investor
questions in a public forum on a weekly basis. This is quite unique and quite
outstanding.>>
THE CC's are just another form of PR. There are only 2 questions that FAMH needs to answer:
1. Show us the 1997 financials.
2. Who/Where did all the shares go to.
Anything else they say is just to distract us. They REFUSE to answer these 2 questions.
<< Most companies would just avoid the negatives but FAMH is trying to
put forth its best effort to establish the fact that yes there have been problems and
yes here's what we're doing to try to fix them.>>
Most companies publish their 10K's.
<< Do they have all the answers today?
Of course not. But I believe they're trying and I believe they're going to be
successful.>>
Yes, they do have the 2 answers above and they refuse to give them. All that they are trying to do is keep this info secret, probably to maximize the money they can get from dumping their shares.
<< 11. I don't know what more anyone can ask but that the management team from a
sales, marketing, and financial standpoint is addressing the issues in front of them
and they have clearly set strategies and action plans in place to move the business
forward.>>
Why do they refuse to answer the only 2 important questions?
<< I am a professional businessman (having worked for three of the largest
companies in the world), a college professor of marketing, a law school graduate,
an MBA holder, and a past State Trooper. This said, I am and I remain confident
that FAMH is acting in good faith and will move to correct the ills of the past and
build a solid future for the company and it's shareholders.>>
You are a funny person. I can just see you at work:
(dgivinvestor - da state trooper) "You are under arrest for molesting that child!"
(child molester) "Gee officer, I see what a mistake it was to molest that kid. I promise never to do it again."
(dgivinvestor - da state trooper) "Well, hell, in that case I'll let you go. I have faith in you."
<< 12. From where I stand, this is just a bulletin board company and I don't expect it
to be IBM.>>
Only CEOs of listed stocks are required to tell the truth?
<< But, I am satisfied and I congratulate the top management team for
developing and outling what appears to be an outstanding strategic plan for
long-term growth of revenues, profits, and ultimately shareholder value. I can't ask
for anything more.>>
I am not satisfied and I DO ask them to answer those 2 important questions.
<< 13. Although I believe FAMH management should be responsive to us
shareholders, I believe the proof is the pudding. Actions mean more than words.>>
Exactly! And they refuse to answer THE 2 important questions. THAT is their action. That is their proof. That is their pudding.
<< So, I want to see them acting on their strategies and moving the company forward
over the next several years. I have suggested to them that while they need to be
responsive, they also need to put their noses to the grindstone, identify the problems
and opportunities, set their objectives, strategies, and tactics, and then follow
through on them to build shareholder value over time.>>
Why is the "new" management unable to post the 1997 financials and a list of where the 50 million share went? This should take less than a day. They are either:
1. Very, very stupid and don't know how to put out a press release.
or
2. They want to continue to keep these (known to them) facts secret.
<< I'm more concerned about
that than about whether or not you or me like what they say or don't say. I'm not in
this for worthless babble or chatter.>>
You're not here for their pr releases and conference calls (which are worthless babble and chatter)?
<< I'm here to make money and I intend to with
FAMH and my other investments.>>
Then you came to the wrong place. Every month that goes by shows what a scam FAMH is.
<< So, I'm for building the company not responding
to every nitpicking shareholder who doesn't know anything about the company and
what it's doing. Many of you must be great Monday morning quarterbacks. You're
just great at second guessing every move they make. I often wonder how many of
you have run a multimillion dollar business?>>
But, many of us know how to tell the difference between lies and the truth. You seem to have great diffulty in this area.
<< My personal advice to each of you for the holiday weekend is to stop paying
attention to people who don't even own our company and for some unknown and
bizarre reason (perhaps know only to them) continue to bash and denigrate our
company.>>
My persoanl advice to anyone is to not buy a single share of FAMH until the above 2 questions are answered. Until then, it is foolish to buy any shares.
<< For all you people who actually own our company, stop worrying so
much. All is going to work out in the long run. If you were looking for an instant
loterry winner, FAMH is not going to be it.>>
We should have expected a quick drop from .455 to around .20? What kind of investing is that?
<< Sell out if you fall into this category. But
if you're looking for a solid, slow, long-term growth winner, I think you found the
right place. All I can say is you got to have patience if you want to make money.
The big jackpots are few and very far between.??
Most of your thoughts have been wrong so far.
<< I wish all you long-term FAMH'ers the best of luck and hope you all hang in there. I
am.>>
Do we have a choice?
<< PS The only advice I can give to anyone who doesn't like the company, it's
management, or what they're doing, sell your stock. Even if you take a loss, it's
better than staying invested in something that you think is going to get even worse or
that you don't feel comfortable with. There's thousands of other investments you can
put your money in. I guess what I am saying is: There is no magic wand to correct
everything from the past and make it all nice and wonderful overnight. It takes time.>>
It would take less than a day to answer the 2 important questions.
<< Because of this, our share price is not going anywhere in the near future. That's the
reality and you either have to face it or get out.>>
Bzzzzt, wrong! The share price will stay low and keep going downward until the 2 above questions are answered.
<< Complaining, bitching, and
badmouthing everything is NOT going to fix anything but create more anxiety, fear,
distrust, and investor uneasiness. >>
Until the 2 above questions are answered, any investor should fear this stock. It is probably a scam guaranteed to lose you money.
Lurker
(This message is too long and I am to lazy to correct the spelling mistakes.) |
