To: IRA MONAS who wrote (27417 ) 4/21/1999 10:21:00 PM From: Little Engine Read Replies (2) | Respond to of 27968
Liar Monas... O.J. got off, so I suppose anything is possible... But that is your whole defense? "I was stupid"? And all the conference calls and press releases in which you said you were telling the truth... you were lying and just "didn't know it"? I hope the judge doesn't laugh too hard... <<<<ARIF WAS PURPORTING THOSE #'S LONG BEFORE I GOT THERE.>>>> Actually, he wasn't, as anyone who ever looked at the old "investor (sucker) packet" knows. The packet showed that FAMH had a negative cash balance just before they went public. Funny, after you got there, the balance sheet magically improved. As president, you claim that: a) you had no idea whether they were making any money or not, but signed your name to very specific press releases on the earnings, b) After I pointed out that FAMH's "earnings" were impossible ( #reply-3181583 ) you blamed "Internet rumors" for people believing the press release on the earnings that you, Ira Monas, put out , and c) you backtracked on those earnings, saying (but never issuing a correction via PR) that the .06 earnings were "actually" .03 (actually, company was losing scads of money). Despite the fact that you often contradicted yourself via PR and conference call, you never "lost faith" in the company until you were fired. Despite your quick flip on the 3rd quarter numbers, you never questioned their (new) accuracy. You are claiming that Arif lied to you, then lied again, but you stood behind him anyway? Never asked to look at the books? Yeah right, scumbag. You issued PR's that the audit was done without ever seeing it? Statements that the financials were filed with Nasdaq although you didn't send them? Two different versions of the Myriad deal without ever seeing either version? My favorite: your sending out a PR calling yourself a "financial genius" without, according to you, knowing if the company had any revenues come in. If you handled the investment end of the business, why did you constantly lie about the number of outstanding shares? I sure hope Arif's lawyers don't have a tape of your conference call (3/3/98 -- #reply-3951957 ) "explaining" in detail how the workman's compensation business at FAMH was being run... despite the fact we later learned Firamada never had such a business. Who has to live with himself? Oh gee, hope I didn't give Arif's legal team any ammunition... If I were the ultimate short seller I could have retired on FAMH.