Firma Holdings Corp. (FRMA)

[Sam Dan]

The history of FRMA goes back about 20-30 years. Originally a gold play in Mexico moved from .10 to over $4.00 The original management was great at making deals but poor at developing the mining. They raised millions to build processing plants but didn't do proper assaying of ore. Turned to packaging of vegetables or selling drinks to grocery stores. Went into debt.
Current management took over the company. Is trying to get FRMA's Financials completed but Mexican cooperation is slow. New management seems to be much more focussed and competent- to say the least!!