FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: JIN CHUN who wrote (5399)	3/7/1998 9:26:00 PM
From: Lurker	of 27968

<<That aside, calling the company a scam was uncalled for. And it was here, in a public forum, for all to see.>> Uh, FAMH did lie and announce earnings for the third quarter of .06. After LE demanded to see the numbers, FAMH said that the earnings were .03 I think it is IRA that owes honest investors an apology, not LE. It will be hard to convict anyone of libeling FAMH when their news releases prove they have lied while encouraging people to buy their stock. Ira says the stock is worth $3.00. Why? Is it because a typical PE is 30? FAMH isn't typical. First, they have a history of publishing false earnings. Second, the audited figures won't take into account the Myraid aquisition. So, trepidation among investors will continue. The value of the stock is based only on what someone will pay for it. Any other figure is mythical. With FAMH's past, a PE of 3 is not rare. I think IRA is probably doing a great job building Firamada into a great company. If he would have kept his mouth shut and simply posted accurate 3rd and 4th quarter earnings and a yearly report, we probably would be around $2-$3 by now.

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