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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: STEVE G who wrote (964)1/9/1998 12:55:00 PM
From: Lurker  Read Replies (4) of 27968
 
<<Also we have no idea if Myraid is profitable or ever was!!! It may
be a while before we see any bottom line from Myraid .>>

I think this is an important point. Firamada has concentrated on executive placement which is very profitable. Long Beach is a blue collar town. It is the factory section of Los Angeles County. Myraid may have a high volume of business with little or no profit.
Maybe that is why the owner(s) were willing to sell it and Firamada is willing to buy it. Ira figures he can take his expertise and make the company profitable.
Without audited Financials, the price of this stock will do very little. That is the only thing that matters right now. Everything else is hype.
I, myself, am in at .22. I am happy with a nice 75% profit in 2 months (bid = .38). I expect a nice rise to > .75 by the end of the year. All this talk about 1.50, 3.50, etc. is just hype.
Thank you, Cheryl, for all of your hard work. Since you have dealt with the PR company more than any of us, would you please let us know what you think of the new PR company over the course of time? Thanks.
Does anyone know who the auditing firm is? Is it customary to make this public or keep it secret?

Thanks.
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