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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Little Engine who wrote (1546)1/17/1998 1:57:00 PM
From: John Fairbanks  Read Replies (1) of 27968
 
The only question we have is with the 3rd quarter... I'm holding in my
hand copies of the financials up through last June showing a profit
of .06 EPS. Unless they have severely lost money the last 6 months
of the year we will at least make the .02 EPS required to fully justify
the current stock price. For that matter, stock prices are a weird
thing because I paid $16/shr the other day for a company that has yet
to even turn a profit... Of course I realize that these financial
statements are unaudited, but I'm banking on the fact that I think Ira
has better things to do in the next few years than spend them in jail.

I completely agree that some of the numbers don't jive, and we've had
a change in the number of shares outstanding from 19MM to 24MM which
complicated matters because we know that at least the .06 EPS wasn't
fully dilluted. I do think though that I've seen enough to expect that
they can pull off .02, or if not, at least show enough potential for
growth to justify the price anyway.

To those who keep saying that "insiders" are selling... I'd like to
know how you know this and what you term as "insiders". If you're
simply talking about the people who participated in the 504 I hardly
consider them insiders.
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