FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Jonathan Lebed who wrote (1756)	1/22/1998 10:46:00 PM
From: FawnVu	Read Replies (1) of 27968

Why reverse stock split with only 28M shares currently outstanding? I have witnessed many stocks after reverse stock split tanked down the toilet and never get up again. 28 million shares outstanding is still OK since they may need more money to finance more acquisition and thus to expanding the company. With EPS of .10, this stock is real cheap. I think the price could poetntially go up to a buck in the near term. As more acquisitions completed and SEC filing finalized, it is poised for more upturn. I think what the company meant about NASDAQ was that they will file with the SEC for compliance with recently new NASDAQ OTC BB listing requirements. To be listed in NASDAQ Small Cap, it will take quite a while for this company. If the company shows to investors that it has good fundamentals and consistent growth it will eventually get up to 5 dollars and be qualified for listing in Small Cap. This way will be better than the reverse stock split since it does not improve the fundamentals or growth of the company. There is a company Labor Ready Inc. (NASDAQ: LBOR) that has similar business to the FAMH and is now at $20 (high at 25 3/4 couple months ago). A friend of mine told me that this company was a penny stock OTC BB when it started few years ago, then got listed in NASDAQ, and gradually shot up afterwards. This type of business is very hot at present time as recent economic indicators have repeatly shown that we have a very tight labor market. With the projected 1998 EPS and aggressive expansion plan, this company could be another Labor Ready Inc. if the management does it right!! At least, it think we will have potential reward in the very near term.

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