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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Brad who wrote (2048)1/27/1998 8:08:00 PM
From: Dave Shares  Read Replies (1) of 27968
 
I can certainly understand how difficult it can be to field the same questions from many different people.

I am not one to ask a lot of questions at this point, because most of my questions will be answered when we see some audited financial statements from the company. Until that happens, all we are doing is guessing and guessing and speculating and wasting a lot of time and energy.

I truly hope that the company will do its part in getting its financials out there as has been committed to happening on or around February 1st. I want to see AUDITED financial statements because then we will all know that they have been reviewed by an independent accountant, and the company will then be truly accountable.

It has been stated earlier that it is important to know the terms of the overseas financing. I agree, as if there are convertible securities involved, this could impose future dilution to a large scale. I would hope that the terms of this credit line would be disclosed by the company in the near future, it would be reassuring for that to happen.

In closing, I would simply say that I remain patient and optimistic, but I carry a message that I would like to share with those on this thread and Mr. Monas... I believe that Mr. Monas has stated that FAMH seeks to be listed on NASDAQ or AMEX. If that is the case, I would strongly suggest that the company endeavor to conduct itself like a company which is listed on NASDAQ or AMEX by fully disclosing its financial statements and financial condition to the public.

Conference calls and promotions are great, but if you want to play in the big league, you've got to be ready to operate like you're in the big league from a financial reporting standpoint.

Enough said, sorry to be so long winded.

David
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