FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Andrew H who wrote (2116)	1/28/1998 3:56:00 PM
From: Andrew H	Read Replies (2) of 27968

>>Something else is very interesting. According to Brad's post, FAMH just bought Myriad for 2.5M shares plus 350K cash plus assumption of 1.8M in debt. that works out to roughly $2.8M. This is for a company that is expected to have 60M in sales in 1998 and earned an after tax profit of $1.8M in 1997. This seems just too good to be true.<< Sorry made a mistake--assumed debt was only 1.5M, so total acquisition cost was roughly $2.5M rather than the $2.8M I stated. Even more phenomenal. Either Ira is a business genius or something is not 100% kosher.

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