FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Buckeye who wrote (3051)	2/11/1998 2:01:00 PM
From: Little Engine	Read Replies (3) of 27968

I'm curious about why the investor's packet included financial numbers from 12/95 as comparison to the 6/97 numbers. Why not 12/96? Didn't they do an internal audit then? Talk about comparing apples and oranges... It's also interesting to see the cash deficit, long-term debt, and low net worth of the company at the end of 1995. It looks like a company that was losing money... and now we are to believe it makes more money than everyone else? Sure, Ira. It seems possible that the $2 million or so proceeds from the IPO were raised to pay off debts, perhaps even to keep the company from going under. Is this a good reason to go public?

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