FAMH gallery of bogus press releases.....
<<<NEW YORK, Aug. 28 /PRNewswire/ The company plans to
open an office in Miami by November 1, 1997....
Firamada has offices throughout Texas, as well as sites in St. Louis, Missouri; Phoenix, Arizona; and New York....>>>
Miami office still is not open. And this, Brad, is where I got the idea that FAMH had an office in St Louis... the company said they had one there.
<<<NEW YORK, Sept. 29 /PRNewswire/ -- FiraMada Inc. (OTC Bulletin Board: FAMH) today reached an agreement in principal with Investment Banking Firm Alexander, Wescott & Company, Inc. Wescott will handle all financing underwriting concerns for FiraMada for a minimum period of 2 years.>>>
So much for the two-year agreement.
<<<NEW YORK, Oct. 23 /PRNewswire/ --
Arif Adams, CEO, and Ira A. Monas, President, project 4th quarter
earnings to be in the vicinity of $.09 per share.>>>>
Not even close to the vicinity... See Nov. 24 release below. Their earnings projections cannot be trusted.
<<<<NEW YORK, Oct. 31 /PRNewswire/ -- Firamada (OTC Bulletin Board: FAMH) announces today an agreement in principal with Tech Support of California, to acquire their company. This acquisition will add approximately 4.5 million dollars in sales to Firamada.
Ira A. Monas, president, states that financing for the acquisition, as
well as others, is currently in place.
Tech Support specializes in the Temp and Permanent staffing of High-End computer programmers and engineers.
In conjunction with their investment bankers, Alexander, Wescott & Co., Inc., management feels they have the necessary backing to complete a slew of acquisitions.>>>
So they agreed on the price. The financing was in place. It's March, and the deal isn't done yet.
<<<NEW YORK, Nov. 24 /PRNewswire/ -- Firamada, Inc. (OTC Bulletin Board: FAMH)
....Furthermore, earnings for the 3rd quarter of this year were $.06 per share thus creating a YTD of $.12 per share.>>>>
Earnings weren't even close to $.06 per share... later said to be $.03 per share.
<<<<NEW YORK, Jan. 7 /PRNewswire/ -- Ira A. Monas, President of Firamada, Inc. (OTC Bulletin Board: FAMH) has recently announced the signing of a letter of intent to acquire the assets of Myraid Employment Services, Inc., an Employee Leasing Firm based in Long Beach, California for cash and stock. This acquisition has been talked about in the financial community as probably one of the most "David and Goliath Transactions of Recent Memory." 1997 sales for
Myraid were 60 million dollars.>>>>
The Myriad deal is yet to be done. The release makes no mention of the $1.5 MM assumption of debt, which turned out to be the biggest part of the transaction by far. Sales for Myriad in 1997 are said to be $60 million dollars.
<<<<NEW YORK, Jan. 27 /PRNewswire/ -- Firamada, Inc.
(OTC Bulletin Board: FAMH). Ira A. Monas, President of Firamada announced today the agreement to purchase Myriad Employment Services, Inc., a company based in Long Beach, Ca., for a combination of 2.5 million shares of Firamada stock, cash and assumption of debt. Myriad an employee leasing concern according to the company has audited sales of 45 million dollars, along with new contracts that will boost revenues over 60 million dollars.
In addition, Mr. Monas stated that Firamada has obtained a credit facility with a European financial concern in the amount of 25 million dollars in order to further its acquisition mode.>>>>
Assumption of debt finally mentioned. Myriad just lost $15 million in sales as 1997 figures are knocked down to $45 million. The mysterious "European financial concern"" is mentioned for the first time.
<<<<NEW YORK, Feb. 17 /PRNewswire/ -- It was reported today that Firamada would announce its corporate earnings for 1997 on its newly established announcement date of March 1, 1998 and every March there after.
President, Ira A. Monas, has expressed that due to the Myriad acquisition as well as other considered acquisitions, and preparing to file Form 10 with the SEC to become a fully reporting company, it became necessary to push back the originally reported date.
An announcement will be made on Monday, February 23 at 10:00 a.m. EST, as far as the breakdown on how the corporate hierarchy of Firamada arises at its profit numbers of approximately $.11 per share for 1997.>>>>
Due to the Myriad acquisition, which didn't occur... the very specifically promised Feb. 23 announcement never happened. We are still waiting on that one.
<<<<NEW YORK, March 3 /PRNewswire/ -- Firamada Inc. (OTC Bulletin Board: FAMH) announced today the audited financials for 1997 are complete. Within a few days this documentation will be released to the public concurrently with the filing of form SB-2 with the SEC in order to take the initial steps to be classified as a reporting company.
Firamada is pleased to report to its shareholders the final audited EPSfor 1997 is $.1085 per share.>>>
"Within a few days"... LOL. Is this audited EPS diluted or undiluted? |
