FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Mr. Jens Tingleff who wrote (7620)	3/23/1998 1:49:00 PM
From: Brad	Read Replies (1) of 27968

Jens, I have good news for your feet! :-) In the FAMH press release of 3-12-98, it says... "...this Nasdaq Company brings no liabilities and a very small number of outstanding shares. Given a post-merger adjusted 1997 EPS of $.36 based solely on Firamada's earnings, and with most industry multiples currently running in the 25-35 range, we would anticipate a significant appreciation in the resultant value of Firamada's Nasdaq shares." It also mentioned... "Firamada is remarkably fortunate to find a Nasdaq Company close to being delisted, but with a stock price that has maintained substantial value despite no earnings." It sounds to me like the NASDAQ company is probably not doing much (if any) business at this point and its shareholders are not yet aware of the situation. Granted, if they were FULLY aware of everything, my guess is that they would REALLY LIKE it. But the first response could possibly be shock. That's why I think it's best for those shareholders to get the whole story in the right way, rather than getting it piece-meal. If this process is as far along as I think it is, those shareholders are probably being made aware of this merger even as we speak. I hope so because that would mean we are VERY close! :-) Just my opinion... and also bullish!! Best wishes, Brad

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