FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Wink who wrote (7633)	3/23/1998 2:29:00 PM
From: Omnichrome	Read Replies (2) of 27968

Wink, I had come up with an $.18 figure based on assumptions and reading between the lines, but figured I may have been missing something. But this paragraph from the press release leaves no room for guessing. <<Firamada said its 1997 revenues will be the sole basis for calculating the post-merger EPS. Based on its pre-merger EPS of $0.1085 for 1997, and the proposed 11.97 million post-merger total number of shares, the new EPS calculation for a NASDAQ-listed Firamada company would be about $0.36.>> Adds up to $4.3M Net after taxes. I think someone at the company forgot that last years EPS was based on 20M shares and the 4:1 share exchange is based on 40M shares. Doesn't compute. Be careful out there.

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