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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Omnichrome who wrote (7636)3/23/1998 3:05:00 PM
From: CO  Read Replies (1) of 27968
 
Omnichrome, The 1997 .36 eps (POST merger) makes sense to me.

FAMH has an eps of 10.85› eps on the weighted average of outstanding shares for 1997. If you take the 10.85› and multiple it by 4 = 43.4›.

The 1997 eps for FAMH after a 4 to 1 share exchange would then be 43.5›. Now you have to factor in the number of outstanding shares that the NASDAQ company has outstanding, which is roughly 1.4 million. That is what gives FAMH a 1997 .36 eps instead of the 43.4› eps it would otherwise have with just a 4 to 1 share exchange.

Cheryl

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