FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Omnichrome who wrote (7636)	3/23/1998 7:13:00 PM
From: Mark[ox5]	Read Replies (1) of 27968

Omni, thanks for asking.. it made me look twice. The press release states: <<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.>> You stated: the 4:1 share exchange is based on 40M shares. Its not, its based on the 1997 average outstanding shares.. 22M or whatever.. close to that #. From 1998 standpoint that EPS will be halved, but the merger is based on 97. Doing ***********, Mark

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