FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: CO who wrote (7686)	3/23/1998 9:58:00 PM
From: HRGuy	Read Replies (1) of 27968

Buster Using 6 million shares just doesn't seem right. See if you can follow my logic, using the numbers in the press release 1997 FAMH EPS = .1085 Current outstanding shares FAMH = 40 million New Nasdaq FAMH EPS = .36 New Nasdaq FAMH Outstanding Shares = 11.97 million EPS = Earnings/Outstanding Shares or Earnings = EPS * Outstanding Shares Both Earnings assumptions should be the same, therefore .1085 * 40,000,000 = .36 * 11,970,000 $4,340,000 = $4,309,200 Not too far off, but what I have a problem with is the fact that they are applying the .1085 EPS to newly issued shares. Now I see why your math actually works its basically making the same assumption. Note this doesn't account for the buyback nor is it out of the realm of possibility that FAMH without this reverse merger could have an EPS of .1085 for 1998. Boy I hate posting this but as my boss always says the numbers will set you free. Lets be more honest with our assumptions IRA!!! CJ

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