Cat-fan, once Myriad becomes a division of Firamada proper, they will be under the direct supervision of Firamada inc. If my memory is correct, I believe only one main principal from Myriad is being retained, only because he is well versed in the business and only on an industry standard compensation structure. The details about the lien, or which principles were named from Myriad have not been available, so the question, or rather preposterous assumption by another that the same "crooks" are still in may be a moot point. I posted about 6000 posts ago details from the original letter of intent drawn by Firamada's legal counsel which outlined the stipulations for a full and complete audit of Myriad's books. It seems to me to a direct indication that the company is profitable for the acquisition to continue. From what we have been told, Myriad operated at a net margin of around 4 percent, which is in line with industry averages. If, as per the CC, their lease base has increased from 5000 to 6500( 30 percent ), and if there are others waiting only for their lien to be settled by the acquisition, then I believe that they should bring in a conservative $2.3 to $2.6MM in net profits. On the outside, that's something around a conservative .20 eps. Looking back at a previous CC where Ira had stated a goal for a minimum eps of .20 on 40MM shares of FAMH premerger, it looks as if we will get there and then some.
Jin. |
