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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Brad who wrote (11607)4/9/1998 7:57:00 PM
From: Warthog  Read Replies (2) of 27968
 
Brad,

In your estimate, you estimate 3 million for selling off ATXI.
ATXI has 1.5 million shares, that gives a fair value of $2.00
a share for ATXI, which implies 50 cents a share for FAMH at
4 to 1.

One other thing that confuses me, at the time of the share
buyback (2/25/98) announcement there were 40 million shares of
FAMH. Suppose 4 Million were bought back, leaves 36 million
shares..and now there are 45 million shares. An increase of
9 million shares, which should reduce the EPS.

what am I missing??

thanks
collin
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