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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: arif adam who wrote (17113)5/12/1998 10:40:00 PM
From: John Fairbanks  Read Replies (1) of 27968
 
Mr. Adam, I appreciate you taking some time to drop by the thread.
I can only speak for myself here, but I would love to buy back in to
Firamada. Before I can do that there are a couple of things I must have
from you or Ira:

First I need to have a timeline stretching from October
to present showing all shares issued, shares bought back, and the
purpose for the issue of those shares. If shares are restricted I
want to know when each of those issuances become unrestricted.
If shares are used for acquisitions I want to know the earnings of
the company you are buying so I can determine for myself if I am
comfortable with the actions the company is taking.

Second, I need a commitment from you that ANY future issuances will
be announced by press release including all of the terms and purpose
exactly the way a reporting company should. I believe that such
information is absolutely critical to investors and if you want FAMH
to be taken seriously you must start conducting yourselves as a
reporting company.

Finally, I would ask that any dates which are issued in press releases
be followed, and number issued be accurate. Not only has FAMH missed
every single date in every release but the numbers stated for EPS
have been wrong as well. We received a press release announcing the
final audited number for 1997, and now we are told that the actual
number may be slightly higher?? Come on... how could the number we
were issued earlier be the "final audited number" if it can change?
Dates should especially not be issued when they are not in your
control... like stating the date the auditors will finish which is not
something FAMH can do anything about.

I want to believe in this company. My investment group held this
company for 7 months and once held as much as 255,000 shares. I
cannot continue to support this company without a response to these
items. If for any reason you think I am being unreasonable please
let me know. Even if you don't intend to provide what I ask I would
appreciate a response to this post. I am more than willing to let you
start over fresh but I expect a clear accounting of where we are and
how we got here. I think if you do this, the company can move forward
very nicely.
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