FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: BCfan who wrote (17525)	5/14/1998 2:02:00 PM
From: Little Engine	Read Replies (1) of 27968

<<<The company is profitable, the IRS has seen the FAMH financials to allow the Myriad acquisition, MY2CENTS posted 3-4 websites with Firamada's job postings, Morton Downey is going to happen in June.... The company is for real.>>>> Well, "for real" has a lot of meanings. There is no way to know if the company is profitable, except taking Ira's word for things, which has cost people a lot of money. Since, according to Arif, the new shares were issued for the "line of credit" to acquire Myriad... why would the IRS even need to see the financials? FAMH sells about 30MM shares to Bristol Capital, puts $5 million in escrow for the IRS debt and keeps the rest. Looks great on the balance sheet for 1998 -- cash increases without increasing debt. FAMH stock count goes from 24 million to 53 million... with Bristol owning 29 million shares. If they come to the conclusion anything funny is going on with FAMH... they move in and replace management. Pretty risk-free for Bristol, I would say. And the IRS. L.E. P.S. Jin, I have to admire the way you have stuck to (and posted) your convictions while certain hypesters ran... and will no doubt resurface once this thing hits .40 again. Not that I think it will stick over .50 in the next few months, financials or not.

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