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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Mackie who wrote (17704)5/15/1998 3:51:00 PM
From: carolm  Read Replies (2) of 27968
 
To: JIN CHUN (63 )
From: carol mcIntosh
Friday, May 15 1998 2:54PM ET
Reply # of 64

I spoke with someone, too, who said that the old firm finished the '97 books, but a new firm has been hired in
Houston which is larger and more centralized to their core operations. The N.Y. firm did not have any offices
west of the Mississippi.

I also learned that they are in the process of hiring a COO, since they have outgrown their controllers and need
someone to oversee and manage all the financial information.

The SEC often questions how numbers are derived. When FAMH became the producers of MD they inherited
an extensive tape library of his work. The SEC has to agree with them as to how to value assets like that. When
it's all agreed, then Edgar will have the final numbers. Anything preliminary to Edgar is subject to change over
this question time period.

Carol
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