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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Little Engine who wrote (20129)5/31/1998 7:01:00 PM
From: Double Dipper   of 27968
 
LE,

I said all along that I doubted that the IRS inspected or audited FAMH's books. It was unrealistic to expect that, all they wanted to do was ensure payment was made. Bristol on the other hand - the hand with the money, did know what was going on and I believe stepped in just the way you suggested. I believe that the company is still buying time to become profitable and if they can survive this year they should make it. That is, turn a profit on Myriad and the smaller staffing companies. Myriad has revenue with little profit margin, the small companies have larger profit margins. IRA's plan, according to what he told me, was to have one company with a large revenue base supported by several smaller companies with smaller revenues but higher profit margins.

I believe it all had to come together and the company needed to survive past the first couple of quarters to prove itself.

Kevin
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