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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Double Dipper who wrote (20680)6/10/1998 5:57:00 PM
From: Leroyt  Read Replies (1) of 27968
 
Kevin, I agree with Jin. Doesn't make sense but if the TV show is on tomorrow may have something to do with that. Largely, surprised at the size of the move given the relatively small volume. Luckily, I bought a few shares this morning before the move. Tried yesterday at 0.18 or 0.19 but missed. Truthfully, thought I would have much more time to purchase around 0.20. Still looking for verification and plans on what will happen with the outstanding shares.

FAMH appears more together than anytime in the past but I wish the outstanding share count was only 30 million up from 24 million at the end of 1997 (or supposedly so).

Unfortunately, too much of the information with this stock as proved to be illusion. It is a real company but what do we know about:
1. earnings (gross). To me, 1997 after-tax earnings seem too high considering the total revenues.
2. public information on Myriad is "not accurate" according to the present accounting firm.
3. Share count. When and where? Maybe the share count was 50 mill at the end of 1997. Who knows?
4. Who's really in control?

Nevertheless, I DO think this company is PROBABLY greatly undervalued!! That's why I have purchased shares.

later, leroyt
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