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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: M Murphey who wrote (21307)6/29/1998 12:41:00 PM
From: myelin2  Read Replies (1) of 27968
 
Thema: RE: FIRAMADA INC. (OTC:BB:FAMH) - Update
Datum: 29.06.98 15:05:09
From: JKosta@kostech.com (James Kosta)
To: Myelin2@aol.com ('Myelin2@aol.com')

Datei: James P. Kosta (E-mail).vcf (517 bytes)
DL Zeit (TCP/IP): < 1 Minute

We covered FAMH at $0.19 about 6 months ago.

Thanks for writing.

James Kosta
President and CEO
Kostech Corporation

-----Original Message-----
From: Myelin2@aol.com [mailto:Myelin2@aol.com]
Sent: Saturday, June 27, 1998 9:54 AM
To: JKosta@kostech.com
Subject: FIRAMADA INC. (OTC:BB:FAMH) - Update

FIRAMADA INC. (OTC:BB:FAMH)
Excellent chance to cover at discount level

The company's business is staffing, payroll financing and reinsurance of
workman's compensation plans

1998 financial forcasts:
1998 revenues: 80-90 Mio.
1998 net earnings: 6.5 Mio.
1998 average # of outstanding shares: 65 Mio.
1998 EPS: 0.1 $/share
1998 price projection: 0.40 -0.60 $
Actual price: 0.21$
Actual P/E: 2
Long Term Debt: 0

History:
The company was very dynamic in aquisitioning and expanded it's
businesses by
factor 10 in the last 12 months. Tried too early to climb NASDAQ by a
reverse
merger with ATXI, that failed. Made too optimistic announcements and
diluted
shares thus leading to heavy loss of shareholder confidence and
credibiltiy.
Now is oversold and found it's old bottom of technical resistance around
0.2
$.

Outlook:
With new leadership, President and Chief Finanial Officer, is now
concentrating on regaining credibility, internal consolidation
and
streamlining it's further expanding businesses (expansion factor of about
30%
for 1998). Is in the process of becoming a fully SEC reporting company
within
the next 3-4 months. Will release audited 1997 and 1Q 98 financials in
early
August. Might catch the opportunity to buy back shares until earnings
announcement. This all makes it an excellent opportunity to buy in
within the
next 4 weeks for speculative investors with a good opportunity to gain
100% -
150% in the next 6 months. Most investors are in around 0.6$ and will
not sell
below. This will stabilize the upward trend even with moderate covering
rates.
The further development will depend on the companies capability to
enhance
profit margins by expanding the highly profitable high end staffing
sector and
transfering to NASDAQ exchange in 1999. Then a 1999 price level of 1.0$
- 4.0$
could be obtained.

Discussion Forum at: siliconinvestor.com
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