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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: american dreamer who wrote (21606)7/8/1998 1:06:00 PM
From: Brad  Read Replies (2) of 27968
 
American Dreamer, I still have a long position in FAMH. And I intend to Hold for a while.

I have several sources very close to the situation that tell me FAMH has a very good business. And from what I have seen first hand, I believe that. The business is functioning better and bigger every day.

Here are the problem areas as I see them...

1) Investor Relations MUST improve (which they are working on).

2) Credibility - Previous president made announcements too early. This is easily corrected but it will take time to re-establish credibility. I think some progress has already been made.

3) Better Communication (which I think is getting better)

4) The Audit - The new audit firm cannot be expected to sign off on the old auditor's work without verifying it for themselves. But I think we will still see $.10 or $.11 EPS for 1997.

4) Reducing Total Shares Outstanding - Personally, I think Arif NEEDS to return some shares. I think that could happen.

You'll notice that "Profitability" is not on that list because I honestly believe FAMH is profitable. And I think I have very good reason to believe that. It's my opinion based on what I have put together from various sources. But obviously, I cannot say it is fact until the audit is released.

I am still Bullish on FAMH because I believe they have a good basic business. I believe they are profitable and growing.

And I believe the new guys are getting the problems taken care of. It will take some time.

I guess I am not fearful because I have confidence in what I know about FAMH. After all, I've been following it for almost a year.

That's just my opinion based on how I see it. Time will tell.

Best wishes,
Brad
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