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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: M Murphey who wrote (23139)8/19/1998 4:55:00 PM
From: John Fairbanks  Read Replies (3) of 27968
 
Ugh. Current assets compared to current liabilities... ouch. No wonder
they went public on the OTC:BB in a desperate effort to raise cash.
Notice a huge portion of the liabilities (over 800K) was payroll taxes...
Looks like they were doing the same thing Myriad was doing -- spending
the payroll tax money as operating capital.
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