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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Terry Lyon who wrote (23173)8/19/1998 6:25:00 PM
From: dave brown  Read Replies (1) of 27968
 
The $.06 per share loss doesn't seem that bad for a $.16 per share stock. Maybe I am missing something, but how can 1996 have an interest expense of $122,000 without any interest bearing debt on the liability side? What generated this $122,000? Also based on the small amount of assets, it looks like Arif was working out of his garage. A general rule for solvency is current assets being 2 times current liabilities, 1996 FAMH's current liabilities are 4 times current assets. The negative stockholder equity of $800,000 doesn't seem bad. A couple years of profits will wipe that out. What is payroll taxes payable $800,000? and what would they have had to do to have payroll tax penalties of $253,000?
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