FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Mr. Jens Tingleff who wrote (23199)	8/20/1998 3:51:00 AM
From: Lurker	Read Replies (6) of 27968

<<98 is as important as 97 - BTW over here they would not have been able to make the deal with myriad's tax office if they were not on time with their own. >> They were probably current by then. Consider: 19 million shares = 10 million for Arif and 9 million for others. By the time Myraid was finished, there were 75 million shares - 38 million for Arif and 37 million for others. That is an increase of 28 million shares for others. At an average sell price of .36/share that is $10,000,000 pumped into the business to pay back taxes, huge bonuses, etc. WE paid the back taxes. As LE predicted, FAMH was not a profitable company. Arif had a 19 year record with the company. He traded that record for a retirement fund. One can live comfortably with $2-4 million in the bank. I doubt if he cares at all about the company anymore. The company was losing money. Myraid was losing money. Now, FAMH is a bigger company that is losing money. I doubt that they will ever make any money. It was a brilliant plan on Arif's part. Sure, they could slash costs and maybe start making a small profit like manpower. However, I don't think he is motivated. All of his actions to date have been to keep the stock price up, not build the business. He is probably picking out his yacht or motorhome as we speak. We have no recourse. Everything was done legally. We were greedy and bought on hype with no financials. We took a gamble and lost. He is P.T. Barnum and we are the suckers. Lurker (Licked.)

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