FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: ProphetAble who wrote (23974)	9/17/1998 7:01:00 PM
From: Little Engine	Read Replies (2) of 27968

The company has no money to buy back shares. Proof of this came from the company itself. According to the "unaudit", at the end of 1996, cash on hand equaled $ 5,464. Let's see... if they spent it all, that comes to.... about 55,000 shares. Compared to the 70 million shares issued, hardly a drop in the bucket. Unless you are assuming that after big losses in 1996, they made big profits in 1997. That would beg the question of why they felt the need to issue 50 million shares of stock in 1997. Why would anyone think the company was profitable last year? Because the company said so? They said a lot of things. They behave like a company with no money, that's for sure. It appears that when they get low on cash, they issue stock. They could be issuing more right now, for all anyone knows. Good luck getting answers.

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