FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Larry Bongiovi who wrote (24743)	10/13/1998 1:41:00 PM
From: Little Engine	Read Replies (2) of 27968

Larry, I take it you missed the announcement of audited financials from FAMH months ago, stating it as .1085 EPS per share. If those numbers do not hold up... then are they finally in trouble? Months after that, the company said that the numbers still had to be audited, and we await the results of the "real" audit. Either the company had such an audit, or it did not. If FAMH wants to blame former accountants for totally bogus numbers... well, that's what lawsuits are designed to determine. I don't think "safe harbor" applies to announcement of audited earnings, a very "backward looking" statment. I can't imagine that Ira Monas saying the audited financials had been sent to the SEC would be an "optimistic" statement, either. Although that was not in a press release, he did say it to a number of people -- and also on conference calls, if I remember correctly. All of Ira Monas' press releases had him speaking as president of Firamada. Randy Malinoff has indicated that FAMH has no compensation committee. I have not seen any references to the annual board meeting either... when was it? Does a publicly held company have any obligation to inform shareholders of the date and time?

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