Tonto....There's more. The press release from July 6, 1998 states: "Mr Malinoff concluded, With our desire to be a front running PEO, and our attention on the rapidly expanding IT and employee leasing markets, Firamada can REALISTICALLY expect to generate annual revenues in the 200 Million to 300 Million range within 2-3 years."
Well IT has been totally disbanded. So much for that prediction.
Also, in the same release: Firamada also issued a statement from the recently appointed Vice President and Chief Financial Officer, Michael Sukey. Addressing the Company's financial status , Mr. Sukey said, "FIRAMADA HAS BEEN PROFITABLE AND CONTINUES TO BE SO. WE ARE BUILDING ON THAT PROFITABILITY, in part, by eliminating unnecessary costs and expenses." This statement was made on JULY 6, 1998. Randy was president then. How can they release that statement then?? Randy didn't know last week if they were profitable or not? Did they take Sukey's word for it? If that's their explanation, that's bullshit. As President, Randy was responsible for Sukey's statement and should have verified it, if that's the case. Again, what the f#$%!! |
