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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: ElGator who wrote (24997)10/19/1998 1:12:00 AM
From: Freddie Forte  Read Replies (1) of 27968
 
ElGator.....Who received all those consulting fees of 326,848 ??

Well, let's see: For the year ended December 31, 1997, the company issued common stock totaling 1,000,000 shares with a fair market value of 200,000 to the Company's President and/or a company controlled by the President as compensation. This expense IS INCLUDED in selling, general, and administrative expenses. Where?? hmmmmmm. Could consulting fees be Ira's compensation? 25% of revenues?? If it is, what did he do for TWICE the amount of gross profit except lie to shareholders? There was no entry in '96 for consulting.
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