El Gator: Sorry, ... I've just got to ask......some questions also.
Re: 1997 figure...... The '97 could have been the historical, "audited", combined revenues of FAMH & Myriad. Of course, Myriad was under the "control" of the tax man(and sold at 10 cents on the revenue dollar), and FAMH had lost most of its business and was also significantly indebted to the tax man. Neither was turning a profit, based on what has been presented, were they?
It also appeared, many of the "numbers" FAMH bragged about previously were from their "wish" books.
Re: <<Firamada PEO, would represent an increase of $4,215,000 or 9.3% over the same period a year ago.>>
Wasn't it only last month (Nov.16) when FAMH announced "Firamada, Inc., currently selling Temporary Staffing only,...?
Re:<<More new client employees were enrolled in the third quarter alone than in the first six months of this year.>>
So, does the silence on existing clients mean they were stable, declining, or lost like last year?
Obviously missing are projections of cash flow, or profits. Come to think of it , they were missing in the actual numbers previously.
Then there is the looming, earlier remark from ...."Michael Sukey, our CFO, [responsible] for cutting the cost of operations across the company."... who said, only a week ago, "Under the present structure, the company may find it difficult to operate as a public entity."
Which side of their mouth should one believe?
The dark cloud still looks mighty dark to me. |
