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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Fitz who wrote (26977)3/15/1999 5:30:00 PM
From: R. Murphey  Read Replies (1) of 27968
 
Fitz,

So, do I understand correctly, that if that were the case, and assuming FAMH's share of the business netted 2% (of $40 mil sales) before paying for the acquisition (performance it has not demonstrated since birth), that it would take .......77.5 years to pay for the acquisition???????????

And that wouldn't consider the existing debt issue.
Why do that when there is the distinct possibility that they could buy it from the IRS in a few months for around 10 cents per share, or if they "negotiate" as well as FAMH did, half that amount.

Somehow, it doesn't make much sense.

Anybody remember the last buy-out "rumor" that surfaced?

Time will tell.

Bob.
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