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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: VBH who wrote (270)	12/1/1997 10:48:00 PM
From: John Fairbanks	Respond to of 27968

Don't let my description of the Houston office fool you :-) The company has been doing business for 19 years. It only went public this year but it isn't a start-up. It is going through some key expansion though IMO. I believe it was posted earlier that this company has no long term debt, but I'm fishing from memory and don't have time to go look. I think it was stated in the old thread... there aren't many posts and if you haven't read them you probably ought to check it out as well.

To: VBH who wrote (270)	12/1/1997 11:16:00 PM
From: Brad	Read Replies (1) \| Respond to of 27968

Hi VBH ! Just a quick response to try to help out here. 1. FAMH just went public last spring, so this is their first year as a public company. They have also added several new locations this year. So year over year could only be obtained by breaking out the separate original offices. 2. Their most recent balance sheet showed Total Long Term Debt of $8,290.43. That's it! 3. It appears that extra expenses for next year, in addition to expansion, might be just the additional expenses of regular NASDAQ listing. I have not uncovered anything else that would look unusual. This looks pretty much like a "pay as they go" business. They appear to have plenty of profits to cover normal operations and more. The only thing they are using the additional capital for appears to be acquisitions. It's nice to see a BB stock with profits! To me, the whole process FAMH is following to develop as a public company is about as "straight forward" as I've ever seen in a BB stock. They have followed through with everything they said they would. Only thing left, in my opinion, is the Audited Financials and Full Reporting. They've been good to their word so far, so my money is bet that they will follow through with these elements as well. As for any question about what funds are buying this... as I recall, it was Alexander Wescott that gave fund names, not FAMH. So any questions regarding that should go to AW. I could make 20-25% over the next year with some other big board company that already has ALL the pieces in place. But when I've got this good a shot at 500% or more with FAMH, for me it's an easy decision. Just my opinions, of course. Best wishes, Brad