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

To: lmw who wrote (865)	1/7/1998 10:01:00 PM
From: George Claborn	Read Replies (1) \| Respond to of 27968

I suspect "Myraid" is a misprint (even though the source of the news release is Firamada itself). I called Long Beach directory service this morning and found no listing, but did get one for "Myriad Employment Services". Got busy at work and didn't call... and left the number there. I'll try tomorrow. - George

To: lmw who wrote (865)	1/7/1998 11:57:00 PM
From: Sojourner Smith	Read Replies (3) \| Respond to of 27968

I talked to the Investment Banking firm late this afternoon. I learned alot, but unfortunately the person I talked to wanted me not to post our conversation here or anywhere, but I would like to address some issues here without breaking my promise. Some people on different threads and this thread have expressed concerns about how the purchase deal is being financed and the lack of reporting information. I like to consider all points of view and wondered if their fears were grounded. This is my current take on this company, probably nothing new to people who have been here awhile, but I don't think everyone is clear about somethings. 1. The obvious which I now understand better: FAMH cut a deal with the investment banking firm to get this stock moving. My question is: what's wrong with that? Is is working. 2. Like many companies now, they say they will be reporting soon. People have been critical and skeptical. What I have heard is that they are expanding to Miami and they will double their original business next year. And now they are buying a new huge income source. In about 3 weeks they will have the 10K report they say. I guess I believe all of what they say. I don't see how this could be a scam. I am amazed that people who bought TRGC have knocked this stock. 3. I don't have all details on the purchase deal, but the company is a good deal because of the lien. It is good IMO about the lien - that's how they got the company so cheap. And yes there will be a share deal cut, but that is also how he will get this company that will make FAMH more money. The bottom line is: the management is doing everything it can to make money and bring the stock up. And it is working. I don't think it will be on hype, but on real value. One last comment- I posted the charts because there was some interest on share blocks. Not everyone has that info and I almost think it unwise for people any stock without seeing the trading logs. I know now why some of those trades were made and I don't care because money will be moving back along with new money.

To: lmw who wrote (865)	1/8/1998 10:06:00 AM
From: John Fairbanks	Read Replies (4) \| Respond to of 27968

Just a thought on the tax issue... do we know that it is a State tax lien? I was just told that there was a tax lien. My Dad is a CPA and in speaking with him he said that without any details he'd give a 99% probability that this was a federal payroll tax lien. He said this is nearly always where companies get into trouble. The money that is withheld from people's paychecks is used to cover immediate bills with the idea of replacing it later... only the problems that caused the money to be needed in the first place haven't been cleared up so they don't ever get the money put back... in this case, the corporate officer with the responsibility for this, say the treasurer, is PERSONALLY liable for the entire amount. If it was a situation like that, FAMH would have a lot of bargaining power. I know if I were a corporate officer facing that kind of problem I would take some preferred stock and the paying of the lien! Just a possibility...