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

To: Brad who wrote (937)	1/8/1998 8:58:00 PM
From: Sojourner Smith	Respond to of 27968

Thanks - very good job. Well worth the wait. (eom)

To: Brad who wrote (937)	1/8/1998 9:25:00 PM
From: Little Engine	Read Replies (3) \| Respond to of 27968

Brad, What are the "several reasons" that it must be completed by Feb. 1? What is "not a large amount" of stock? If Firamada, indeed, has the cash, how much of it are they spending on this deal? As an FAMH stockholder, these kind of holes are really beginning to bug me. So far, Ira has asked us all to take everything on faith. Everything. The financials? Trust us, they're right. Announcement on Monday? Oops, maybe we meant Wednesday. Audited financials by Feb. 2? Not holding my breath. Every move FAMH does seems to be driven by getting the stock price higher in the short term, and nothing else. I think the two-day wait on the announcement was an example, since it had already been leaked to the press. It gave time for rumors to take off. Tell people who call that the stock will be "$1.50 in three days." When the stock started moving, they made the formal announcement. I listened to the conference call as well (though it seemed to startin the middle - odd). I noticed something no one has mentioned, namely that the woman asking the questions was obviously a paid PR flack lobbing softballs at Ira. Funny how those answers just jumped off his tongue... while she said stuff like "wow!" and "fantastic!". I've seen nothing yet on them that could be considered unbiased. It was a conference call... why didn't he let the brokers ask the questions? Call me cynical, but my guess is that they will do anything to drive the stock price up now, so that when it is diluted by the new shares it won't look so bad. What about Myriad? If they were making money, why didn't they pay the tax bill themselves? Either they are losing money quickly or that tax bill is HUGE. Apparently they were losing money... and being seven times the size of FAMH, they could easily be losing more than Firamada is making now. That's negative earnings, folks. I think it will be a few years before this stock absorbs the blow of the acquisition and makes the Myriad operation profitable. Lots of heads to roll, etc. All this hype and very little substance bothers me.

To: Brad who wrote (937)	1/8/1998 10:18:00 PM
From: Tim K	Read Replies (1) \| Respond to of 27968

Brad - Thanks for calling and posting your summary. Did Ira say how long they've been in negotiations with Myriad? Feb. 1 is ambitious unless they are far along in negotiations already. Of course if the IRS has set that date for the current owners of Myriad to pay the taxes then at least one of the parties is motivated to close by then aren't they? Did Ira tell you anything about Myriad such as how many locations they have and where? There is no way thy're doing $70,000,000 out of one office in Long Beach!!!