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

To: Sojourner Smith who wrote (946)	1/8/1998 10:14:00 PM
From: Due Diligence	Respond to of 27968

Here's a site with Morton Downy scripts.For future reference. It's on the left side of the page. Jimbo stock-line.com

To: Sojourner Smith who wrote (946)	1/9/1998 9:47:00 AM
From: Little Engine	Read Replies (2) \| Respond to of 27968

Sojourner, Thanks for your response. I mean to be nothing if not a polite critic. Somebody slap me if I get out of line. I also got in at .33 (what a coincidence). I have no interest in seeing my investment erode, however. Another coincidence: another one of my stocks, La-Man (LAMN), also announced a letter of intent this week to acquire a company bigger than itself. It issued the following release: ** Jan. 5, 1998, La-Man Corp. (Nasdaq:LAMN - news) said it signed a letter of intent to acquire Electronic Sign Corp. (doing business as Ad Art) of Stockton, Calif., for $3,000,000 in cash and 810,000 LAMN common shares. An additional 540,000 common shares may be issued on a pro rata basis upon Ad Art's attainment of calendar 1998 net income levels ranging from $1,400,000 to $2,400,000. LAMN said Ad Art's sales for 1997 are estimated at $32,000,000 and its net income is estimated to be in excess of $1,000,000. LAMN said Ad Art produces electronic signs and is a maker of color wedge-based lens systems. The acquisition is expected to be completed by mid-February. *** It tells me exactly what I want to know, and makes it easy to figure future earnings, P/E, etc. The situation is much the same. Ad Art, as far as I can determine, is a private company, but the numbers are right here to examine. Why can't FAMH provide the same? Not even the amount of back taxes? That is public record, to be sure, so what's the holdup? Perhaps someone in CA can find that for us. Revenues are nice, but earnings always struck me as more important. I don't doubt that FAMH is a good, going concern, but I know nothing about Myriad, which seems to be more important now that it will compromise 85 percent of the new company.