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

To: tonto who wrote (957)	1/9/1998 8:33:00 AM
From: Dave Shares	Read Replies (1) \| Respond to of 27968

Hi Tonto, I'm sure glad you came over here too. There is a great mix of optimists, skeptics and pragmatists here. I'll put myself in the third category, but if I weren't optimistic, I would have cashed out a long time ago, as I'm doing well on my investment. No doubt about what you said, this is an OTCBB stock, and that is what we paid for, and therefore, we have to expect the details to not be as complete as the larger companies would provide. The current acquisition is supposed to be financed with cash and stock. If Brad's information is correct, and there are good restrictions on the stock, and the conversion price is high, this should work out fine for the investors. There is probably cash available from a previous 504D financing (I think it was 7,000,000 shares or so, which probably sold at an average of .175. FAMH also had informed some of us that they have a financing subsidiary that is making some good money with profits and this might also be a good source of cash. One last point. I do not know the basics of company valuation. I have seen the number of $60 million thrown around with Myraid. If in fact Myraid did $60 million in business, we don't know what that meant in the bottom line (after tax profits), and it probably bears no relationship to what the company is worth, because the value of a company is not solely based on its revenues, the assets, liabilities, expenses must also be figured in. I think the biggest asset that FAMH would be getting in this is the implicit goodwill value of Myraid made up from its base of current customers and business. Once again, thanks for being here Tonto, and I know you'll find the people here to be very nice, and I for one am glad whenever a skeptic posts here, because all sides need to be heard, and it has been in looking into the skeptics' questions that we have all learned more. David