Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: STEVE G who wrote (964)	1/9/1998 10:52:00 AM
From: KGoodson	Read Replies (1) \| Respond to of 27968

zzzzHot off the Press...Bacon Butt News Service..Kerry Excellent decision in my opinion. Firamada Secures New Investor Relations Contract PR Newswire - January 09, 1998 10:37 FAMH %FIN %CON V%PRN P%PRN NEW YORK, Jan. 9 /PRNewswire/ -- Effective immediately World Vision Financial is no longer associated with Firamada, Inc. (OTC Bulletin Board: FAMH) and its subsidiaries. Firamada will not authorize any information they may give to the public and or shareholders. Firamada has signed on with a new Investor Relation's Firm. Please contact Jennifer Hedberg at Preferred Financial Marketing at 310-789-1132 for any questions referring to Firamada. The change in Investor Relation Firms is a business decision based on the tremendous expanded growth of Firamada and the ability of the new firm to better serve the public. SOURCE Firamada, Inc. /CONTACT: Ira A. Monas, President of Firamada, 212-425-2168, or 888-831-2442/ (FAMH)

To: STEVE G who wrote (964)	1/9/1998 12:55:00 PM
From: Lurker	Read Replies (4) \| Respond to of 27968

<<Also we have no idea if Myraid is profitable or ever was!!! It may be a while before we see any bottom line from Myraid .>> I think this is an important point. Firamada has concentrated on executive placement which is very profitable. Long Beach is a blue collar town. It is the factory section of Los Angeles County. Myraid may have a high volume of business with little or no profit. Maybe that is why the owner(s) were willing to sell it and Firamada is willing to buy it. Ira figures he can take his expertise and make the company profitable. Without audited Financials, the price of this stock will do very little. That is the only thing that matters right now. Everything else is hype. I, myself, am in at .22. I am happy with a nice 75% profit in 2 months (bid = .38). I expect a nice rise to > .75 by the end of the year. All this talk about 1.50, 3.50, etc. is just hype. Thank you, Cheryl, for all of your hard work. Since you have dealt with the PR company more than any of us, would you please let us know what you think of the new PR company over the course of time? Thanks. Does anyone know who the auditing firm is? Is it customary to make this public or keep it secret? Thanks.

To: STEVE G who wrote (964)	1/9/1998 2:12:00 PM
From: Little Engine	Read Replies (3) \| Respond to of 27968

<<< Let's take a look at why Ira would want the stock to rise to $1.50 quickly ( if in fact he did say that ) . This way he wouldn't have to give away so much stock to aquireMyraid . IMO . Also we have no idea if Myraid is profitable or ever was!!! It may be a while before we see any bottom line from Myraid . But then again this is just speculation on my part.>>>> Steve, As has been said, I couldn't agree more.(BTW, I took the $1.50 reference from a previous post). As long as everyone is speculating, allow me. Firamada wants to acquire Myriad, but doesn't really have the money. So it does everything to pump up the stock price in order to A) sell some of its own stock at a profit, and/or B) issue less stock for the deal. Win/win. Myriad agrees, since the move, at worst, may give it more time to dig up cash to pay the back taxes, and signals to any other prospective buyers that the company is in play. I don't see any reason a temp company making a decent profit would: A) sell itself out cheap, or B) be unable to work out a payment plan with the IRS to stay afloat. As to the "sensitive nature" of negotiations, I say hogwash. This has obviously been in the works for some time (see December posts). Nobody twisted FAMH's arm to announce it. They could have sat on it. But now, the fact that Myriad is for sale is no longer a secret. If another suitor offers them twice as much for the company now, I think they would take it. Any company seriously interested in buying them could get the financials. I only see one reason the numbers would be kept quiet for now - that it would upset current and potential investors. Better to get everyone in the tent, release impressive audited financials for last year, lift the stock price, and THEN worry about announcing the specifics of the deal. Secrecy bugs me. If this is a great deal, and worth announcing, show us the numbers already; other companies in similar situations do. This "trust me" attitude has gone on long enough. As to why Ira might potentially make a bad deal, I say: stock options! Anyone who would assume his post, and not get them, would indeed be making a bad deal for himself. I think firing the PR firm is a great move, though. Their release announcing the "acquisition" barely made sense grammatically. Surely the new firm is better. I'm glad to see the healthy discussion here.