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

To: David McCleary who wrote (1147)	1/12/1998 10:20:00 PM
From: Freddie Forte	Read Replies (1) \| Respond to of 27968

Everyone is digging and that's great. What concerns me is Famh's technical chart. It looks pretty bad. Accumulation/Distribution and On Balance Volume indicator are in a freefall. There is a constant selling pressure and that is coming from insiders and professional trading. One month ago, the Acc/Dist. indicator went from -6,000,000 to -8,000,000. It now stands at -12,000,000. That's quite a bit of professional selling. Why? Something isn't right here. Stochastics is also giving a sell as most other indicators. Now, don't everyone panic. These are only technical indicators and must be used with fundamental analysis and the company's current business environment which will give an overall snapshot of the company. With the upcoming promotion, I would think insiders would be buying preparing for the rush. But it is not happening. Why ?

To: David McCleary who wrote (1147)	1/13/1998 7:25:00 AM
From: tonto	Read Replies (1) \| Respond to of 27968

David, do you or anyone here know why the delay with the office opening? Did they lease office space for their scheduled Nov.1, 1997 opening, or do they currently have leased space? I note the headlines that IRA was hired and had already accomplished some impressive things. How long was he there before this announcement that he is the new president? Was he actually just promoted or is he a new hire? Firamada Announces New President, Ira A. Monas NEW YORK, Aug. 28 /PRNewswire/ -- Firamada, Inc. (OTC-Bulletin Board FAMH) hired a new President, Ira A. Monas, to take the reins of the day to day operations of the company. Arif Adam remains CEO and will concentrate on Franchising and Corporate Sales. Mr. Monas has 20 years of Finance, Banking and Marketing behind him. Since Mr. Monas joined the company he has increased sales by 22% while reducing expenses by 21%. Firamada, Inc. is currently negotiating with Carnival Cruise Lines, Chase Manhattan Bank and Hilton Hotels for national contracts. The company plans to open an office in Miami by November 1, 1997. It is projected that this new office will increase sales to $10 million to $12 million in 1998.