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

To: JIN CHUN who wrote (1448)	1/16/1998 9:52:00 AM
From: Little Engine	Read Replies (3) \| Respond to of 27968

Jin Chun: I got them from Cheryl in Post #372, as well as on other spots in the board. She swore they wore accurate in that one. Please read Post #372. I believe that FAMH has also been hyping the 3rd quarter results in their investor packet, etc. If you follow stuff here, you know that the company has been claiming .06 for the first half, then another .06 (the numbers I outlined) for the third quarter alone. This board has gotten very quiet... have the pragmatists at last won? These phantom "earnings" (Since I posted, no one has yet shown me how they could be possible) are the final nail in the FAMH coffin for me. All the insistence that "Ira said the numbers are true" cannot make them add up differently. The math is unforgiving. I believe my own eyes more than Ira. I'm selling everything I own at the bell today. I am not going to wait till someone with more influence does the same calcuations, and the stock drops like a rock. These false earnings remind me of Mercury Finance, which I hope you read up on, Jin Chun, if you are not familiar with their story. They faked their AUDITED financials for years until they were caught and the stock blew up. Much like FAMH, they announced profit margins a lot higher than all the other companies in their sector, while some people hyped the stock and others scratched their head because their gut told them the financials couldn't work in the real world. I can't get the third quarter numbers to work either. I have tried making permanent placement 10 percent of earnings, 30 percent of earnings, 50 percent of earnings... yet the numbers never fit. Try it yourself, Jin Chun... don't just take my word for it. I'm sure the company will panic, and now issue some halfway reasonable sounding explanation for the 3Q numbers. If I thought I could trust the company, if they had not said a LOT of questionable stuff in the past, then I would stick around to hear it. I'm getting out before trading is halted on FAMH.