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

To: Little Engine who wrote (1546)	1/17/1998 12:49:00 PM
From: JIN CHUN	Read Replies (2) \| Respond to of 27968

Little Engine, what I had said, and continue to reiterate is that the numbers that you have used to calculate 3Q earnings was never released in a black and white fashion. Considering that they may have to be refigured, then where does the rest of your argument go? I never tried to fix your math simply becaused the base of your argument is not accurate in my opinion. I agree with others on the thread that a true valuation to the company comes from their potential growth in this sector. Given the amount of acquisitions they have either in the works or finalized, I would say that they are growing at a rapid pace. Why wouldn't the financials for last year in an audited form have a bearing on the "company that this has become?". I guess it wouldn't matter that they would be an already profitable company in a huge growth sector with big contracts already in hand that are expected to propel sales next year by 2-4 mil. I guess it really doesn't matter that although as you had pointed out, the Myriad deal may be different than initially thought by many, and that Myriad's current operations have a low margin (as speculated), but that if they are profitable( I see no reason why the acquisition would happen if they were not ), I guess it would just be irrelevant if they were to use the cash flow from that and continuing operations to expand both vertically and horizontally withing their industry. As someone has already pointed out, the business that Myriad is apparently in has synergistic effects with Firamada's current operations. Most funds, in my opinion, look at companies that may be undervalued, as do other investors. So I guess that if the 10-k is filed and they show a profitable operation with profitable acquisitions and new offices opening up in the first Q for '98 then it really wouldn't matter because they just aren't the same company they used to be. I'm personally glad, because, IMO, the management and philosophy of Monas et al has accomplished alot in the short amount of time that Firamada has had any attention at all. IMO, those who are long on FAMH see the value of a company that is expanding in a profitable sector. Tony, come on man. The company is a relatively new issue. If you look at the historical data for FAMH, the volume of the stock was always aroung 20-40k, with few exceptions until the pr started. Basically, as happens to alot of new issues, the price dropped steadily. If you look at any of the technical indicators (barely applicable to a BB), you would see that many such as Money Flow, Stochastics both slow and fast, are showing that FAMH is continuing to be oversold while it is reinforcing a bottom. Personally, none of this matters to me since my faith in the company arises from the issues mentioned above and I have not nor do I plan to daytrade this stock. I echo the words of the Wayne J. when I say that patience for those who are long on the company will be rewarded soon as the details of the acquisition and the audited financials are release. Jin.

To: Little Engine who wrote (1546)	1/17/1998 12:55:00 PM
From: Redhead	Read Replies (3) \| Respond to of 27968

To all, Oh, I think at this point everyone has disected the numbers as far as can be. Everyone has been warned, and everyone has been pumped up. Ok ok ok ok, now we can all sit back and make our own decisions about whether we want to stay in or get out. We are all big boys and girls here, and I certainly don't need anyone inferring that I somehow don't know what I am doing because I choose to hold this stock. We all have different reasons. Sometimes they differ from others. Please do not infer I have no common sense because I choose to hold. Terry is right when she says numbers can be viewed and skewed different ways. If nothing pans out then we all lose and the stock dumps. But, if it does pan out we stand to gain a great deal. Again, I paid my pennies and I will take a chance. This is the only penny stock I hold, and I think it is worth taking a CHANCE on. I could go to Vegas and gamble a heck of a lot more than this at the tables. But I chose to buy and hold this stock. If nothing pans out I will learn a lesson and go on from there. But, if it takes off I will take some proceeds and go to Vegas and have a ball. Maybe some others would join me there for dinner. But, the bottom line is please don't feel I need to be talked in or out of this stock. It is entirely my decision. I will be hitting the next button on this thread from now on when I see a redundant posting rehashing what has been stated before. Once is enough. Have a great weekend everyone and keep smiling. Redhead

To: Little Engine who wrote (1546)	1/17/1998 1:49:00 PM
From: Terry Lyon	Respond to of 27968

The point is I don't plan to debate your preferences and mine. Also I believe this is exactly the type of stock that would have attracted Peter Lynch when he ran the Magellan fund as often he gathered crucial data directly from company telephone contacts and followed his instincts. Many of his small cap stock picks were held for 10, 20, 40, and 100 "bags" rather than the buy and sell frensy so common today. February is too short term for me to worry about. Of course I want financials and listing but back off and let management do it right. Terry Lyon

To: Little Engine who wrote (1546)	1/17/1998 1:57:00 PM
From: John Fairbanks	Read Replies (1) \| Respond to of 27968

The only question we have is with the 3rd quarter... I'm holding in my hand copies of the financials up through last June showing a profit of .06 EPS. Unless they have severely lost money the last 6 months of the year we will at least make the .02 EPS required to fully justify the current stock price. For that matter, stock prices are a weird thing because I paid $16/shr the other day for a company that has yet to even turn a profit... Of course I realize that these financial statements are unaudited, but I'm banking on the fact that I think Ira has better things to do in the next few years than spend them in jail. I completely agree that some of the numbers don't jive, and we've had a change in the number of shares outstanding from 19MM to 24MM which complicated matters because we know that at least the .06 EPS wasn't fully dilluted. I do think though that I've seen enough to expect that they can pull off .02, or if not, at least show enough potential for growth to justify the price anyway. To those who keep saying that "insiders" are selling... I'd like to know how you know this and what you term as "insiders". If you're simply talking about the people who participated in the 504 I hardly consider them insiders.