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

To: JIN CHUN who wrote (1547)	1/17/1998 1:08:00 PM
From: CO	Read Replies (1) \| Respond to of 27968

Jin, Good post. I have seen the financials for the first 6 months of the year (in black and white, unaudited) and they are showing an EPS of .06 cents. If I take just that figure and assume no profits for the 3rd and 4th quarter (which in my opinion is not likely) times a somewhat conservative industry multiple, this stock is still undervalued. .06 x 20 = $1.20 There are many companies in the industry trading at a higher multiple. Cheryl

To: JIN CHUN who wrote (1547)	1/18/1998 2:16:00 PM
From: Little Engine	Read Replies (1) \| 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?>>>> Jin Chun, The fact they have to be refigured, that they weren't right in the first place, WAS my argument. I'm glad you and John Fairbanks agree. So, why did FAMH put out a press release touting .06 numbers for the third quarter as shown below: <<<<(PR Newswire) NEW YORK, Nov. 24 /PRNewswire/ -- Firamada, Inc. (OTC Bulletin Board): ....Furthermore, earnings for the 3rd quarter of this year were $.06 per share thus creating a YTD of $.12 per share.....>>>> Looks pretty black and white to me. The fall-back argument, i.e., "yes, maybe they released false earnings in the third quarter, but we'll trust them as if the first half earnings were true" confuses me. Which was it? They either don't know how to calculate earnings, or they knowingly lied? If you (FAMH) don't know if the earnings are true or not, why trumpet them? Either scenario bothers me.