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

To: CAPT.DAN who wrote (1636)	1/21/1998 7:55:00 AM
From: Jonathan Lebed	Read Replies (1) \| Respond to of 27968

Dan, that did clear a lot up! Can you please email me the fax #? I have some more questions but I don't have the #. Thank You....THQ@prodigy.net

To: CAPT.DAN who wrote (1636)	1/21/1998 8:16:00 AM
From: lmw	Respond to of 27968

Capt.Dan Great post. Wish I had more time to devote to some serious DD. Will have to reply on people like yourself, Rick, Cheryl, Wayne et al. If there is a better more intelligent thread out there, I havn,t found it. Thanks again. LMW

To: CAPT.DAN who wrote (1636)	1/21/1998 10:33:00 AM
From: Kenneth Munson	Respond to of 27968

CAPT. DAN....Your to be promoted to "MAJOR" for the work that you devoted to your most recent Post. Much appreciated!!! Ken (from a Pvt. who has been peeling potatoes) :~)

To: CAPT.DAN who wrote (1636)	1/21/1998 11:31:00 AM
From: skreiger	Respond to of 27968

To: CAPT.DAN who wrote (1636)	1/21/1998 12:59:00 PM
From: Tim K	Read Replies (1) \| Respond to of 27968

This answers several questions I had and raises my comfort level. Why didn't someone fax these questions before??? Great job Capt.!!! By the way, why that handle?

To: CAPT.DAN who wrote (1636)	1/21/1998 5:17:00 PM
From: Little Engine	Read Replies (3) \| Respond to of 27968

FAMH replies to questions, and the accounting methods they use, are beginning to fascinate me. Capt. Dan, I greatly appreciate you asking Ira where the magical 3rd quarter earnings came from. He needs to answer the tough questions. You listed the exchange as: <<<3 Can you explain how a company can do 1.7million and end up with 1.3in profit? IT IS NOT PROFIT. IT IS NET INCOME, CASH, RAISED FROM 504 SALE ETC..>>>> According to Cheryl's description of the 504 sale (the very informative Post#35), the company raised $1 million from it. That means, third quarter earnings would be $1.3 million minus that $1 million, or a total of $300,000 from operations. How many cents per share is that? Doesn't anyone feel the least bit deceived? Could anyone tell me how much FAMH raised in their initial public offering in May, so that I could subtract that from the earnings they stated for the first half? Does the company plan to sell stock each quarter to keep these "earnings" up? If a 504 sale accounted for 80 percent of the earnings stated in their 3rd Q press release... wouldn't it be customary to at least mention it? If I had not pressed this question... when would Ira have mentioned it to anyone? When the audited financials came out? Net income figures for the first half of 1997 were stated as $1,265,854.14, but how much of that is from stock sales through the initial public offering? Someone who works in accounting, perhaps, could answer this one: is it normal to count stock sales as earnings? On the flip side, if the company bought its stock, would that then be considered a loss? I'm confused. What other surprises are out there?