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

To: OpenSea who wrote (1955)	1/26/1998 10:46:00 PM
From: JOEY	Respond to of 27968

Thats what I am counting on also. I dont think Ira is the type of man who would defraud such a critical aspect of FAMH's future. I am betting on his word. If he is telling us the truth we will be rewarded, if he is not, we will be pissed off. Soon we will know... Personally I cant wait.

To: OpenSea who wrote (1955)	1/26/1998 11:04:00 PM
From: CO	Respond to of 27968

OFF TOPIC Jim, Here is my last post on LAAQ, dated November 11, 1997. Message 2696189 As you can see from the post, that I became unhappy with the management of LAAQ and I stated so. Their website was just updated on January 16 and they appear to still be in business. Please do your homework better before you go slamming somebody and making induendos. I have picked some winners and I have picked some losers. Everyone needs to do their own research. I have a comfort level with FAMH, but everyone has a different comfort level. I have seen the numbers crunched many different ways and it has only lead to further confusion. I also am holding for the audited financials. I never tell someone to invest or not invest. I just state my opinion. I see you have just been a member of SI since November 10th and have not taken the inititive to start a thread. It is quite a positive learning experience. Try it some time. Cheryl

To: OpenSea who wrote (1955)	1/26/1998 11:07:00 PM
From: Jonathan Lebed	Read Replies (3) \| Respond to of 27968

You have to be a dumb ass to buy a stock with a Q at the end. Hello, that means they are going bankrupt! LAAQ is a good example and these days, a lot of people are banking on AETTQ. Me along with a lot of others are depending on the financials. Ira already said they will be around $0.10-$0.11. I am sure Ira wouldn't lie to us because he knows I would sue his ass. The thing I agree with Little Engine about is his prediction about FAMH jumping after the news but pulling back later in the day. At least this time we have some momentum and we all know that the financials will be out soon. By the way...Is it Ira's strategy to hold back every press release or something? Last time we were supposed to have news on a Monday, it didn't come out until Wednesday. Hopefully we will have the press release on our screens tomorrow morning. JLebed

To: OpenSea who wrote (1955)	1/27/1998 2:15:00 PM
From: Little Engine	Read Replies (7) \| Respond to of 27968

Jim, I don't think, either, that Ira would be "flatly falsifying figures," as you put it, as much as I love the alliteration. <g> I do, however, think that the pattern of deception from FAMH is well-established by now. Everything they say they will do, from issuing press releases to opening offices, takes longer than they promise. Does anyone here REALLY believe they will see audited financials on Feb. 2? Their press release today is a case in point. It turns out that Myriad has only audited sales of 45 million dollars, not the 60 million figure they kept pumping to us. The 60 million is only a projection from "new contracts," whenever they might take effect. Ira did say on the conference call that only $38 million was in "long-term contracts". I don't know when the other $22 million is set to expire, but apparently it's soon. Points papered over in the press release: 1) 2.5 million shares to be issued in stock -- based on what price? last week? next week? next month? Could this be preferred stock? Doesn't say. 2) Cash --- HOW MUCH? 3) Assumption of debt --- HOW MUCH? 4) Borrowing $25 million from a "European financial concern" --- He can't even name the lender? And is the fact that FAMH would borrow more than the company is worth (post-merger!) not a warning bell? Unless Myriad is worth about $20 million, which begs the question of how they will pay for it. A blizzard of posts a few weeks ago told me that "sensitive issues" prevented Ira from telling anyone the details of the deal. What's the excuse now, since the deal is done? Personally, since the '97 audit won't cover this deal, I think Ira will wait to give Myriad details until the last possible moment, like next year, when this year's audit comes out. Per the press release, the audit on Myriad is done. Why not release it? If it's such a great deal, why not explain it, let folks applaud, and watch the stock go up? Very curious. Is it any wonder the stock is falling?