Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lurker who wrote (2118)	1/28/1998 4:02:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 27968

Lurker, let's reserve judgment on the Myriad deal and audited financials until we know more. Many BB stocks do not provide these, so it is a plus that the company is planning to and suggests everything is on the up and up. However, it would be a good question for Brad to ask Ira, if he is willing to take on the position of spokesperson. Were the Myriad financials for the purchase audited? And will FAMH shareholders get to see audited financials for Myriad? If all this is in order and the company can really earn .40 in the coming year, the company ought to sell at 8-10/share in less than a year. Hard to believe.

To: Lurker who wrote (2118)	1/28/1998 4:32:00 PM
From: CO	Respond to of 27968

Lurker, I really think that you comments are very unfair. Of course you get audited financials when you are acquiring a company. Keep in mind FAMH is a OTC-BB company right now. The company does not have to provide audited financials to the shareholders at this time, but yes they are in the process currently of doing just that. How many OTC-BB companies even provide you with any financial information. Of course that is about to change with the new NASD ruling. I have had an unaudited copy of the financials for the first 6 months of the year for quite some time now. Part of the risk with OTC-BB stocks is that you usually are not able to find out as much information on them as you can on listed stocks. This makes the investment a higher risk but along with that risk comes greater opportunity. If the audited financials were already out showing an eps of .10, do you think you could still buy FAMH at .30 cents. I do not think so. But the risk you take buying now, is that the audited financials are still an unknown. If you want a company that must provide audited financials to you immediately, then buy a stock that has already been fully reporting company for a year. I believe the SEC only requires the annual 10-K to be audited but not the 10-Q's. I think the company has been trying to keep the shareholders informed. Granted they could possibly do a better job in the writing of the press releases. I have owed a number of businesses myself. I am glad they were not public companies. It took enough effort and time as it was just to develop and grow the business, without a bunch of people criticizing every little thing that you do or do not do. The 10-K to the Sec is not due until June but the company HAS CHOSEN to have their financials audited and released very shortly. Cheryl