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

To: Richard V Davis who wrote (2820)	2/5/1998 11:15:00 PM
From: pitchlyn	Read Replies (2) \| Respond to of 27968

classicseries.com

To: Richard V Davis who wrote (2820)	2/5/1998 11:30:00 PM
From: lowell	Read Replies (2) \| Respond to of 27968

I am with you Richard. I thought I was going to stick around for the financials, but after this latest press release I realized that this company IMO is a big waste of my time. First the numbers still don't work. I don't think Ira mis-spoke about NET & GROSS margins. Personally, I don't believe that he knows the difference (OOPS! Maybe I shouldn't have said that - Buckeye will probably start threatening liable again). Case in point, in the CC Ira said that FAMH had a 30 percent Gross Margin - everyone agree? Now read on page 5 of the Dun & Bradstreet report that FAMH included in the investor package. It clearly states in black & weight that "return on sales" is 30.5%. Return on Sales is 30.5%!!!! For those who might not know, RETURN ON SALES IS THE SAME AS THE NET PROFIT MARGIN. Look it up! Now, how can the NET PROFIT MARGIN and the GROSS PROFIT MARGIN be the same??? Answer: It can't! So, one of two things is happening here (please pick one): 1) Ira does not know the difference between Net & Gross Margins (pretty scary, IMO); 2) Someone (I won't say who) is not presenting the numbers correctly. Second, any company who needs to promote their stock must not think very highly of their business, IMO. Paid stock promotion is an investment that cannot bring in revenue and cannot effect the bottom line - no IRR (any corporate financiers out there??). Be patient, concentrate on you business and let the stock take care of itself. Stock promotion, in my experience, has only a temporary effect. In the long run, its fundamentals that drive the stock price - not some paid air jock to hit people over the head with it. Finally, the nail on the coffin was this last press release. I don't want my company that I invest in to be associated with Morton Downey Jr!! Do you? I hardly doubt that Morton Downey Jr's viewing audience is the "high end staffing placement" Ira has been speaking of. Personally, I hardly doubt that his fans know how to read let alone be classified as a high margin placement. I think FAMH has a better chance of going into breakfast cereals than TV (think about it...while eating his breakfast one could spot an ad on the back of the cereal carton where, suddenly, they find their dream job! - logic sound familiar?). If FAMH is getting into TV as a source of promotion/exposure for their business, I think there are many other less cash restrictive, less risky, and frankly less WEIRD ways of spreading the word. But, I am sure Ira with his keen background in......hold on one minute.........no one knows what Ira's background is.....ahhhh.... forget about that minor detail! - you've all done your DD. Well, at least Morton is experiencing great success and is a popular TV icon.....wait a minute.....he hasn't been on TV since.........ahhh forget about that...those edicateds sure's heck likes this guy. Last thing, the funniest statement on this entire board since Day 1 was the mention of FAMH as a conglomerate. Thank you (I forget who said that), I haven't laughed that hard in quite a long time. Well, this stock is definitely NOT for me...but I can't say I didn't have fun following the saga. My last suggestion: do your own DD, don't rely on others, and ask "Does this make any sense?" I wish you all the best with your financial decisions. Good luck! Lowell