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: Little Engine who wrote (2909)	2/7/1998 5:55:00 PM
From: OpenSea	Read Replies (1) \| Respond to of 27968

Little Engine, Why would net income of $73,000 from the finance subsidiary imply even a hypothetical gross revenue of $486,000? I would assume that the net income from a finance subsidiary would be a return on capital, rather than a percentage of some type of gross income. Right? I, like you, wonder how the net margins overall could be so high. I'm not going to assume that something Ira told someone you spoke with on the telephone is necessarily an accurate figure. That's why I'm waiting on the financials. So much of what we're working with is just hearsay. The 85/15 temp/perm split could not possibly be true, because there are the revenues from the finance arm. They've got to fit in there somehow! That's why I'm assuming that either Ira got it wrong, you got it wrong, or there was some miscommunication. Perhaps he said or meant that 85 percent of the people placed were in temp, 15 in long term. If that were the case, the revenue split would be much different. Perhaps you are absolutely right: Ira is a total fraud who is going to probably go down in flames some time in the next month or two when the audited financials come out. Or maybe he is going to, as you suggest, play the "delay game" indefinitely. I have a hard time believing it, but you may be right. However, it is equally possible that you have some incorrect information (whether Firamada actually supplied it or not.) Right now, I'm banking on Firamada because I know they have a real business, they've promised financials soon, and I can see no motive for them to blatantly deceive at this point--the stock is going nowhere until the audited financials are out. Jim