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

To: JOEY who wrote (2996)	2/10/1998 2:39:00 PM
From: Buckeye	Read Replies (1) \| Respond to of 27968

.....Jake, ......The response was not long in coming! The following is a cut and paste of an E-Mail message from Mr. Monas, President, FAMH: MESSAGE: ......at the mercy of accountants.......3 acquisitions under audit at this time....patience is a virtue....thanks for your support MY IMMEDIATE RESPONSE: ......Dear Mr. Monas, ......You know that you have my support, and my significant investment. You must understand that it is periodically prudent to slow down and catch up with your accomplishments. ......You must now lend credibility to the 1997 numbers, and your recent statements, regarding earnings. With this credibility in your pocket, you may do almost anything you wish, and be considered a hero. Without some difinitive statement, or release of earnings, your stock will languish, which is not in your best interest. ......You do not wish to become known as a person who makes statements, but who cannot back them up. This would be a considerable disservice to your obvious skill, and past accomplishments. ......Please make a statement regarding your '97 earnings release, as quickly as possible, based upon a firm commitment from accounting.

To: JOEY who wrote (2996)	2/10/1998 2:45:00 PM
From: Little Engine	Read Replies (5) \| Respond to of 27968

Does anyone still believe that mutual fund managers are ready to pounce on this thing? Ira said in the last conference call that $12 million of the credit line would be borrowed soon for acquisitions. He also said about 28 million shares are outstanding. In addition, I think we can safely assume (since he claims that FAMH is generating 30 percent net profits), that Myriad (which would become the lion's share of the revenues) would drag down the net margins for this year. So.... $12 million debt divided by $7,560,000 in equity (.27 x 28 million shares) would give us a debt/equity ratio of about 1.59. How does that stack up against other small staffing companies? Let's look... Company.................................Debt/Equity Ratio SOLP............................................0.00 HIR...............................................0.02 ASIS.............................................0.07 FAMH...........................................1.59 Even if the financials came out today, the mutual fund managers would look and see a .27 stock carrying: 1) questionable current margins 2) falling profit margins in 1998 3) twice as many shares as the other three companies COMBINED; 4) a very uncertain profit growth rate due to a blizzard of acquisitions, 5) and a heavy debt load. Why would they want this stock? Does anyone agree with my analyses yet? L.E.