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

To: David A. Irvine who wrote (3315)	2/16/1998 1:44:00 PM
From: Redhead	Respond to of 27968

Dave, Post 3316 Good post. Welcome aboard. Wayne J. Post 3314 Good post. I agree. Just to let everyone know I am still patiently waiting under that umbrella for the financials and news. For anyone who does not have enough patience at this point, then I suggest you remember Rome was not built in one day. Some things just take time, and no matter what you do, you can't move them. We will know soon enough whether we keep or sell the stock. Just sit back, watch, wait and enjoy life. It will all come soon enough. I think I will have a cup of tea now and let you all go back to your speculations. It certainly makes for good reading. Keep smiling Redhead

To: David A. Irvine who wrote (3315)	2/16/1998 1:55:00 PM
From: Jonathan Lebed	Read Replies (1) \| Respond to of 27968

How could there be so many shares outstanding? Most of the shares are restricted for at least a year. Could somebody else please explain....? JLebed

To: David A. Irvine who wrote (3315)	2/16/1998 2:04:00 PM
From: JIN CHUN	Respond to of 27968

David, welcome to the thread. I agree with the general tone of your post. What get's me personally is that as long as FAMH is showing any profit at all for '97, they will mostly likely not have any drag on the revenue from the acquisitions. Conservatively, Myriad could bring in .06/share for '98, and that is without any vertical or horizontal integration into the rest of FAMH and vice versa. FAMH is quite obviously geared towards acquiring new companies that are profitable. I do not think that anyone can argue with that, except to say that the management is so incompetent as to spend money on buying companies that will lose money. This is clearly, IMO, not what they are doing. Why am I personally so excited about their prospects? As Jane had mentioned in an earlier post, the risk vs. reward lies well in my comfort zone. They do have a unique story, which is to expand through profitable acquisitions in a market that is rapidly growing, and will likely continue to grow as the labor markets get tighter and tighter. I reiterate a very important point in your post. These acquisitions give a natural springboard for FAMH to expand quite easily into more profitable placements throughout their offices with minimal headaches and costs. With the Myriad acquisition, they can easily streamline, integrate, and centralize payroll services for the entire company. Bottomline? Reduced costs as compared for '97 for the rest of FAMH's divisions. Myriad can also offer their existing service line to the same companies that FAMH's finance division now service, == increased customer base and more revenue. With the soon to be acquisition of Tech Support in CA( hopefully soon ), they can easily move and use the existing intellectual and industry assets to offer similar type placements in existing offices, especially since Richard Davis tells us that IT placements in New York City is especially hot right now. They already have solid contracts with major insurance companies and banks in the New York area. It is easy for me to see that integrating IT services to those existing clients would be a no brainer. Remember, from the information that we currently have, and given that the company has only been public since May, their prospects for growth in '98 far outshadows what their core business was in '97. The ability to integrate services while expanding the service line throughout their offices in '98 with increased presence within the industry allows FAMH, IMO, to excel through '98. My fingers are tired. Jin. ;-)