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

To: Brad who wrote (3717)	2/19/1998 4:16:00 PM
From: Wayne J.	Read Replies (1) \| Respond to of 27968

Hello! Brad, Thank you! For taking the time to post the FAMH data!!! I for one appreciate your unselfish efforts! Keep 'em coming Brad! I have a hunch that more people are following this thread than we have heard from, thus far. ( Just my own opinion). Take Care! Wayne J.

To: Brad who wrote (3717)	2/19/1998 4:26:00 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 27968

Brad, Thank You for the financial information and your summary posts! Its interesting to note (albeit unaudited) judging by the information that FAMH has indeed positive numbers up to the end of June 1997 regarding EPS.... Was this information included in the Investors Packet from the company? Jane

To: Brad who wrote (3717)	2/19/1998 9:39:00 PM
From: Little Engine	Read Replies (2) \| Respond to of 27968

Brad, that income statement is SCARY. First of all, Ira has been pushing the idea that FAMH makes gross margins of about 30 percent... reading the income statement, they seem to be claiming grosses of about 57 percent! Amazing, and not at all what the company has been telling people...one wonders why Ira would keep such wonderful news to himself. Second, the income taxes FAMH pays appear to be only about 10 percent, although just about every other company I see pays taxes of 30 percent to a third of their income... wow, I think they must be in really good with the IRS! Even though they are headquartered in New York City, which may have the highest taxes of just about anyplace? Or (just my opinion) maybe they are following the "Myriad model"... They appear to be getting about three times the temps salaries for placing them... another amazing feat. And yes, I've made some allowances for their permanent placements... and the financing division was not up and running in the first six months. Three times temp salaries? Although their offices are in competitive, big city markets like Dallas, St. Louis, Phoenix... unreal! Why did they have interest expenses of over $18,000, despite the fact that their investor packet (numbers dated June 30, 1997 - end of the first half) says that bank loans on that date are ZERO, long term debt is ZERO, and that FAMH has only about $13,000 of notes payable? They are paying interest on bank loans they claim not to even have? Or did they pay $18,000 in interest on $13,000 of notes payable? Perhaps they have debts they just avoid mentioning in the investor packet? Usually, I would guess that perhaps they paid down some debt during the first half... but I guess not, since the income statement has absolutely no provision for that. For that much interest, it would be a huge expense they "just happened" to leave out. The truth is in there. Enjoying their creative accounting, The analytical Little Engine