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

To: JIN CHUN who wrote (3736)	2/20/1998 8:44:00 AM
From: Little Engine	Respond to of 27968

<<<<Without the complete information which will be found in the audit and subsequent filings, it cannot be known, with complete assurance, that the statements and implications you make are true.>>>> No, but we have plenty to show that the company's numbers are unlikely to be true. No, Jennifer didn't know the ratio... that's why she asked Ira. I suppose I could have talked directly to Ira... but then I guess he would have just claimed to be "misquoted" later. <<<Loss carry forwards, expenses incurred in going public, etc. etc.>>> Jin, this has been my point for quite some time. How does FAMH manage to do everything at such convenient times? How do they manage to lose lots of money, presumably in 1996, and then (poof!) they all of a sudden make more money than anyone else? I assumed this is not the first year they made money. How many millions would you have to carry forward to slash taxes like this.... and do you expect it to continue in 1998? Or is that yet another cut into future earnings that nobody mentions while they predict rapidly growing earnings for 1998? Double the shares, triple the taxes... EPS could drop this year despite the revenue growth. If underwriters make $30,000/year, could FAMH charge AIG close to $100,000 for them? Sounds odd. <<<Didn't someone relay a conversation with Ira where he said a lot of the placements out of the Wall St. office was at a 70 percent margin?>>>> Of, of course. Everyone's calls to Ira count but mine. Even rumors count more. <<<You mention HIR. HIR has a current ratio of only 1.01! Their current assets are only 1 percent higher than their current liabilities? FAMH's as stated in the report as of JUNE '97 was 4.4!>>> Only one of those figures is audited. Guess which. Please consider how they were doing accounting at that time (the bogus third quarter numbers release). All assets, no liabilities... "pure profit"... we'll change the numbers later... the FAMH story in a nutshell. Suggestion for new company motto, since people here have said it constantly: "Firamada: You can't prove anything!" If anyone puts faith in current ratios... what will they be after the company borrows $25 million? About .2?

To: JIN CHUN who wrote (3736)	2/20/1998 9:54:00 AM
From: CO	Respond to of 27968

Jin Chun, Yes the audited financials will have the answers. The facts will be out in black and white for all to see. They will be out soon. I am going to be patient and wait for the release. The indication that I get from brokers is, that yes it will draw their attention when the audited financials come out showing a profit. I have started to use my own ignore button. I do not have time to waste on someone that obviously does no research and just looks for opportunities to bash a stock and some of the reasonable people that ARE trying to do their DD. To call someone that is giving a logical explanation a hyper is quite extreme and uncalled for in my opinion. I have a number of messages from people stating that they have stopped reading the thread. Some are now just using bookmarks for a person or two. The opinion seems to be that what used to be a valuable tool for research has become a waste of time. L.E., I don't know for sure if you are a MM, a bulk buyer, or just carrying a grudge, but in my opinion, your intentions are NOT for the good of anyone but yourself. In my opinion, you do not care who you stomp along the way, as long as it is good for you. Yes, I want to make money with my investment. Why does anyone buy stock? But my philosophy of life is far different from yours. I believe that the best way to meet your own goals in life, is to help others meet theirs. It sure seems to work that way and it makes you feel good. You should really try it sometime. I also believe that what you give out to others eventually comes back to you, whether it is good or bad. So eventually life will give you exactly what you deserve. Cheryl