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

To: Little Engine who wrote (6097)	3/13/1998 3:20:00 AM
From: JIN CHUN	Respond to of 27968

Little Engine, YOU ARE WRONG AGAIN! 1.You don't own any shares, so why the #!@! would you care? 2.You have consistently been bashing this stock. 3.You have consistently misrepresented the facts. 4.Your definitions ARE* wrong. 5.You've posted false news releases. 6.You once claimed that trading would be halted. 7.You have never given a reasonable explanation as to why you spend the time and energy that you do in bashing this stock. 8.I've decided to chart your posting habits on this thread weighted by the level of it's vitriol and have decided that FAMH's buy signal has just now been triggered. Much better than neural nets and fuzzy logic with a dash of chaos and game theory thrown in. <<So much for banning any reverse splits... no Jin, not a "run of the mill" reverse split, a fancy one! And people are falling for it! LOL! Turning four shares of stock into one sounds like a reverse split to me. Maybe I've got the definition wrong. >> THIS IS NOT A REVERSE SPLIT! YOU ARE WRONG! This is a reverse merger into a publicly listed NASDAQ co. There is a share conversion, yes. But this is not a reverse split. Turning 4 shares into 1 also converts and multiples the eps. Yes, before you even crack your knuckles on the keyboard, I know that there will be a slight dilution factor due to the merger, but no it is only slight. Why am I falling for it? As you have so kindly pointed out before, the multiples for listed companies are quite nice. The shares convert down, the eps converts up, and FAMH, finally, WILL BE FAIRLY VALUED WITH A REASONABLE PE MULTIPLE. <<Nine cents a share now? I wonder what next week's excuse for having no audit would be? The auditing firm's building burned down?>> Where did you get the 9 cents? Is it reasonable that there might be a slight, very slight dilution to due to the merger? I guess you, once again, put 2 and 2 together to get negative infinity. You have falsely assumed one thing to be true, and then used it to come to a false conclusion. <<Let's see... 4.5 cents a share EPS on current shares (9 cents on 20 million shares, but 40 MM shares now) gives us a p/e of over ten. Fifty cents seems about right.>> See previous response. Ok LE, tell me now how those "other" companies in the same industry are trading at a PE of 10. Why are you using those figures? What will FAMH make in '98? Even with just 75 percent of what Myriad made only last year, with just the 2.2MM that FAMH made last year, of course that doesn't count: --cost reduction through consolidating administrative tasks. --expanded client base and new services. --Miami office opening and accelerating sales in Houston. --IT, yes IT contracts with Allied Signal and D&T. --Feb up 28 percent in sales. --Current contracts expecting at least 12-13MM for existing offices. --Myriad inking next week. So, aside from those minor details, if FAMH made just 4MM in '98, with 40MM shares that .10 eps. So I guess it's way overvalued considering the industry average should put the share price around $3, AT LEAST!, but you don't own any shares so why the bleepity bleep would you care? That's right, we all need to be intellectually baby sat on this thread. <<Expect the usual run-up at the bell as the MM's skin the new batch of shareholders, followed by the usual long downward slide as details come out... or fail to.>> Gee, which long downward slide are talking about? The one Jamie Orr was allegedly involved in? Look at the charts, listen to the ticker, look at the stability of the price in light of the exchange we are on (oops, not we, everyone but you). <<Can someone point out to me why the financials (which were supposedly done per their earlier release) could not be printed while they were in these negotiations? Is it illegal to do two things at once (or to get one thing completed)?>> There are a number of plausible explanations. But lets look what has been done: 1.Significant contracts. 2.Doubling of share price since November levels. 3.'98 sales increasing by a factor of 1000 PERCENT. 4.Expanded IT initiative. 5.Commitment to get FAMH onto a bigger exchange, and then the follow through. Tell me how FAMH is undervalued. Tell me why it isn't worth at least 4 times what it is now, if not more. Tell me how they will not make enough money to warrant current price actions and then back it up with something that you can lose---I have: I'M A SHAREHOLDER! For those who don't remember, LE once said he was dumping all his shares before trading was halted, and at the morning bell. Cheryl's follow post with the morning's trading log was the proof in the pudding. Jin. This pig's not going down this easy.