Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY! -- Ignore unavailable to you. Want to Upgrade?

To: JIN CHUN who wrote (48)	3/15/1998 10:07:00 PM
From: Wink	Read Replies (1) \| Respond to of 65

Post merger: According to the recent press release... "Given a post-merger adjusted 1997 EPS of $.36 based solely on Firamada's earnings..." If this rings true then the shell company would have only about 1.1 million shares outstanding. Look at the numbers below. Shares as of 12/97 is about 20,000,000 with earnings of $0.1085. A post merger would be 4:1 for about 5,000,000 shares. At $0.36 a share, we would need about 6.1 million shares at $0.36 to get the same net income of $2,170,000 6,028,000 x .36 = $2.170,000 and 20,000,000 x .1085 = $2,170,000 Note that the actual shares are now 40,000,000 and not 20,000,000 so going forward will be less then the refigured "1997" numbers as stated in the news release above. This gives two indications going forward: 1) That the shell company does have a limited number of outstanding shares, somewhere in the neighborhood of only 1M (unless the news release is incorrect). This should give us some direction as to who this candidate is, and 2) With a "post 1997" 4:1 split we now have 10,000,000 of FAMH and 1,000,000 of the shell company to give us a total of 11,000,000 shares. If FAMH is the only one with earnings then we have a post merger earnings per share of about 19-20 cents based upon FAMH's 1997 earnings Note that the press release could be read the way I envision here or it could be 36 cents as stated. Comments?

To: JIN CHUN who wrote (48)	3/16/1998 1:56:00 PM
From: JIN CHUN	Read Replies (1) \| Respond to of 65

To All: LATEST PRESS RELEASE Firamada, Inc. Announces Myriad Closing And Profitable Finance Division Projections March 16, 1998 01:22 PM NEW YORK, March l6 /PRNewswire/ -- Firamada, Inc. FAMH today announced that successful meetings late last week will allow them to close the Myriad acquisition within fourteen days. Firamada, Inc., has received highly favorable terms from the Internal Revenue Service which will completely eliminate the tax liens placed on Myriad. Firamada's agreement with the IRS will result in an initial payment of $1 Million, followed by payments over the next seven years totaling $3.3 Million. This agreement will remove all IRS encumbrances from Myriad and will not place any future restrictions on Firamada. Additionally, Firamada also proudly announced that projected first quarter profits (through March 31, 1998) in their FINANCE DIVISION ALONE should total approximately $374,000. Firamada President, Ira Monas spoke confidently about these results, "With the completion of the Myriad acquisition, and with Firamada's ever-increasing participation in the lucrative fields of payroll financing and IT placements, 1998 is quickly shaping up to be a record year for Firamada and its shareholders. We are amazed at how rapidly we are growing and gaining momentum in this industry, and we believe we are just getting started." This press release contains forward-looking statements with respect to the results of operations and business of the Company that involves risks and uncertainties. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. SOURCE Firamada, Inc. Worried about security? Please read this. If you're not using Microsoft Internet Explorer, you're not seeing all that Microsoft Investor has to offer. Terms of Use and Privacy Policy. cÿ1998 Microsoft Corporation and/or its suppliers. All rights reserved. c 1998 PR Newswire. All rights reserved.