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

To: JIN CHUN who wrote (6462)	3/15/1998 2:55:00 PM
From: Stuart Lloyd	Read Replies (1) \| Respond to of 27968

Correct me if I'm wrong... But, didn't the reverse merger press release state that the swap was nearly 4:1, not exactly 4:1. Look at it this way...If current undiluted 1997 earnings = $0.1085, and post merger undiluted 1997 earnings = $0.36, then the relationship is 3.317:1 I believe that the press release stated that all the earnings were from FAMH only. So rather that stating that your equity declined as a result of the conversion at 4:1, my contention is that any conversion slightly less that 4:1 will maintain equity. Please respond???