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

To: Omnichrome who wrote (7636)	3/23/1998 3:05:00 PM
From: CO	Read Replies (1) \| Respond to of 27968

Omnichrome, The 1997 .36 eps (POST merger) makes sense to me. FAMH has an eps of 10.85› eps on the weighted average of outstanding shares for 1997. If you take the 10.85› and multiple it by 4 = 43.4›. The 1997 eps for FAMH after a 4 to 1 share exchange would then be 43.5›. Now you have to factor in the number of outstanding shares that the NASDAQ company has outstanding, which is roughly 1.4 million. That is what gives FAMH a 1997 .36 eps instead of the 43.4› eps it would otherwise have with just a 4 to 1 share exchange. Cheryl

To: Omnichrome who wrote (7636)	3/23/1998 7:13:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 27968

Omni, thanks for asking.. it made me look twice. The press release states: <<Firamada said its 1997 revenues will be the sole basis for calculating the post-merger EPS. Based on its pre-merger EPS of $0.1085 for 1997, and the proposed 11.97 million post-merger total number of shares, the new EPS calculation for a NASDAQ-listed Firamada company would be about $0.36.>> You stated: the 4:1 share exchange is based on 40M shares. Its not, its based on the 1997 average outstanding shares.. 22M or whatever.. close to that #. From 1998 standpoint that EPS will be halved, but the merger is based on 97. Doing ***********, Mark