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

To: Wink who wrote (7675)	3/23/1998 4:34:00 PM
From: CO	Read Replies (1) \| Respond to of 27968

I still say that yes the numbers DO add up for the 1997 .36 eps figure. Excerpt from today's press release: ------------------------------------------------------------------ "Based of Firamada's pre-merger EPS of $.1085 for 1997, and the proposed post-merger total number of shares (11,973,195), the new EPS calculation for a NASDAQ Listed Firamada company would be approximately $.36." Excerpt from press release dated March 12, 1998 biz.yahoo.com ------------------------------------------------------------------ ''These terms would be exceptionally favorable for Firamada and our shareholders as this Nasdaq Company brings no liabilities and a very small number of outstanding shares. Given a post-merger adjusted 1997 EPS of $.36 based solely on Firamada's earnings, and with most industry multiples currently running in the 25-35 range, we would anticipate a significant appreciation in the resultant value of Firamada's Nasdaq shares.'' ------------------------------------------------------------------- THIS CLEARLY STATES A POST MERGER .36 EPS for 1997. I believe the line you are referring to that gave a calculation using 1998, should have read 1997. Because the information in the 2 press releases regarding the NASDAQ merger does clearly state a .36 post merger eps for 1997. The eps 1998 ESTIMATE that I heard in a conference call was a minimum of .25 to .30 eps based on current outstanding shares of 40 million. That would equate to .82 to .99 cents POST merger. Cheryl

To: Wink who wrote (7675)	3/23/1998 4:59:00 PM
From: Brad	Respond to of 27968

Wink, I can see where the confusion came. I have been over these numbers so many times you just wouldn't believe it. The press release has a typo in it. The line you mentioned says: "1998 EPS of .36..." The CORRECTION should read: "1997 EPS of .36..." I called the company and they confirmed that is WAS a TYPO! My numbers are correct in posts #7645, 7663, and 7677. 1997 Adjusted EPS 36› (Post-Merger) 1998 PROJECTED EPS 82-99› (Post-Merger) Hope this helps. Sometimes these things can be easily confused. Best wishes, Brad