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


To: CO who wrote (7686)3/23/1998 6:08:00 PM
From: Cheryl Reifsteck  Read Replies (2) | Respond to of 27968
 
Does anyone have access to after-market trades? If I read this correctly there were several shares traded after the bell that went as high as .64, but of course I could be wrong.

quote.com



To: CO who wrote (7686)3/23/1998 6:09:00 PM
From: HRAKA  Read Replies (2) | Respond to of 27968
 
All,
I had an order to buy for .59375 for the last hour - was not executed.
Hraka



To: CO who wrote (7686)3/23/1998 9:58:00 PM
From: HRGuy  Read Replies (1) | Respond to of 27968
 
Buster

Using 6 million shares just doesn't seem right.

See if you can follow my logic, using the numbers in the press release

1997 FAMH EPS = .1085
Current outstanding shares FAMH = 40 million

New Nasdaq FAMH EPS = .36
New Nasdaq FAMH Outstanding Shares = 11.97 million

EPS = Earnings/Outstanding Shares
or
Earnings = EPS * Outstanding Shares

Both Earnings assumptions should be the same, therefore

.1085 * 40,000,000 = .36 * 11,970,000
$4,340,000 = $4,309,200

Not too far off, but what I have a problem with is the fact that they are applying the .1085 EPS to newly issued shares. Now I see why your math actually works its basically making the same assumption.

Note this doesn't account for the buyback nor is it out of the realm of possibility that FAMH without this reverse merger could have an EPS of .1085 for 1998.

Boy I hate posting this but as my boss always says the numbers will set you free.

Lets be more honest with our assumptions IRA!!!

CJ