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

To: Cat-fan who wrote (10507)	4/3/1998 6:57:00 PM
From: David A. Irvine	Read Replies (1) \| Respond to of 27968

Cat-fan, As far as I know, the tax issue has not been discussed fully by FAMH. It has been speculated by people on this thread (somewhere close to message 3,000, I think) that the tax problem is due to payroll taxes being withheld by the company but not forwarded to the IRS. CPAs on this thread stated that payroll tax problems are the only tax issues where the company principles are liable for the tax burden. This is the case with Myriad. I do not know anything about local or state tax problems, if any. Ira Monas has indicated that the total repayment on back taxes will be approximately $4.3 mil. I assume this would include local and state taxes (if any), but I am not sure. Hope this helps. -Dave (I am a dog fan, btw.) P.S. I agree, don't mess with the IRS! Most people know this, but some people don't learn. As Douglas Adams said: "Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so." -- Douglas Adams, Last Chance to See

To: Cat-fan who wrote (10507)	4/3/1998 7:58:00 PM
From: Little Engine	Read Replies (1) \| Respond to of 27968

Cat-fan, And the great part is... Ira has guaranteed jobs to the Myriad owners, so the same crooks who ran the company into the ground will be running the Myriad business... only now for FAMH.

To: Cat-fan who wrote (10507)	4/3/1998 8:13:00 PM
From: Double Dipper	Respond to of 27968

Cat-Fan, Your question is valid. The answer is simple. Myriad is losing thier company over this issue. FAMH is buying out the company from the IRS for the back taxes Myriad owes. The former owners get nothing, IRS gets 4.5MM and we get the company which is a thriving business entity. We have no liabilities other than to Pay the 3.5 Mil left after the 1Mil down payment is made. This is all outlined in one of the recent press releases and again on our conference call. We are giant winners in this because we go from being a 8 Mil company to approx 70 Mil company in one day. The numbers are general in nature because they have not been released yet, that is the picture. Kevin

To: Cat-fan who wrote (10507)	4/3/1998 8:15:00 PM
From: MY OPINION	Respond to of 27968

Cat-fan, First of all i would like to thank Kentucky , I was the only one to pick them to go all the way. You have very valid questions and being in business for myself i can say "YOU DON'T MESS WITH THE IRS" in response to you questions, I would think it was a combination of #3 and #4 Now we have IRA and i think he can handle whatever Myriads problems were. Lets remember this is a speculative stock,anything can happen. Ira has shown to be accessible to his shareholders,concerned with the stocks valu and growing our company in a successfull manner.My one concern is:ARE WE GROWING TO FAST? We will see. Regards DADDy

To: Cat-fan who wrote (10507)	4/4/1998 2:57:00 AM
From: JIN CHUN	Read Replies (1) \| Respond to of 27968

Cat-fan, once Myriad becomes a division of Firamada proper, they will be under the direct supervision of Firamada inc. If my memory is correct, I believe only one main principal from Myriad is being retained, only because he is well versed in the business and only on an industry standard compensation structure. The details about the lien, or which principles were named from Myriad have not been available, so the question, or rather preposterous assumption by another that the same "crooks" are still in may be a moot point. I posted about 6000 posts ago details from the original letter of intent drawn by Firamada's legal counsel which outlined the stipulations for a full and complete audit of Myriad's books. It seems to me to a direct indication that the company is profitable for the acquisition to continue. From what we have been told, Myriad operated at a net margin of around 4 percent, which is in line with industry averages. If, as per the CC, their lease base has increased from 5000 to 6500( 30 percent ), and if there are others waiting only for their lien to be settled by the acquisition, then I believe that they should bring in a conservative $2.3 to $2.6MM in net profits. On the outside, that's something around a conservative .20 eps. Looking back at a previous CC where Ira had stated a goal for a minimum eps of .20 on 40MM shares of FAMH premerger, it looks as if we will get there and then some. Jin.