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

To: JIN CHUN who wrote (11707)	4/11/1998 3:12:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

I want to see the audited financials. Of all the good things going on , not releasing the figures has me skeptical. Other posts have said ATXI management and the IRS must have seen them and liked them. Doesn't that upset any of us "owners" of the company that outsiders have seen what we have not? If Ira is concerned about shareholder value why not release how the company made $.1085 per share. There are companies out there losing money that have a higher stock price than ours. If our earnings are from continuing operations, calculated on 40mm shares, the price would go up no matter what exchange it was traded on. Still holding, but putting on my parachute.

To: JIN CHUN who wrote (11707)	4/11/1998 3:34:00 PM
From: Warthog	Respond to of 27968

FAMH estimate 0.68 may 1st. Assumption, there are 45 million shares of FAMH currently, the number of shares has increased by 5-9 million shares since the stock buyback plan of feb 25th. Assume that on May 1st the number of shares is at 50 million give or take a million. Assume that the reverse merger goes thru at a favorable 2.5 to 1 ratio. We know approximately that the EPS (based on 11.5 million shares) was to be 0.36. After the merger (based on the above assumptions) there will be about 22 million shares, or twice the number the 0.36 eps was based on...new eps 0.18. Assume that the initial PE will be 10 (it most likely will grow to 20 after several quarters of positive eps). Then the new stock price will will be about $1.80. this is equivalent to about 0.68 per share of FAMH. opinions? collin