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

To: Double Dipper who wrote (13742)	4/24/1998 6:52:00 PM
From: jacksoo	Respond to of 27968

Any news on after hours?

To: Double Dipper who wrote (13742)	4/24/1998 7:06:00 PM
From: PsycProf	Respond to of 27968

Kevin: I know a manic-depressive case when I see one. And you my friend are definately not one. I'd say just an investor that has a low tolerance for ambiguity. BTW, the share of FAMH I am holding for you is now worth less than .50, sorry. If it goes back up to .50 you can trade it in for a can of Dr. Pepper here but that would mean you are out again. Regards, -PsycProf

To: Double Dipper who wrote (13742)	4/24/1998 7:09:00 PM
From: Mel Viticus	Read Replies (2) \| Respond to of 27968

I could go on and on but I choose not to cause any undue fear or speculation to the loyal shareholders... Kevin the purpose of this thread is to talk about ALL aspects (good and bad) about the stock and its prospects. That's the only thing that bumms my high about this thread is the thin skinned who don't want to consider the downside. We have to consider all ramifications to make ongoing investment decisions. Go ahead, let 'er rip. Now that you're on the other side maybe you can provide an ongoing dose of reality to temper the unmitigated exuberance that sometimes prevails here. Mel

To: Double Dipper who wrote (13742)	4/24/1998 8:49:00 PM
From: cadson	Respond to of 27968

Kevin: Are you sure the document want FAMH to submit is SB-2 filing I have included the description of what this form is below. I think what you may looking for is a Form 10 SB filing. I any case both forms must be filed with the SEC then the SEC has period of time (60 days) to make comments and then it is released to the general public. Is that the process you think FAMH should go through at this point? Form SB-2 - To Raise Capital in Any Amount If your company is a "small business issuer," it may register an unlimited dollar amount of securities using Form SB-2, and may use this form again and again so long as it satisfies the "small business issuer" definition. One advantage of Form-2 is that all its disclosure requirements are in Regulation-B, a set of rules written in simple, non-legalistic terminology. Form SB-2 also permits the company to: Provide audited financial statements, prepared according to generally accepted accounting principles, for two fiscal years. In contrast, Form S-1 requires the issuer to provide audited financial statements, prepared according to more detailed SEC regulations, for three fiscal years; and Include less extensive narrative disclosure than Form S-1 requires, particularly in the description of your business, and executive compensation. Companies have used the small business forms in dramatically increasing numbers since we revised the forms in 1992:

To: Double Dipper who wrote (13742)	4/24/1998 9:18:00 PM
From: Mark[ox5]	Read Replies (3) \| Respond to of 27968

To All: (before I begin, Dexx dont send me a snotty response, I do believe I have the right to outline my reasons since I have been here since 11/97) Today I did sell my entire holding in FAMH. Unlike some here, I still made a good profit.. not as good as when it was .68, but not bad for 5 months. I DID NOT sell for lack of belief in long term goals of FAMH, and for the most part it was personal reasons having to do with my age and amount of capital I have. If I could plunk $20,000 in FAMH and not look at it for 1-2 years then I think I would be in great shape down the road. I am not in that position (yet) I DID sell because unlike many of you (judging from todays comments) I was looking forward to the reverse merger (even if it meants 4:1 or 3:1 ratio and loss of shares).. I know that sounds illogical to some; to be happy to lose 75% to 66% of your shares, but I think it was well worth it at this stage of the game for a NASDAQ listing (and no I would not of been happy with a RevSplit, only a RevMerger) As recently as 8 days ago, Ira was saying once the reverse merger goes through than the shares O/S and float would return to 'normal' levels for this sort of stock. Well now there is no reverse merger... and a lot of shares. I have only been in penny stocks for 6 months or so, but I am a quick learner (in my own mind at least). Except for a few exceptions I see MANY (not ALL) penny stock players as momentum people, not investors. Most every OTC-BB stock board has a few straggled "investors" waiting for their ship to come in... and every so often a bunch of happy go lucky momentum people join in when news is good.. but then they leave a few days later, once the momentum is gone. And the stock drifts... even good stocks get left straggling on OTC-BB because there is only so large a buying "pool" willing to play OTC stocks. (that is a big difference from NASDAQ, AMEX, or NYSE) With a small float, you can get to the desired level ($5) with just a few hundred to a thousand investors... but as the float increases the harder it gets to move upward. Why do I bring that up? Simply because Firamada needs a lot more people willing to take on the risk to soak up the outstanding float and move this stock to reasonable levels ($3 - $4) to begin a listing for NASDAQ. Because IMHO there is a lot of scorn on SI for Firamada (including on this own thread), and IMHO many penny investors use sites such as SI to aid their investment decisions I think it will be hard for Firamada to get enough people to look over all the PERCEIVED negatives...fairly or not. (yes I do use investor psychology when judging stock picks and shorter term movements) When I saw a BRIGHT light of NASDAQ listing the dilution of shares did not bother me AS MUCH because I knew FAMH would be on display for many many many more investors... but at this juncture that is still a long way off. (NASDAQ listing) The question may be, Mark--why did you invest in FAMH way back when there was no hint of an early NASDAQ listing? Well i did because the shares O/S was much much smaller and the EPS #'s were much much higher. Also--- I have NO Idea to be honest what the restrictions are on all these extra shares. What if they can be sold in 6 months? in 3 months? in 10 years? The problem is Firamada doesnt tell us these basic things. We dont have a 10K to analyze or even a 10Q. So someday the float could just be increased by 30% and we wouldnt even know. I try to make it a habit to invest in stocks with small floats.. with FAMH I dont know what the float is now.. what it will be in 3 months, what it will be in 6 months... (once again my wishing for the reverse merger to get rid of all these O/S shares) Also--unlike some of you, I DO feel the financials were (before the past 3-4 days downturn) already IN the price.. as I felt Myriad was IN the price. I may be wrong... I hope so for continuing investors. I dont take much stock in the dueling press releases today but I agree with Dave Brown about his concern over some wording. 1) Ira basically has said once ATXI is aquired he was going to sell it off... if you read between the lines. So therefore the statement "'We were unhappy with what we found relating to the management and business practices of Atrix. We uncovered what we feel are a sufficient number of inequities and other problems resulting from what is, in our opinion, poor leadership and poor decision-making.'' makes no sense to me other than to stab at ATXI... really FAMH shouldnt care how the business was run if they were just going to sell off the assets. They said they were going to have 12 of the 13 board seats so why would they care about present management?? And for those who are going to argue that it DOES matter, I think you should listen to the CC's and how Ira was happy to have $4 M (which he kept repeating) in assets to sell off once the merger was done. 2) From the ATXI PR officials cited Firamada's lack of responsiveness in supplying Atrix International appropriate and timely information concerning its operations That COULD be a bunch of baloney & from reading the thread today it seems some feel it is.. but I don't see it that way. ATXI is just complaining about the same things shareholders on this thread have been complaining about for 4 months... "appropriate information" such as financials and share dilution being the 2 paramount issues. <On a side note; ATXI is dead now> Last...and once again this is short sighted.... and long term investors can skip this part.. but: FAMH had average shares outstanding of lower 20M range in 1997, so I assume around Dec FAMH had somewhere around 30M shares. That still gives us 18M+ shares printed in 3.5 months. I have asked and emailed and spoken to Ira through messaging about this, and have only gotten responses such as "for growth". That is too vague for me, especially at this stage. For the very short term .. we had .1085 in 1997 on lower 20M range of shares average. Yes there is revenue growth through the small aquisitions, IT people, and core (20%?) revenue growth but IMHO 1Q 1998 wont be so happy. No Myriad revenue or EPS will kick in ... and you will have 2x the # of shares as you had for the Dec 31 1997 financials of .1085. So 1Q 1998 results should be released btw mid May to end of June.. and since I dont think they will be pretty, my short term outlook will to be on sidelines. 2Q ends June 30, 1998 and it should be better with all the new revenue streams.. but at that point will it still be 50M shares outstanding? Or more? Even with "only 50M" shares that is double the 1997 shares O/S so FAMH has to grow EPS at 50% just to keep EVEN with their 50% increase in shares O/S. 2Q should report sometime btw Aug 15 and Sep 30. So that is also quite a ways away... By 3Q 1998 I think FAMH should be humming along very well.. especially with Morton Downey profits.. but once again, for ME (who I make the investment decisions for) that is quite a ways away and I can't afford to have "dead" money around, which I think will be the case with FAMH for a bit.. until much of the confusion is cleared up and credibility restored. Once again, it will take new investors to move FAMH upward.. not the current bunch--- so they have a lot of mess to sort through to put their hard earned money into. I hope Firamada takes more steps to act like a NASDAQ company if they wish to reach it.. they keep us way in the dark on IMPORTANT issues such as why shares are issued, and the basics of the financials.... Anyhow, if you got through all that .. basically my position is short term cloudy, long term good as long as Ira stops issuing shares. I will take my seat along Kevin (who I think is taking an unkind beating by some here) at the 0.50 FAMH line, and I will be more than happy to pay for seats at the .75 or .95 yard line if many of the above issues are cleared up. I hope to be making nice returns in other stocks in the meantime, to hopefully pour back into those "end zone" seats. Everyone needs to do what is right for them, and please dont take this as a bearish post.. I just am outlining some concerns which I could overlook as long as we had a NASDAQ listing.. but not right now. Definately wont stop reading the thread, and heck if it drops enough in the near term might be tempted to buy in a small portion. Best to everyone!!! I will be here still :) Mark