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

To: Double Dipper who wrote (15431)	5/6/1998 8:33:00 PM
From: Freddie Forte	Read Replies (1) \| Respond to of 27968

I agree. A reverse split is a radical move. If the company's rock solid, why do it ? I don't like this proposal one bit. If the company's so undervalued as Ira emphatically states, get that share buyback IN FULL GEAR and reduce outstanding shares. That will demonstrate a commitment from management to get O/S under control. This will just have another negative effect on this company. This is a bad move.

To: Double Dipper who wrote (15431)	5/6/1998 10:27:00 PM
From: ElGator	Read Replies (2) \| Respond to of 27968

Kevin: You are correct in that we are going nowhere at present. Ira needs to do something to move to the next stage, which is to obtain the NASDAQ listing, and that is what he is trying to do. Keep in mind that there is a big difference between a company doing a reverse spilt for reactive reasons, e.g., a fading company like ATRIX doing one to prevent loss of the NASDAQ listing, and a growing company doing one for proactive reasons, i.e., to obtain one. I recently went through this with another company and it turned out well. Technically, this one isn't even a reverse split and I would certainly like to have warrants allowing me to buy several thousand shares below market at my convenience. FAMH is not a BB scam, it is a real company, with real earnings, in a good industry. I have used them for staffing needs and will use them again. I can assure you that they are every bit as "normal" as any other temporary or permanent placement firm I have used, and I've used a lot of them. To get the PE it will deserve once earnings are reported in the prescribed manner, it has to get off the BB. To that end, and I hope Ira reads this, he should hire someone who has done this before, and is highly familiar with the machinations of taking a company from the BB to NASDAQ, to handle the entire transaction. There's a lot to it and it isn't done overnight. Given the opportunity, the BB market makers will fight every inch of the way and try to short the stock, below the $4 (for Small Cap) or $5 (for NMS) minimum required for NASDAQ listing, in order to keep it on the BB. The only real remedy to this is for the company to come in and support the share price by purchasing shares on the open market. To avoid this, it might make more sense to do a share exchange resulting in a share price high enough that it does not invite trouble. Ira's comment relative to the self-defeating effects of some of the sophomoric comments that fly around this thread is right on the money. If people don't have anything better to do, maybe it's time to call FAMH for help finding a JOB. Seriously, let's lighten up; this looks like it could be one of the few great opportunities around and we don't want to impair it or scare people off before they even look at it. As far as Ira posting in SI, he is not the only corporate officer that does that and I think it's decent of him address the concerns of his shareholders in a public forum. He does not have to do that. He has at least as much at stake here as we do, so let's be a little patient, give the guy a break, and see what he can do. BASTA