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


To: tonto who wrote (16197)5/8/1998 8:02:00 PM
From: Little Engine  Read Replies (1) | Respond to of 27968
 
You are correct --- this is not a balance sheet at all. Sorry to follow the sheep and act as if it were.

No wonder it doesn't make sense.



To: tonto who wrote (16197)5/8/1998 9:10:00 PM
From: Prophet  Read Replies (2) | Respond to of 27968
 
Tonto, you should pass along your name to all these "Tontos" (Suckers) in this thread. Ira has given them the short end of the stick again and they think they have the long end. That's what a call a poor excuse for audited financials. Ira all of the sudden has become a Wall Street Analyst, predicting his own numbers since there is no one out there predicting them for him. Basically, the pro-forma portion of the financial is garbage. It has no value to estimate the future value of the company since he does not give a base to compare it against. Where is the income statement for last quarter as originally promised? I feel sorry for those long term investors in this thread that have been taken for a ride. It has became obvious that all FAMH news announcements have a negative effect on the stock. Ira should learn to keep his mouth quite. You should read LE's posts.



To: tonto who wrote (16197)5/8/1998 9:14:00 PM
From: Andrew H  Read Replies (1) | Respond to of 27968
 
The Emperor Ira has No clothes!! I guess he must be with Jane, playing on the beach!

Can't everyone see that the Emperor has no clothes?

>>Ira did not come through, period. First he gave us on two different occasions statements that the filings were sent in to the SEC. Yesterday it became obvious that is not the case.

He then advised and released the following press release stating that an audited balance sheet would be released. It was not, period

Read once again his release stating that they have released an audited balance sheet. If they have where is it. What has been posted in no way can be considered a balance sheet. Ira, shame on you!<<

Yes, double shame on you Ira for never releasing those audited 1997 earning you promised so long ago.

Hang your head in shame!!! Stop with the silly projections and release the audited earnings. Or are you afraid to???

What are you hiding from shareholders?



To: tonto who wrote (16197)5/9/1998 12:03:00 AM
From: JOEY  Read Replies (3) | Respond to of 27968
 
Tonto:

I just read your long winded non-conclusive report on "What is a balance sheet".

Accounting 101 states a balance sheet is a picture, at any given point in time, of a company. Specific information relating to the balance sheet can be found in the Notes to the audited financial statements. So if you want specifics, wait for the full audited report (ie. income statement, cash flow, statement of retained earnings, schedules, and notes). No where does it state that you need "specifics".

This BALANCE SHEET looks pretty healthy to me. With VERY little debt, and huge cash, I think the company is in great position. It can be very self-sufficient, not needing any or little outside financing to grow.

If you disagree, please enlighten me with "specific" problems/numbers with the balance sheet. The article you referenced doesn't seem to apply. It is all mumbo jumbo.

Thank you Ira and I am looking forward to the future of FAMH.

Jake



To: tonto who wrote (16197)5/9/1998 8:09:00 AM
From: Turboe  Read Replies (1) | Respond to of 27968
 
Tonto-- Good job re:BS. (It really is BS...)

I am pissed! This stock is going to tank and cost me money.

Why? Lies and deception-- PERIOD.

WHY NOT RELEASE THE FINANCIALS IN A NEWS RELEASE. LOOK AT THE FOLLOWING TIGERSHARK RELEASES-- THEY JUST RELEASED THEM:

biz.yahoo.com

IS THERE SOME REASON THEY _HAVE_ TO BE RELEASED TO SEC FIRST? TGSK DID NOT...



To: tonto who wrote (16197)5/9/1998 3:17:00 PM
From: John Fairbanks  Read Replies (3) | Respond to of 27968
 
I've been quietly lurking for a while but I have to say I am very disappointed
with the proforma. All of you know that I am a long term supporter of
this company and card carrying member of the FAMHily. After 7 months
I sold my holdings in FAMH last week for the simple reason that the
share issuance seems to be increasing and there hasn't been any accounting
for them. The last total I heard was 53MM... a very long cry from the
original 19MM I heard when I first joined up. In light of this it makes
the share buyback look like a complete joke. Why even bother to buy
back shares when you issue them faster than you are buying them back?
You can argue that they are restricted but it still effects EPS the
same as if they weren't, which ultimately effects the value of the
stock.

I strongly believe in the company but I will not own any shares until
the day that I see an accounting of all of the shares issued, and also
receive a promise that shareholders will be notified by press release
each time new shares are issued... or else receive a commitment from
the company not to issue more shares. If the company had stated the
issuance and the purpose for it each time as we went along I could
forgive this since it would let me know it was worth it.

A stock swap, such as has been proposed, is quite simply nothing more
than a reverse split. Maybe the issuance of warrants will help keep
current shareholders happy, but I suspect that the price will still
react the same way. What's really the point though when the shares
continue to be printed? Soon the company will simply be in the same
boat. I strongly believe we would have been over $1 by now if the
outstanding shares hadn't increased.

Anyway, given that a solid supporter and long time shareholder like me
could be shaken convinced me that others would likely be feeling the
same, and I had to bail simply on the grounds of investor sentiment
if nothing else. I can always buy back later if it looks like the
company has it's act together. For now, my money is in a company with
better earnings, a stock buyback, NO new shares being issued except
on a carefully mapped out plan available to shareolders, a very small
float, and audited financials. Perhaps I'll be back someday as a shareholder,
but for now I am a lurker...

Back to lurking...