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

To: Gary Smith who wrote (16871)	5/11/1998 5:31:00 PM
From: Double Dipper	Respond to of 27968

First of all - anyone who believes for a single moment that IRA didn't know how long it would take to get a filing through the SEC after more than 4 months of preparing for it is simply naive. Secondly, it is quite apparent to me that the numbers for 97 were real as stated then, but we have quite a different looking company now. The profits for 97 ARE NOT SUSTAINABLE at these share levels. It appears to me that the company is trying to buy a lot of time for the new company entities to report their earnings and we are all betting on the company's future earnings power. We are buying time for the Myriad, the staffing entities and MD to come through to support our larger share base. Anyone who can't see this is just blind or refusing to see. IRA and ARIF are betting that the company is for real and the future profits will prove out in the LONNNG RUNNN. If we matched current share count to last years profits we would be in the minus column. But when you compare future profits to current shares we have a positive EPS. The problem appears to me to be one of timing. How do you give out the numbers and maintain shareholder confidence. The answer is also simple. Tell the truth and rely on shareholder INVESTOR confidence to do the rest. Well not many shareholders will sit put for that because they want Fast profits now. Sorry folks, not gonna happen this year. At least not anytime before their third quarter when ACTUAL earnings are in and REPORTED. Kevin - willing to hold till next year with my current shares on the shelf.