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

To: Freddie Forte who wrote (17204)	5/12/1998 5:50:00 PM
From: Leroyt	Read Replies (1) \| Respond to of 27968

Freddie, The line of credit is with Bristol Asset Management. Refer to this press release: biz.yahoo.com It appears, as Arif stated, the line of credit is traded for shares. Shares were issued to purchase Myriad which means there are probably a LOT more shares in the public float. Let's have some accounting of the additional shares. Also, what percentage of stock is held by insiders? I understand that it is more than 50%. later, leroyt

To: Freddie Forte who wrote (17204)	5/12/1998 6:42:00 PM
From: Brad	Read Replies (2) \| Respond to of 27968

Freddie (and ALL): On April 28th, in my 12-Month Projection I suggested using 75 million shares to figure the EPS projection. In case anyone missed it, here is the link followed by a portion of that projection. Message 4243326 ------------------------------------------------------------ SUMMARY of PRE-TAX PROFITS: $ 595,000..................FIRAMADA'S ORIGINAL 5 OFFICES $2,511,000................MYRIAD $ 448,000..................NEW OFFICES & 3 SMALL ACQUISITIONS $3,325,000................IT DIVISION PHOENIX $1,750,000................WORKMAN'S COMP INS PROCESSING $12,500,000..............MORTON DOWNEY JR TALK SHOW TOTAL $ 21,129,000 in Pre-Tax Profits Less Estimated Tax (apx 40%) $ 8,451,600 TOTAL NET PROFIT for this BUSINESS GROUP (Projected)............. $12,677,400 SUMMARY of NET PROFITS: $12,677,400................TOTAL of BUSINESS GROUP ABOVE $ 1,496,000................PAYROLL FINANCING DIVISION ($1,000,000)..............One-Time Payment to IRS 12-MONTH NET PROFIT (Projected)................... $ 13,173,400 ******************************** EPS CALCULATION: (NOTE: Now, again, for the sake of "argument," let's even assume that warrants for the $12 million line of credit could cause additional shares. Let's figure as many as 24 million additional shares (accounted for by figuring 24 million shares at .50 per share = $12 million). That means I am allowing for a generous 75 million shares outstanding... $13,173,400 divided by 75MM = $0.1756 EPS** ------------------------------------------------------------- This is my perception of FAMH. Best wishes, Brad