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

To: Little Engine who wrote (20129)	5/31/1998 7:01:00 PM
From: Double Dipper	Respond to of 27968

LE, I said all along that I doubted that the IRS inspected or audited FAMH's books. It was unrealistic to expect that, all they wanted to do was ensure payment was made. Bristol on the other hand - the hand with the money, did know what was going on and I believe stepped in just the way you suggested. I believe that the company is still buying time to become profitable and if they can survive this year they should make it. That is, turn a profit on Myriad and the smaller staffing companies. Myriad has revenue with little profit margin, the small companies have larger profit margins. IRA's plan, according to what he told me, was to have one company with a large revenue base supported by several smaller companies with smaller revenues but higher profit margins. I believe it all had to come together and the company needed to survive past the first couple of quarters to prove itself. Kevin

To: Little Engine who wrote (20129)	5/31/1998 7:25:00 PM
From: David Colvin	Read Replies (1) \| Respond to of 27968

1) FAMH issues lots of stock to Myriad, tied into the "credit line," as they called it, though it sounds more like an equity investment. I am unsure on how much Bristol would make off the stock, and how much off the interest on the loan. 2) Bristol coughs up $4.5 million for the Myriad deal. 3) Ira gives the IRS $1 million, while FAMH sets up an escrow account with the other $3.5 million, to assure the IRS that the debt will be paid. This is, of course, all conjecture on your part, is it not? Could it just be that FAMH showed the IRS their books to establish their ability to pay and the IRS made the deal based on just that...and talked the IRS into a moratorium on payments for, as I understand it, six months? A nice simple transaction, somewhat like financing a home. All you have to do is tell the mortgage company how much you owe and show them how much you are making (your ability to pay the loan). No complicated boolean logic...no mysterious "off shore" financing, just a plain lil' ol' transaction. Not everything has to be a big complicated deal. I'm just a country boy and I'm not very smart (very intellectually challenged in matters such as this) so I like to keep things real simple in order to understand it. The fact is I don't know what happened any more than you do! The difference is: o I admit I don't know o I don't give a rat's ??s how they did it as long as the Myriad acquisition will bring more revenue AND net earnings to the bottom line. Dave p.s. It's really odd how many Wall Street wizards claiming to have the business acumen of Warren Buffet or George Soros haunt the internet now, lowering themselves to actually post on a message board such as this one. I guess I should be grateful for the opportunity to learn, especially when the wizards don't own any stock but grace the boards anyway just for my own good with all the free advice. I just admitted I'm not very smart AND don't absolutely know the future direction of any stock ...why don't they? This not directed at you LE of course because you are our friend.

To: Little Engine who wrote (20129)	5/31/1998 7:47:00 PM
From: JIN CHUN	Read Replies (12) \| Respond to of 27968

To All: I had an excellent conversation with Randy Malinoff, president of Firamada, on Friday while he was at his CA office. Some key points from the conversation: 1) The company has signed on with a new SEC law firm in CA, that is both widely recognized and highly respected. Mr. Malinoff feels that having this firm on board will lend much credibility to FAMH. 2)Thursday night, Mr. Malinoff and Mr.Adam narrowed their CFO list to one person and have tendered an offer to him. This person comes from a big 6 firm, and if he accepts, will be a tremendous addition to the management team. 3) They will not be disclosing any information about any processes until they are complete and not until every "i" is dotted and every "t" crossed. Regarding the financials: Corso's firm is doing it the right and necessary way. Regarding the contract mentioned 2 CC's ago, they will not announce any infor until the deal is signed, although he wanted to. The contract is currently under review by their prospective client's attornies. 4)An executive committee is being formed to clarify and improve shareholder relations and to help bring value back to the company's stock. Issues to be discussed by the committee include shareholder relations, an annual report, shareholder's meetings, and the outstanding share count. 5)Mr.Malinoff stressed the importance of the minority shareholders in the company and their need for correct information and involvement on material concerns. He mentioned that there is no need to waste the shareholder's money, and that their current vision and focus is on maximizing the benefits of the Myriad acquisition by increasing and spreading their service line across all of their offices. Conclusion:(my own take on the conversation and the implications thereof) I have never been more confident in the actions that are taking place within the company, and their future. I am more comfortable now than I ever have been. They are taking the necessary steps, that may at times be painful initially, but will reap great rewards in the end. The ship has been righted, and the internal machinations of the company are in line with what they should have been doing all along: acting like the $70MM+ company that they are. Jin. Off to watch the NBA. I apologize for the slowness in responding to PM's. ps: LE I will respond to every single one of your ridiculous posts in due order and will eagerly await your speculative responses. I issue the challenge now: CALL RANDY MALINOFF, DO THE DD, THEN GET BACK TO THE BOARD, OTHERWISE YOU ARE LIKE THE BEAUTY SHOP BIG MOUTH WHO GETS THEIR CURRENT EVENT INFO FROM THE WEEKLY WORLD NEWS

To: Little Engine who wrote (20129)	5/31/1998 8:38:00 PM
From: John Fairbanks	Respond to of 27968

FYI, my letter to the SEC: To Whom it may concern: I am writing to request an investigation of Firamada, Inc (OTC:BB FAMH). Over a seven month period from October 1997 to April 1998, and again briefly in May of 1998 my investment club was a shareholder in this company. Based solely upon the company press releases and conference calls I believe there is sufficient evidence to prove that the company has intentionally provided false information to investors. Although I realize that posts from internet stock forums are not necessarily "proof" of anything, I have provided a few links to some posts on Silicon Investor. I only include these because I believe they give a fuller picture of what was happening but my case does not depend upon them. "NEW YORK, March 3 /PRNewswire/ -- Firamada Inc. (OTC Bulletin Board: FAMH) announced today the audited financials for 1997 are complete. Within a fewdays this documentation will be released to the public concurrently with thefiling of form SB-2 with the SEC in order to take the initial steps to beclassified as a reporting company. Firamada is pleased to report to its shareholders the final audited EPS for 1997 is $.1085 per share...." This press release clearly states an audited EPS for 1997 of .1085. Notice the promise to submit the financials to the SEC "Within a few days". Obviously this never happened. Although the audited financials were supposedly complete we were put off again and again for various reasons and the odd statement kept being made that when we finally did see the numbers on Edgar that the EPS would be better than expected for 1997. Throughout this time the share count was slowly increasing from the 20MM outstanding shares used to calculate the 1997 EPS. On Friday, May 1st, 1998, the company held a conference call and Ira Monas, President of FAMH, stated the following: 1) 1997 EPS should be greater than expected, probably around $0.11. 2) Financials were being submitted to Edgar that afternoon. On Monday, May 4, 1998, I called the company and spoke with Robert (FAMH's IR representative) and was told that the financials has gone out to Edgar and would appear as soon as Edgar finished entering the financials into the system. I was also told that the shares outstanding had been increased to 53MM. Other investors on SI called the company and received the same information. Others also called Edgar and were told that no filings from Firamada has been received: Message 4314716 Message 4318427 Message 4318615 Message 4320297 (Bottom of post quoting Ira as saying the financials were in Edgar's hands) In a conference call on Thursday, May 7, 1998, Ira Monas stated that although Edgar was taking a long time to post the financials that Firamada would issue a press release containing the financials the following day, Friday, May 8. Although something vaguely resembling a balance sheet was released the following day in a press release, it carefully ommitted the section which showed the number of shares outstanding. (See the FAMH May 8 press release). On May 11, a representative of the StockGuide newsletter posted to SI that he had been told by the SEC that FAMH had never submitted anything to the SEC. (I'm assuming you can verify if you ever received anything from Firamada Inc. :-) ). Message 4409986 In a conference call on Thursday, May 21, 1998, Arif Adam (CEO) announced that the current outstanding shares of FAMH was 70MM, of which approx 40MM was restricted (and of which he owned most of those), and again reiterated that the final 1997 EPS would be better than the stated "audited 1997 EPS". He also stated that the financials would appear on Edgar by Friday, May 29, 1998. In a press release dated May 22, 1998, Firamada announced the appointment of a new accounting firm. In a conference call on Thursday, May 28, 1998, Arif Adam and Mr. Corso (representing the new accounting firm) announced that the 1997 financials were being reaudited and that they would be completed in a minimum of two weeks. Thank you for your consideration of these issues. I look forward to your reply. You may contact me at any time should you require further information. Sincerely, John Fairbanks