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


To: JustMy2Cents who wrote (20421)6/5/1998 1:09:00 AM
From: BIGFRED  Respond to of 27968
 
Hi All:

From NOW ON let's make the company accountable. FORGET the past, and if you cannot forget, it is your choice to move on to greener pastures. Thanks for this summary JustMy2Cents. I like what I read.

Thanks

Fred



To: JustMy2Cents who wrote (20421)6/5/1998 1:56:00 AM
From: KS  Read Replies (1) | Respond to of 27968
 
Thank you for the recap...that was a lot of work! I am much more confident about the future of FAMH after hearing today's CC.

To all...I think we all must give this new team a chance, and forget about the past. That is history! FAMH now appears to have a dynamic, well focused team with the determination to turn this company around and make it grow and prosper. We, as investors, and therefore owners, need to support our company and act like we are a part of it. Yes, we can question and critique, but should not attempt to destroy. If it is your intent to destroy FAMH, then you obviously are not an owner and have no place here. Please move on. We can do our own DD and make up our own minds as to how we wish to invest.



To: JustMy2Cents who wrote (20421)6/5/1998 4:00:00 AM
From: tonto  Respond to of 27968
 
Were the sign off requirements of the previous firm mentioned? This provides the new auditors with protection and allows companies to save auditing expense and time.



To: JustMy2Cents who wrote (20421)6/5/1998 6:09:00 PM
From: Dick Lee  Read Replies (1) | Respond to of 27968
 
JustMy2Cents. Outstanding job on the summary of the CC.

Of the CC's I have heard (I think it's a total of 6 or 7), this was clearly the best. Why?

1. We started to address stockholder concerns and Anna Love was allowed to "cross examine" if the answer was not clear.

2. Randy Malinoff came across very well, Arif Adam did not put his foot in his mouth, and Steve Corso was retired after a very brief and F- performance on the last CC.

3. The issue of retiring some of the 70 million outstanding shares was finally acknowledged. Discussions are taking place.

The stock is trading in the 20› range and I expect this will continue until:

1. We see audited 1997 financials for FAMH are released and EPS is in line with 10.85›. I forecast we will rise to the 30› range on this news. Timeframe, early July.

2. There is a release on how many of the outstanding shares will be taken off the table. If we take 20 million out, and that is a big "if", we should see the mid forties again (just takes into account the reduced dilution). Timeframe, unknown, but I hope this is also early July.

3. We start to hear about month to month revenue increases for the leasing and temporary services businesses, e.g., leasing was up 10% over prior month and temp. services was up 16%. Timeframe, unknown.

4. Filing of audited finacials for 1Q, 1998. Timeframe unknown. If we see some encouraging EPS results, this could have the biggest postive impact on the stock price. Perhaps this will get us on track to $1.

Just my opinion.

LTBFV, Dick