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

To: Lurker who wrote (21653)	7/8/1998 8:36:00 PM
From: Gregory Acuna	Read Replies (7) \| Respond to of 27968

Greetings All, Most of you may be upset by my post, but this is the only forum I have to discuss what I believe are very important issues concerning FAMH. I was a long term stockholder in Firamada until yesterday. Even though I believe there is a good chance for the company to grow and do well, my personal financial situation made it impossible for me to sit around and wait any longer. I have done some day trading, but FAMH was a stock that I had planned to sell slowly, some after a few months, the rest over the years. Unfortunately my near term expectations were raised beyond the reality of the situation. Therein lies the point of this message. Two days ago I had a long conversation with Randy Malinoff, President of FAMH. I found him likeable, straight-forward, and he gave me the impression that the company is now in good hands. And even though I believe the new management has also already made mistakes, I wish him and the company the best of luck. Yet, I believe it's important that stockholders' rights be protected. I hope it doesn't upset Mr. Malinoff that I quote him, but he told me that Ira Monas had told a "ton of lies." And that is a direct quote. I asked Mr. Malinoff if his statement could be the basis for a class action suit against the company. He said he could not comment on that. I bought FAMH, held FAMH, and added to my holdings over the course of months because of what I read in FAMH Press Releases, heard during FAMH Conference Calls, and discussed directly with former FAMH president Ira Monas on two occasions. There is a difference between "forward looking" statements and outright lies. I don't want to go over a long list here and now, but a few things which I have come to believe were misrepresentations include: * Statements by FAMH that the financials were to be released months ago, * Statements by FAMH that the financials were released to the SEC, and * Statements by FAMH about how many shares were outstanding at different times. As investors we look to the company to release the truth. If they are involved in manipulations for whatever reason then we are at peril and that is NOT how this is supposed to work. Of course I was not pleased when Mr. Malinoff upon becoming president said the financials would be released shortly and then switched plans, supposedly because of the new accountants. Nor did I like it when we recently found out that the audit which we had been led to believe was completed had only just begun due to a number of issues. These points were the final straws for me. There are more. So I decided to take my losses, which for me are considerable, and try to make the money back on other stocks. I'm wondering what can be done about this situation? What are the options? What do other people think? How could we proceed? I am a writer who more or less just gets by financially. I'm not in a position to start a lawsuit, though I feel something should be done. At this point I will call the SEC and ask about it, but I'm interested in knowing whether anyone else feels like I do. To everyone who is still long in FAMH I apologize for having to bring up issues that aren't great for the stock, but FAMH needs to stand on it's true merits and not on what we recieved from the company for some months. I am not trying to bring the stock price down for my own personal gain. These are real issues and this is probably the best forum to discuss them. I am posting using my real name and will give an e-mail address if anyone wants to contact me directly: gregacuna@hotmail.com I hope people will understand the spirit in which I am posting, and that there can be a positive discussion from what has been a negative situation. Finally, I hope I don't get too many flames -- since I sincerely believe I don't deserve any. Greg Acuna