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

To: Terry Lyon who wrote (23173)	8/19/1998 6:14:00 PM
From: R. Murphey	Read Replies (2) \| Respond to of 27968

TL: Was that 8 million for '96 or more likely '97, after an acquisition? The 8 million for '97 matched with the PR's related to Myriad and the subsequent estimated revenues. Then again there were some really big estimates............ of where they will be in 1-2 years.

To: Terry Lyon who wrote (23173)	8/19/1998 6:14:00 PM
From: Freddie Forte	Respond to of 27968

Terry....When did Arif say that they did 8 million in sales in '96? Just curious. This will be lie number 37.

To: Terry Lyon who wrote (23173)	8/19/1998 6:25:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

The $.06 per share loss doesn't seem that bad for a $.16 per share stock. Maybe I am missing something, but how can 1996 have an interest expense of $122,000 without any interest bearing debt on the liability side? What generated this $122,000? Also based on the small amount of assets, it looks like Arif was working out of his garage. A general rule for solvency is current assets being 2 times current liabilities, 1996 FAMH's current liabilities are 4 times current assets. The negative stockholder equity of $800,000 doesn't seem bad. A couple years of profits will wipe that out. What is payroll taxes payable $800,000? and what would they have had to do to have payroll tax penalties of $253,000?