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

To: ElGator who wrote (23969)	9/17/1998 9:58:00 AM
From: R. Murphey	Read Replies (1) \| Respond to of 27968

El Gator: So, does this scenario "beg-the-question"? <<If there is clean-up/catch-up work to be done, it obviously makes sense to use the company's own accounting/clerical staff to do the work. You don't want to pay an outside CPA to do entry level account reconciliations, journal entries, data entry, etc.>> If the magnitude was such that all of this wasn't done, over an 8+ month period,.......... how did they know they were profitable? Could it have been simply because they still had money in the bank, regardless of any [unposted]liabilities or revenues? Was there difficulty posting assets for three(3)+/- small offices? Makes one wonder about the accuracy of data furnished to Bristol Asset Management. How much longer for audited 1996's? It's been a month awaiting a final, "possibly material" piece of information to wrap that up. If it was a "possibly material" liability, from 1.5 years ago, shouldn't they post it and note it as a contingent liability in the notes.