SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: Dick Jaffe who wrote (24321)9/27/1998 12:55:00 AM
From: Little Engine  Read Replies (2) | Respond to of 27968
 
Dick, from Freddie's previous post, it sounds like the $95,000 was added to 1996 earnings. It sounds like Freddie said... that it was a journal entry.

Still confuses me that they could use it to prop up 1996 earnings, but I am no accountant.



To: Dick Jaffe who wrote (24321)9/28/1998 7:57:00 AM
From: Freddie Forte  Respond to of 27968
 
Dick.....The thing that puzzles me is that the IRS allowed FAMH to purchase Myriad in spite of the fact they owed Federal payroll taxes of 460,582, unpaid workman's comp. of 108,000 and accrued penalties and interest of 374,900. Obviously, the IRS was aware of this situation, but, still allowed Firamada to do the deal. Apparently, the IRS was satisfied that Famh could meet their obligations. Why else would they agree??