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

To: Freddie Forte who wrote (24684)	10/8/1998 9:48:00 PM
From: Little Engine	Read Replies (1) \| Respond to of 27968

Freddie, it's a nice idea, though unworkable. You wouldn't get every single shareholder to sign to that effect. Even then, you have thousands of former shareholders who could sue if they felt like it. As the saying goes, anyone can sue anyone else. Since I'm usually the first with "outlandish" theories, here's one to explain the low volume: perhaps the numbers won't arrive on time. Perhaps the price is not reacting since there are no numbers yet. I've heard the same "everybody's going to sue if..." theory applied a million times before, though. Everyone will sue if Ira lied about FAMH profits, for example. He obviously lied, and nobody sued. Everyone would sue if the earnings weren't out May 1 as predicted... everyone would sue if the financials had not been filed with the SEC as Ira said.... Suing to gain what would be my question. They have no assets that you can grab, unless you want to own 1/100 of some office furniture or something. Guaranteed costs on your part, with little hope of anything in return. I think I finally understand how Arif is thinking regarding the possible return of shares. That is, he could return every single share he owns, and still get sued. So why bother? It's easier to stick around, pay himself fat bonuses from stock proceeds (approved by the "board of directors", of course) and take his chances. I think that once the corporate treasury is bare Arif will sell out his shares to a speculator for next to nothing. At .01, he could get maybe $400,000 out of the deal? Not a bad deal for him. Here's my best advice. Get a bunch of shareholders, sort of a "Committee to save FAMH" and promise Arif (assuming they don't register .1085 EPS) that you will sue him unless he sells out to Randy Malinoff. Arif disappears, and maybe you get a straight shooter as CEO. Stranger things have happened.

To: Freddie Forte who wrote (24684)	10/8/1998 10:01:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

I agree with you that someone has got to have some information on what the '97 numbers are. I cannot believe that a 9 cent stock will announce 10 cents per share earnings. IMO its going to be a loss. Also IMO its past the point of Arif making restitution. He can give back 30 million shares and still be sued. It only takes a couple of investors to initiate a class action, not all of them. The area that none of us knows about is law. We keep talking about the March release of the .1085 1997 earnings, but what about the investors who bought based on the six year pro forma. That was retracted. Why couldn't a class action be brought on that issue alone? There is probably some loop hole where FAMH can announce a loss for 1997 and not be liable. I'm not saying that would be fair, but it could be the law. I still think you will see a reverse split. IMO if someone or some other staffing company doesn't take an interest in FAMH and buyout Arif, the bid may hit a fraction of a penny. Before everyone flames me for my comments, remember, you guys have zero confidence in Arif.

To: Freddie Forte who wrote (24684)	10/8/1998 10:02:00 PM
From: STEVE SAMEULS	Read Replies (1) \| Respond to of 27968

Freddie (regarding your assumptions or post), we need more details like who was selling into our buying from 30-65 cents. Where did they get all the shares. How did the float increase? We were told no shares were issued for acquisition. How did they get into the FLOAT? Arif giving back only 30million? How much selling into these lies was done at 30 cents plus? I would be insulted by the gesture, but would probably take it to reduce my loss. But then again, so would everyone else and everyone else would be trying to sell on any uptick to just get out from this pathetic mess. I wonder if the majority would like him to be punished or impeached like Clinton on moral grounds if your assumptions are correct? How can he make a deal with all individual investors? Aren't criminal charges a little different then civil? Just one really pissed shareholder that feels completely naive with regard to company officials following the rules set by the SEC. Fraud is criminal and his punishment for greed should be that he is required to return every last share he owns and resign. He took advantage of shareholder trust and his position if your post is correct. What about Ira? Should have known it was too good to be true, but just couldn't believe company officials would so blantly violate SEC laws.