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

To: Larry Bongiovi who wrote (24743)	10/13/1998 10:32:00 AM
From: tonto	Respond to of 27968

Larry, valid points, except those pertaining to the the board of directors of FAMH. It does not have an independent board. The board of directors met at their annual meeting. One of the responsibilities of the board of directors is to determine the compensation and bonus levels for the CEO.

To: Larry Bongiovi who wrote (24743)	10/13/1998 10:49:00 AM
From: Lonnie A.	Read Replies (1) \| Respond to of 27968

Larry, you make some very good points, however if you had been following FAMH as long as I have you would know what I meant by my statements. Not trying to cut you short, but I took my $10,000 loss this morning and sold my shares. I no longer own an interest in the company and therefore will not comment one way or the other. There are a lot of very good people on this thread who own this stock and I will say nothing that would or could hurt them. I may even get back in myself if the 97 numbers look half-way good. Regards, Lonnie

To: Larry Bongiovi who wrote (24743)	10/13/1998 1:41:00 PM
From: Little Engine	Read Replies (2) \| Respond to of 27968

Larry, I take it you missed the announcement of audited financials from FAMH months ago, stating it as .1085 EPS per share. If those numbers do not hold up... then are they finally in trouble? Months after that, the company said that the numbers still had to be audited, and we await the results of the "real" audit. Either the company had such an audit, or it did not. If FAMH wants to blame former accountants for totally bogus numbers... well, that's what lawsuits are designed to determine. I don't think "safe harbor" applies to announcement of audited earnings, a very "backward looking" statment. I can't imagine that Ira Monas saying the audited financials had been sent to the SEC would be an "optimistic" statement, either. Although that was not in a press release, he did say it to a number of people -- and also on conference calls, if I remember correctly. All of Ira Monas' press releases had him speaking as president of Firamada. Randy Malinoff has indicated that FAMH has no compensation committee. I have not seen any references to the annual board meeting either... when was it? Does a publicly held company have any obligation to inform shareholders of the date and time?