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


To: Lonnie A. who wrote (24746)10/13/1998 11:48:00 AM
From: Freddie Forte  Read Replies (3) | Respond to of 27968
 
To all the long suffering Famhaholics:

Financials will be on time. Steve Corso signed off on them today. Steve has received alot of information from Randy to now proceed with the new proformas that should be out in 8 weeks.

Interactive conference call scheduled for next week or the following week with Preferred Financial. Shareholders, from all appearances, will be able to ask Randy and Arif questions. No cursing or death threats allowed. Bring your lawyer. Joking. LOL.

No new offices planned until Myriad has some solid footing and consistent earnings.

Firamada's website will be totally reconstructed with the help of Preferred Financial and will include a chatroom for all shareholders and many new features. If I knew the new features, I would tell you.

Firamada has ONLY 2 revenue streams. Staffing and PEO. That's it. Those workman comp. numbers Ira was throwing out were bogus. I commented since 8 million has been bantered about as revenues for 1997 and since only 2 million was attributed to staffing per Randy, where was the additional revenue coming from? Randy said, what additional revenue? They were past management's numbers, can't comment on. UH-OH. There is no way they post a profit for '97, JMO.

Randy now has the proxy for the shareholders meeting. It will definitely happen in November. Somebody in the Long Beach area should attend.

Bristol's 12 million line of credit has not been touched. Nothing has been issued as collateral.

Hope this helps. 98's profit/loss will be key, especially 3rd-4th quarters. This will be Randy's initial stamp on this company.