Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Fitz who wrote (24892)	10/16/1998 8:42:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

Any guesses on what the stock will do on Monday? Also did anyone catch the note in the financials about FAMH receiving an informal request from the SEC to look at their records, although no formal request has been submitted. Stay tuned.

To: Fitz who wrote (24892)	10/16/1998 9:10:00 PM
From: Little Engine	Read Replies (3) \| Respond to of 27968

It looked to me (I'm no accountant) that the "reserve" statement merely meant that it was counted as a liability, and that they acknowledge they must pay it back at some point. It's $1.5 million of future net income that the company will never see -- assuming it survives. They certainly aren't making money from ongoing operations, with a gross profit of only $190,000 before subtracting $1.5 million for S/G/A expenses. "Travel and entertainment" expenses of over $150,000... Ira sure enjoyed himself. P.S. to Traveler... what if the stock went to Arif's daughter? Would it have to be mentioned in the audit then? Who was buying stock for a few cents a share? I'm curious.