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: Little Engine who wrote (24895)10/16/1998 10:44:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 27968
 
<< Travel and entertainment" expenses of over $150,000... Ira sure enjoyed himself. >>

Get a grip. You are sinking into hyperbole, LE. Constant travel by execs for a co with offices all over the country is not suprising.

I have been on domestic bus trips myself that totalled $2 or $3 thousand. 150k is nothing.

Victor



To: Little Engine who wrote (24895)10/17/1998 1:16:00 AM
From: CO  Read Replies (1) | Respond to of 27968
 
Little Engine, I stated in the past that if the 1997 financials were not showing the expected .1085 EPS, that I would admit that you were right. And yes, YOU WERE RIGHT.

The 1997 financials are extremely disappointing. They are not at all what we were lead to believe they would be. They are just unbelievable. I do not agree with everything that you say, but you were completely right about the financials.

As Brad and I have said in the past, we think Arif should resign.

I think the company has a good core business. It seems like the current management is trying to clean up the mess they were left with and trying to regain shareholder value and credibility. And I hope that they are able to do so. I guess time will tell.

In my opinion FAMH's biggest hurdle to jump to regain credibility, is that Arif is still there. I really believe that for the best interest of the shareholders and the company, Arif should resign. But that is just my opinion.

I have been looking into possible ways to force Arif to return shares to the company. I was told by an attorney that a derivative suit would likely do more to regain value for the company than a class action suit. And that it would most likely be better for shareholders. But I don't really know much about that type of thing.



To: Little Engine who wrote (24895)10/17/1998 8:29:00 AM
From: tonto  Respond to of 27968
 
The auditors I believe have disclosed as much as they are required. Additional disclosure would be required of the company. Is she not a director?

P.S. to Traveler... what if the stock went to Arif's daughter? Would it have to be mentioned in the audit then?