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

To: Little Engine who wrote (24905)	10/16/1998 11:07:00 PM
From: Victor Lazlo	Respond to of 27968

no "problem" here, LE. 3 profitable trades, and one currently "open". How about you? Wait - don't tell me .. you ... "invested" in this stock?? ugh. Victor

To: Little Engine who wrote (24905)	10/16/1998 11:29:00 PM
From: ElGator	Respond to of 27968

LE: I just got home and started looking at this thing. Really pissed-off to say the least. The claims and lawsuits referred to in Note 7b) of $1,4476,124 are the Other Current Liabilities stated on the Balance Sheet. These are comprised entirely of Payroll Taxes and Workers Compensation Payable (see Note 5). The latter is due to the State of Texas and remains unpaid from 1996. It would appear that they have been financing the operation largely by withholding payment of payroll taxes (1996 & 1997) and issuing stock (1997). Kind of makes you wonder how they're managing the current cash-flow. The increase in shares have anything to do with this? Seeing as they have not seen fit to share any substantive 1998 data with us, I would like to see how we're going to break-even. Is break-even before or after the Myriad charge? What really looks strange is the decline in revenue from $3,945M in 1996 to $1,368M in 1997. This is 66%!!! Something happened, and I would be very interested to know what it was. Even if you add the proceeds from the issue of stock to revenue (which you can't do), you still end up with a healthy loss. How did they come up with .1085 (or better) eps, particularly when S,G & A alone exceed stated revenue? We're not talking about a slight difference here, .1085 (or better) vs. (.07) is a variance of (.1785) (or more) to what they told us. Really odd, there is something missing here. Did they plan to try and bring some early 1998 revenue (and lots of it) into 1997? Why would the IRS allow them to acquire Myriad, by assuming the IRS liability of $4.5MM, if they were already delinquent on their own payroll taxes and had a net worth of ($1,316,406) for 1997 and ($830,572) for 1996? This is just too weird and it doesn't make any sense. Honest people tend to believe that other people are honest; and I gave these people the benefit of the doubt all the way along, thinking that nobody would be so foolish as to say the things that they did without SOME factual basis for their public representations. These statements are a nightmare and demand some sort of explanation. Failing that, there is an obvious conclusion that can be drawn. We have gone from representations of profitability to an audited statement that reflects a substantial loss and includes a Going Concern notation (Note 9). I also like the bit about "the company is actively seeking additional equity financing" (Note 9, second paragraph). Spare me. A lot of people have lost a lot of money here, and I am not the least of them. If this has been a deliberate fraud (and I still have trouble believing that anybody would be so STUPID as to pull something so blatant), we're not going to see our money again; there are, however, penalties prescribed for the perpetrators of such and I would hope that these would be strictly applied as applicable. Our only hope would appear to be that YTD 1998 offers some reasonable explanation and remedy. I sincerely hope that this data is forthcoming immediately. Without any further information, even a cursory review of the financials indicates where this thing is going. I can go on, and on, but enough is enough.

To: Little Engine who wrote (24905)	10/17/1998 1:33:00 AM
From: Brad	Read Replies (4) \| Respond to of 27968

Little Engine, Well, the infamous "Audited Financials" are finally there. I am humiliated!!!! I honestly believed and hoped for better. This FAMH experience has taught me many, many things, not the least of which being that I am more gullible than I thought. As for my thoughts on the posted numbers (not that it matters)... I will say again, as I said several times before on this thread, ARIF NEEDS TO RETURN SHARES AND RESIGN !!! I am still hopeful for the future, but only time will tell. That said, I don't intend to be offering any more of my opinions on any investment threads. This has indeed been a very humbling experience. My nature is to look for what good can come of all this. So I remain hopeful for FAMH. And I will continue to try to learn from the past so that I can improve in the future. You were right about FAMH's 97 numbers. I was wrong.

To: Little Engine who wrote (24905)	10/18/1998 10:06:00 PM
From: Victor Lazlo	Respond to of 27968

<< True, Gene... where was Victor then? Probably on a $20,000 bus trip. >> "Lit eng" - Anybody who has worked for a national co knows that bus trips that cost $2000 or $3000 are commonplace, as I stated previously. Many times these trips are booked at the last minute, so advance discounts do not apply. I cannot believe I have to educate you in this matter! LE, you are a fool if you think everyone on this board believes your hype. What is your agenda, pal? C'mon- tell us ! I dare you- tell us all what your game is! Are you short this thing yourself, - or who are you working for? Who do you report to? You are on this board day and night, and you have not owned the thing for a long time (if ever, which I doubt). You just do not add up. You are a lie. I know it and so do others. Stop being such a coward, LE, such a phony! Own up.