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

To: STEVE SAMEULS who wrote (24999)	10/18/1998 7:55:00 PM
From: PsycProf	Respond to of 27968

I hope you are right but the other information in the financials was just as frightening. JMO -PsycProf

To: STEVE SAMEULS who wrote (24999)	10/18/1998 8:00:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

Steve, Why do you think Myriad is going to be the savior for this company, it was losing money when FAMH got it. 50 million in revenues is not good if you have 51 million in expenses. Myriad was a dog, that's why no other reputable staffing company wanted it. You are right that 1998 financials mean more than 1997, IMO 1998 will be even more pathetic and also the final nail in your optimistic coffin. When you find out they are not close to breakeven the first 3 quarters this year, even you will wave the white flag.

To: STEVE SAMEULS who wrote (24999)	10/18/1998 8:20:00 PM
From: ElGator	Respond to of 27968

Steve: Well, for me, it's certainly a hold. Like what are we going to get for it? The majority of the damage, which is far from "chump-change" in my case, has already been done. All we can hope is that 1998 is better (can't be much worse - at least they are still in business as far as I know). Who knows? The 1998 information may provide some answers and present an entirely different situation. The 1997 financials reflect a company in severe, severe, trouble. The auditors' Note 9, relative to the entity's viability as a going concern, would appear to warrant much consideration. The return of shares issue may be more complicated. The company obviously needed capital at 12/31/97. If Adam, or his nominee, acquired the shares in return for capital, that transaction itself may have been valid. We just don't have any information and will have to see how this thing plays out.