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

To: Dick Lee who wrote (25228)	10/22/1998 7:58:00 PM
From: dave brown	Respond to of 27968

Dick, I agree that a reverse split today would do no good, rather when they are at the tail end of becoming profitable. The only successful reverse split I have been involved with is National Bancshares of Texas (NBT). In the early 90's the company was in chapter 11 and the stock price was 3 cents. They turned things around and the stock went to about 80 cents (not kidding). They did a 1 for 8 reverse split taking the share price to 6 1/2 and shares outstanding to about 4.5 mil. The stock is currently at 17 and reached a high of 22. Check it out

To: Dick Lee who wrote (25228)	10/22/1998 8:42:00 PM
From: Freddie Forte	Read Replies (1) \| Respond to of 27968

Dick & Dave.....These are approximate numbers from Randy. Gross revenues, not net sales, appeared to be 40-50 million from Myriad's PEO side and current staffing gross revenues were approximately 160,000 per month x 12 months equals 1,920,000. Yeah, so I agree. Realistically, maybe 45-50 million in gross revenues. If these figures are incorrect, then, that's an issue that Randy will have to address. Why do you think Randy wanted the sales figures audited before he released them to the foaming pack? For this very reason. So there's no doubt as to their accuracy with us. I agree with Dick. Reverse splits only work with STABLE companies taking that chance and making that leap to the real exchanges. Firamada is still far from that. You need solid fundamentals and a good core of loyal shareholders to make that move work. What do we have? 2 going on 3 losing seasons, a pack of rabid bandits looking for prey, and an auto mechanic for a CEO who's son thinks he works at Midas when he leaves for work. That just ain't gonna cut it for the old reverse split to work. No, no, no. What if Arif actually did use some of the stock proceeds for repayment of debt? Would we think differently of him? Was there any stock proceeds at all? We all think there was? Where's the cash? Arif knows. Randy probably knows, but, can't comment. Who is that man behind the curtain? What does our CEO actually do? We all think he's in the back room printing shares. Why doesn't he bond with the shareholders? Why does he remain cowered in a corner not defending his position or his company's? I think it's about time Arif addresses us. We need to hear from the CEO of this company, now. It's time to stand up, take your lumps, lose this mysterious persona and become a team player. We know he f#$#ed up. But let's move on. Maybe shareholders will listen if he lets them.