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

To: Mr. Jens Tingleff who wrote (25655)	11/16/1998 10:41:00 AM
From: R. Murphey	Respond to of 27968

Jeff: Some thoughts on today's PR <<Sales>>: Sales mean nothing without being evaluated against expenses. The numbers have evaporated many times before when held to the light. <<New Long Beach Office>>: The skeptic would question if this was a relocation of the existing office & more on why?. Didn't pay rent; lost lease; old quarters too small, division of labor, etc. <<"Currently selling Temporary Staffing only">>: WHOW! New revelation after a year+ of hearing about what a great, national PEO they were. <<"Arif Adam, Chairman and CEO, indicated that the projected sales $60-70 million does not include the four states in which PEO is not presently sold.">> This sounds so much like those earlier bogus "pro formas" it's astounding. Projections given, but they're not counting it all, inferring "there's bound to be more". What a "come on"! If there is a business plan, hold it all up to the light so investors can mark performance. <<"...actively seeking small to mid-size PEO businesses to acquire.>> Great track record so far(of losses). Show the positive cash flow to support it. <<...contracted with the widely respected Talk Stock With Me website (http://www.talk-stock.com) to handle IR on the Internet.>> Shades of Morton Downey, Jr. and the other paid infomercials. Seems like these guys could get a new script. Would wonder if they are using some cash to buy-back shares in an effort to start a stampede to buy, thus pumping the price to raise more cash when they sell the shares again. Unfortunately, without the reporting disclosures, one never will know.