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

To: HEM3 who wrote (27135)	3/23/1999 9:25:00 PM
From: Dick Lee	Read Replies (1) \| Respond to of 27968

HEM3: Just to set the record straight. I was not in Harris County Court today (3/23/99) but my understanding of the business conducted was as follows (transmitted from Leonard Meyer (FSAAA's counsel in Houston) to Cleve Powell (FSAAA's lead counsel): 1. Mr Leahy, FAMH's counsel in Houston wanted the subpoenas and commissions (that had been previously signed off by the Judge) quashed and in return, stated that Firamada's senior management would co-operate with the Plaintiff's and their counsel before the hearing date. 2. FSAAA agreed to this, provided we started to get some cooperation and the information we have requested. 3. The Judge stated Firamada senior managment will cooperate, if they don't I'll enjoin the April 7th Annual Shareholder meeting. So the stage is set: The hearing for the appointment of a Receiver to take over control of Firamada is set for April 5th at 1:00 pm. FSAAA expects cooperation from Arif Adam et al. The Annual Shareholders' meeting (the first ever) is scheduled for April 7th in Long Beach CA at 9:30am PST. I presume Arif Adam expects to win in a landslide and then take the shareholders down the same old road. Will Arif Adam cooperate between now (3/23) and then (4/5)? He hasn't up to this point! FSAAA first requested copies of documents, to which shareholders are entitled by Texas Law, in a letter to Mr Sultan (FAMH's counsel in LA) from Cleve Powell dated January 26, 1999. That's two months ago!!! Very little of the information has been provided to date..... but we shall see what happens over the next thirteen (13) days. What we have seen to date is "Talk" and no "Walk". We have seen Arif Adam, the COB/CEO, as a "No show" at the 2/10 meeting. Offers to settle this affair have amounted to a board seat to FSAAA. As you know, this falls far short of FSAAA's goal: Financially rehabilitate Firamada through the appointment of a Receiver and the effective removal of Arif Adam (does this look like the equivalent of a board seat? It doesn't to me, either). Yes, I have an agenda, along with many other shareholders. Recoup my investment and make money on it. Arif Adam has masterminded the market cap reduction of our company by $50 million in less than a year. To the shareholders that invested in this company in late 1997 and the first few months of 1998 this translates to average losses in the 70 to 90% range. IF YOU WANT TO DO SOMETHING ABOUT THIS, JOIN FSAAA, BY CONTACTING DAN PROVOST (dpp.dfw@worldnet.att.net) OR DICK LEE (RKLlee@aol.com). OUR RANKS OUR GROWING MUCH FASTER THAN OUR COMPANY, WHICH TELLS YOU THERE ARE A LOT OF ANGRY SHAREHOLDERS OUT THERE!!! Minor Point: There are six (6) Plaintiffs in this case, so either WalterTx cannot count, or he is misinformed. You pick which of these two you like.. perhaps it's a bit of both. With best regards, LTBFV (Looking to Build Firamada Value) through FSAAA (Firamada Shareholders' Against Arif Adam), Dick Lee