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

To: Freddie Forte who wrote (27434)	4/22/1999 7:11:00 PM
From: Lonnie A.	Read Replies (4) \| Respond to of 27968

Sorry to take so long to get back to you Freddie. As I said earlier, I spoke to Ira several times after he left Firamada. I also spoke to his faithful sidekick Robert Franqui (same Robert that was at Firamada with Ira). Let's face it, Ira is nothing but a stock promoter, a snake oil salesman if you will. In my opinion he was hired by Arif Adam for no other reason than to bilk investors out of their money. He did a very good job don't you think? He performed his services for Firamada very well, then went on to other things. According to Ira he didn't make a dime at Firamada because Arif had lied to him, and didn't pay him what he had promised to. Well, maybe he knows how many of us feel. After all we were lied to as well. After Ira left Firamada I wasn't interested in speaking to him at all. Through SI I knew he was working for a cigar company. Its shareholders apparently met the same fate as we did. Then one day Ira private mailed me said that Firamada was about to be acquired, and that I should call him. I did. According to Ira, Arif was meeting with him in New York to discuss plans for a buyout by several large investors. My first question was why the hell anyone would be interested in this crappy company. Ira started with the same old line. "Hell!! Firamada is terribly undervalued, once the real value of this company gets out it's going to over $2, probably overnight." "You should buy more stock, but please keep it under your hat, okay." "I'm just trying to help out a few people who I know lost money in Firamada." After several more telephone calls with both Ira and Robert I soon realized that this so called buyout was nothing more than a lame attempt by Ira to get someone to start a rumor for him. Unfortunately, I did tell someone (a member of this thread) whom I consider a friend, (even though I have not personally met him) and he and I both purchased more stock. I thought what the hell, maybe I can recover some money that I lost. Do you blame me? That's right I'm a sucker with a capitol S. Anyway within a few days the stock went from .08 to around .11 I thought, this is it! Then it went back down to .08, then .07 then .06 then..well, you know the rest. I figure Ira contacted many people via private mail, who in turn contacted friends, who contacted friends..etc.etc. Finally I called Ira again and was told that the deal fell through. My deal certainly did, but I'm thinking Ira's didn't. He knew when to buy and when to sell. For several days during that period of time there was a lot of activity with the stock. Ira told me how sorry he was, but that he had another deal that he and Robert were working on. I could get in on the ground floor of a company called Rubber Tech. (RTEK) This company, according to Ira was probably going to be trading at $5.00 within a few months. He sent me information via federal express and called back to see if I had received it. This company was into recycling old tires. The market for their service was terrific. They were turning customers away according to Ira and Robert. Then one day I was talking to Robert and he made a comment that struck me as odd. He said: "Lonnie, do you realize how many used tires there are in the ocean? They're available to anyone for free, all you have to do is go out on a boat and pick them up, it's almost all profit." This guy I thought, didn't know what the hell he was talking about. Just go out (to the ocean mind you) and pick them up? Needless to say I didn't invest. The share price was at about $1.00 then. I just checked, and its at .21 and dropping. Well that's Ira Monas for you. Do I blame Ira for all of Firamada's troubles? No, but he does lie a lot, and he is a stock promoter pure and simple. One time a man was walking down the road when he came upon a snake that was half frozen. The snake asked the man to put him inside his coat so that he may warm up. "No" said the man, "you may bite me." "I promise I won't bite you" said the snake, The man picked up the snake and gently placed him inside his coat, and the snake began to get warm. Just then the snake bit the man. "I put you inside my coat and warmed you which saved your life" said the man..."how could you bite me?" "Well," said the snake "you knew I was a snake when you picked me up." You can't blame Ira Monas for being Ira Monas no more than you can blame a snake for being a snake. That just what he is. Sorry to run on so long. Sincerely, Lonnie