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

To: Mr. Jens Tingleff who wrote (27503)	5/11/1999 8:31:00 PM
From: Jim Wood	Respond to of 27968

A lot of trading today. Was it any of us? It wasn't me. Anyone care to fess-up? ggg

To: Mr. Jens Tingleff who wrote (27503)	5/12/1999 8:15:00 AM
From: R. Murphey	Respond to of 27968

Jens, I agree with your assessment. Additionally, it may mean: added costs(or loss of profit) for the PEO side, as Payroll-1 will make a profit margin on the services; higher costs on the temp staffing side, again because of the margin issues higher costs for internal employee payroll processing. If FAMH cannot handle payroll for outside employees, then, for the same reasons it probably cannot handle it for internal ones either. FAMH doesn't have enough business to justify the overhead. ** This doesn't make much sense, since FAMH probably has to do all the basic work anyway and furnish it to Payroll-1, i.e. enter employee personal data, pay rate, deductions, hours worked, and adjustments. The rest is all software and procedural (discipline) related. Also, it would appear that FAMH should have been easily able to contact any sizeable employers associated with Payroll-1. So, is Adam giving away the business (it appeared all Payroll-1 was doing, was "putting out the good word about Firamada")? ....attempting to reduce risk? Does everyone remember when the payroll financing/services were touted as being highly profitable? I remain curious about it all! Regards, Bob.