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


To: Evan who wrote (27518)5/20/1999 8:25:00 PM
From: Freddie Forte  Read Replies (2) | Respond to of 27968
 
Apparently, Arif still hasn't learned his lesson yet. Firamada is listed in The Investment Reporter newspaper that I received last week. It's basically a source for discovering up and coming Nasdaq and OTC stocks. Well, lo and behold, Firamada has an ad. It reads:

FIRAMADA MOVING INTO 1999 WITH STRENGTH:
-New Staffing Office opening in Long Beach, Ca.
-Roll out the PEO operation

Here's the good one:
-PROJECTS GROSS REVENUES OF 60 MILLION PLUS. A 31% INCREASE OVER 1998.

Well, let's see. A little math and presto.....That means the company grossed approx. 47 million for 1998 according to this ad. Hmmmm...Here we go again.

Press Release....December 14, 1998...."Actual revenue under the consolidated company is 32,427,000 for the 11-month period ended Nov.30, 1998, and a projection of 4,865,000 for the month of December."

It looks like an additional 10 million in revenues happen to make it into the ad. Anybody see those financials lying around anywhere????