FAMILY MEMORIALS INC. V.FAM

Oops..I was Wrong

[Panther10]

Sorry guys-need to make a correction regarding my last post : Critics will have one more opportunity to slam FAM when the first quarter numbers get released ( seasonal low for the business). Also the second and third quarter numbers will provide the next set of record profits and debenture pay-down ( or pay off ) periods. Hope this info will be of some help. Panther10

[Farmer9]

Your flippant response to Q1 numbers might have some merit if the company actually made money during the whole year, instead of losing $1.3 million. 

[cutstone]

  Panther10  The facts are Q1 and Q4 both had losses over 1 million each.  Q2 and Q3 each had profits well under a million each no good news here.  You make it sound like paying the debenture is a unheard of thing it is a loan it has to be payed back.  The debentures are coming due 2016 one in Jan one in June.  Tell us how the second debenture will be payed in June

[Panther10]

OK , for the sake of our newer investors and readers, here goes: FAM made the purchase of Remco in Oct.31/2013 for about $3M, took out a 12% debenture on it ( not very good terms) with the obligation to pay down the principle each quarter (15% of gross sales) along with interest. Had Remco not proven to be a AWSOME MONEYMAKER for them ( 2&3 quarter 2014 EBITDA of $1M and $1.25M), they would