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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Double Dipper who wrote (13039)4/20/1998 3:29:00 PM
From: John Fairbanks  Read Replies (1) of 27968
 
Kevin, my understanding was that the collateralization was some stock
that was set aside as collateral. In that instance they would definitely
want to check the financial strength of FAMH since the stock would depend
on it.

I can tell you that in cases like this a bank will carefully review
the financial state of the person coming in to bail out the people in
arears because the last thing they want to do is end up in the same
place once again a year later. I believe Ira also had to prove to the
IRS that he could make a go of Myriad where the old principals could
not.
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