Firamada (FAMH) Positive Talk ( NO BASHERS ALOWED) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Firamada (FAMH) Positive Talk ( NO BASHERS ALOWED)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Warthog who wrote (26)	5/14/1998 10:51:00 PM
From: Mark[ox5]	Read Replies (2) of 105

Collin.. I believe the current "hypothesis" is FAMH drew against their line of credit to pay the "cash" for Myriad. So while it wasnt stock to MYRIAD.. it sounds like it was stock to BRISTOL Captial Management. Because according to the terms of the agreement... stock is issued in some ratio to the line of credit borrowed. So while FAMH can say "no stock was issued for Myriad..only cash"... that is true.. in a backwards way. Because to borrow on the line of credit, they have to issue stock (for the cash) That is my understanding of it anyway.. would like clarification from the company.. but.. we know how that goes. P.S. New post on the other thread from someone who was at the LV shows. Kind of confusing. Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next