FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Dick Jaffe who wrote (2079)	1/28/1998 11:13:00 AM
From: Brad	Read Replies (4) of 27968

Dick, I contacted the company about the "European financial concern" and how that relationship might affect shareholders. Ira says the bank is European, but it is tied to a U.S. fund that will be managing the line of credit. I also asked how the line of credit might affect share dilution. He said there would be minimal affect. He described it as being a "very shareholder friendly" deal. It is based on a drawdown against trading volume and any shares involved would be restricted for a year. I asked if it is possible for the company to use part of the $25M line of credit to buy back part of the public float. He said that is already in the works. Just thought I'd pass this along. Best wishes, Brad

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