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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: JIN CHUN who wrote (2201)1/29/1998 1:54:00 PM
From: Little Engine  Read Replies (1) of 27968
 
Jin,

In that scenario (i.e., only .02 coming from recurring operations), doesn't another .38 seem a lot to hope for? I take it the .38 would come from Myriad (none of us has seen the audit) and other acquisitions (who knows what).

Re: the financing... isn't it unusual for a bank to take shares of .27 stock as collateral? To borrow $5 million against that, I conclude (erroneously?), would take about 20 million shares of stock. To borrow less than $5 million... what's the point? What kind of companies can they buy for less than that, which will also truly add to earnings?

Of course, one could argue that they don't need to borrow much -- that Ira has a good deal of money salted away (though I only see about $700,000 noted in the six-month financial report for last year). Well, if he does have a few million available, wouldn't it make sense to start the stock buyback now? I would think that would help the stock price.

Just my opinion,
L.E.
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