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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Buster who wrote (4152)2/26/1998 10:50:00 AM
From: TraderGreg  Read Replies (1) of 27968
 
if shares are issued for the line of credit they are at least restricted shares.

The above cannot be true and still be a "loan". If shares were issued for cash, that is called a private placement. If we assume the press release is correct then shares have been collateralized. A big difference.

I strongly doubt that the management would risk the wrath of the SEC by calling a private placement a "line of credit".

TG
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