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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: skreiger who wrote (4200)2/26/1998 3:24:00 PM
From: Buster  Read Replies (2) of 27968
 
To all,

I just received a response from Mr. Monas regarding the
12mil LOC(line of credit).
I asked him what constituted the "equity investment" for the
12mil LOC. This is his response:

>some warrants,options,covertables etc.......flexable
>agreement............possible exchange and or swap....NO
>REVERSES............thanks for being a gentleman

He specifically stated that
the LOC will not be used to repurchase shares. I do not know what
he means by possible exchange and or swap. I am assuming that
"No Reverses" means no reverse split.

Buster
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