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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY!

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To: Brad who wrote ()2/26/1998 10:47:00 PM
From: Brad  Read Replies (1) of 65
 
Just listened to the Conference Call. You can hear a replay by
calling 1-800-567-1533 24 hours a day for the next 3 days.

From my notes:

They did about $8.6 Million 1997 with a Net of about $2.2 Million.

They expect to have ALL their acquisitions completed within the
next 30 days.

They have NOT drawn any funds yet on their line of credit.

For the BUY-BACK of shares, they will NOT be using funds from
the line of credit.

The necessary papers in the Myriad deal have now been done to
assure FAMH that the Myriad acquisition will NOT bring any
liens.

They are getting their FORM 10 completed to be a fully reporting
company with the SEC.

They have NO convertible shares out.

They DO NOT have any plans for any private placements of any
kind.

They DO NOT plan any further dilution.

-----------------

To me, this is easily one of the most solid BB investments I have
seen.

Best wishes,
Brad
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