FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Brad who wrote (6081)	3/13/1998 3:38:00 AM
From: Sam	Read Replies (2) of 27968

Brad, I am not sure I follow your logic, and I am definitely more scared than excited by this PR. The following issues have been raised: - This reverse merger DOES look like a reverse split, the target being much smaller (6-7x? as per CC) than FAMH -> we have basically the same company after, but with 1/4 of the shares!. - I am afraid of the potential dilution, as we buy a company with no earnings (Ira did mention they have a very small float though, and this can be compensated by an increased in BV/share or tax benefits for ex.) - This may lead to a diversion of resources, as we acquire a company in a different industry (and FAMH was not a holding). Now of course, I understand the benefits of becoming a listed company, esp. for ST traders. Just would like to know if this is worth it from a small SH standpoint. I guess the only way to answer this question is to figure out which company they are buying.... Don't take me wrong, I like the story of this cy sofar, but this haste to use "tricks" to become listed sounds a bit ackward to me, esp. when the fundamentals they claim should do the work for them (once Myriad acquisition and claimed EPS will be confirmed).

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