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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Bill Brown who wrote (6260)3/13/1998 1:24:00 PM
From: John Fairbanks  Read Replies (2) of 27968
 
Bill, no it absolute is NOT a reverse split. It is a reverse MERGER.
Although they might seem the same they are very different... in the
RS case, we would have less shares outstanding but we would still
have to go through a lengthly NASDAQ application process and during
that time the MMs would short us to death and abort the whole process.

With the RM, we end up with less shares outstanding but we immediately
find ourselves with a NASDAQ listing. We are basically merging with
a shell company that has nothing to offer but their listing... FAMH
came public originally through the same action but they merged with
a BB shell and that's why we are on the OTC-BB right now...
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