FAMH - FIRAMADA Staffing Services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: john price who wrote (6351)	3/14/1998 12:35:00 PM
From: Little Engine	Read Replies (2) of 27968

John, thanks for your advice... I moseyed on over to the old LUNN thread... A few observations after studying that reverse merger: 1) the value of the deal to FAMH shareholders will depend a lot on the value of the FAMH partner, and what share the partner gets of the new company. 2) LUNN announced the deal in May, and the merger was not complete until November, a period of about five and a half months (a lot longer than the "two months" timeframe I have seen posted here). The merger required a 500-page SEC filing, which I imagine takes a while. And they were in similar businesses. 3) If the partner has no assets and no value, i.e., is a "shell": a) why do people continue to buy their stock? b) what's the difference between this deal and a reverse split? c) how could FAMH possibly avoid (Nasdaq rule 4330-f) having to file all the necessary paperwork for initial inclusion on the NASDAQ exchange (see my last post)? 4) Once the ATPX merger took place, the stock barely moved. Although some on their board predicted "$26 within a few weeks!" (sound familiar?) the stock opened at about $15 in November and has stayed very close to that. Knowledge is power, Little Engine

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next