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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Phil Cressman who wrote (9739)3/31/1998 8:38:00 PM
From: Little Engine  Read Replies (2) of 27968
 
I'd like to pay my bills with projected earnings.

Even if the financials Ira touts are correct, making the $5 bid required for listing will be a stretch. And yes, listing will require a $5 bid.

People forget that the "new" ATXI will be forced to meet initial listing requirements for the national market (Per NASDAQ Rule 4330(f), which I have previously posted).

With about 20 cents per share earnings post-merger, a $5 bid would require a P/E of about 25. Good luck getting that for a BB stock.

Just asking,
L.E.
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