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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: jacksoo who wrote (10283)4/2/1998 10:22:00 PM
From: Double Dipper  Read Replies (1) of 27968
 
I just listened to the recording again.

My take is that the collateral for the agreement has been secured
in preparation for the final signing of Myriad. Anna stated that IRA told her that a "collateral agreement" has been signed. Everything is
in the context of the term. I believe IRA must have placed some
funds or shares into escrow for the deal to be finalized.
If my conclusions are correct we have no deal breakers to be concerned
about from this point on.

Tim Brink is the SENIOR MANAGEING DIRECTOR of Wexford. Sounds like
he is high up on the food chain and is directly involved with the
preceedings. Rest of the comments are straight forward as outlined
in the recaps. I also got the distinct impression that this deal
is closer to a reality than we suspect. The areas he was discussing
such as symbol change and sale of assets of Atrix back to them
to build FAMH shareholder value is a clue that this is pretty much
a done deal and they are working on the ins and outs of it now.
As Brad mentioned earlier, we could have an early resolution to
this because a majority shareholder vote can be held internally
to FAMH and probably a similar situation on the Atrix side.
That would make a general population shareholder vote more of a
matter of law and formality than a necessity for votes.

That is my take. But, I believe it's close.

Kevin
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