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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: jacksoo who wrote (10283)4/2/1998 11:15:00 PM
From: Brad  Read Replies (1) of 27968
 
Hi jacksoo! I don't know if Wexford owns stock in ATXI or not. That is something you would need to ask Wexford.

Regarding your second question...

There are all kinds of "consulting" companies that perform various services to help corporations.

Wexford has obviously found a niche of solving problems for public companies that are struggling. Shareholders want profits!

I think it is possible that they could be close enough to a public company (either directly or through contacts) that they could get a sentiment from large shareholders that are not content with a company's management.

If I was in their business, I would certainly look at a situation such as this as a "prospect" for improving value for shareholders.

And it seems they provide valuable services. They probably offer financing options for companies that just need funding. And they offer their services as a "finder" of other ways to bring value to a company's shareholders in ways such as mergers and acquisitions.

I don't think Wexford Capital is "head-hunting." I think they offer needed avenues for public companies to generate profits.

Like any successful business, you find a need and fill it.

What we are seeing is probably just ONE aspect of their business.

Hope this helps.

Best wishes,
Brad
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