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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Forest Gump who wrote (11452)4/8/1998 11:59:00 PM
From: Mark[ox5]  Read Replies (7) of 27968
 
IMPORTANT!! READ!! All: Spoke to Ira on AOL tonight. It was about a 45 minute conversation. Well I spoke to him for 5 minutes, then he didnt talk to me for 30 minutes..then we spoke for an additional 10 minutes.

I think you will like the news.

I mentioned the possibility of a lump sum dump of shares on the market by a certain financial institution and his response was:

"possibly but I doubt it"
"any proof ill retaliate"
"ill found out tommorow"
"cant hurt us anyway tooooooo strong"


He thinks the trade was a misprint at this time.

He thanked the shareholders for their support.


I asked "does famh have any debentures? convertibles at this time?"


Answer: "no such thing not available"

I take that as no.

He DID add
"there are registered warrants but severely restricted"

I asked time restricted, or price restricted?

He answered "both"

I asked twice about total shares outstanding as of 3/31/98. He didnt answer for 35 minutes and then as i was about to post this he came back chatting.

Answer: " 45 mill with 30 held inside/restricted"

Very very happy to get that info.. I waited 30 minutes for it. LOL

I asked about Ed Taxin and his mentioning the possibility of lower than 4:1 exchange.

Answer: dont know exact exchange depends on prices at time

My comment: ATXI is toast

Ira: i know

My question: So Ira, is it safe to say it COULD be less than 4:1 , like 3:1 or 2:1 .. but there is NO CHANCE it could be greater than 4:1???? Some people are speculating if famh drops it could be 5:1 etc.. i want to refute that.

Answer: no more than 4 probably 2.5-3

YAHHHHHHHHHHHHHHHHH!!! He didnt say for sure.. so look for 2.5-4.0. I reiterate he did not say it WILL NOT BE 4.0 shares.. he just stated its possibly lower.

I asked: If ATXI signs on April 30th the LOI, how long before FAMH goes NASDAQ? is it instant? i.e. May 1?

Ira: immediate

He also said : IRAFM: loading the guns for tommorrow


Then he bid me goodbye. First time I had talked to him, so was glad to get a lot straightened out. So now everyone owes me 100 shares of FAMH for this DD ;) Best, and hopefully many of us can sleep even better.

Smiles,
Mark
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