FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: ira monas who wrote (15308)	5/6/1998 2:39:00 PM
From: Wink	Read Replies (3) of 27968

Ira: If the warrants are redeemable "immediately", then share-holders could exercise the warrants and then sell all their shares for $2.00 and make 18.7% on the transaction. If the share price stays above $2.00 then you make more than 18.7%, if the share price falls below $2.00, then you make less. On the other hand, if the purpose of the reverse is to reduce shares from 54M to 13M and then people exercise the warrants, then you have 26M shares unless you use the warrant money to buy back shares and reduce the shares outstanding. All in all it doesn't sound too risky for the shareholder, as long as the warrant proceeds are used to reduce the float! JMO ;>)

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