SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JIN CHUN who wrote (16625)5/11/1998 11:32:00 AM
From: Anthony Marks  Read Replies (1) of 27968
 
Jin, I think what we are seeing here is the company using stock offering revenue in place of financing. This may not be all bad in the long term. If Ira uses cash to by back shares, then has his treasury cancel the shares, things makes sense. It makes no difference to the company financially since the shares could be reissued at a later date for greater value. However canceling lowers the outstanding share count (good for us). The company has a line of cash without paying interest. Ira has enough cash to take 5 Mil out of the float right now according to the balance sheet. If he buys back stock like you would pay back short term debt this could be a good thing. (The market loves a buy back) In the mean time I'm afraid we are buried, swimming in certificates.

Our light at the end, IMHO

1. By some chance we should actually see audited F's on EDGAR
2. Organized stock buy back program with the treasury canceling shares. (not sure about the legals here, I know it's possible for some companys)
3. Company digests current acquisitions and grows cash position.

There are many variations to the above possibilities, it's the concept that is important. With out something, this party is over!!
All IMHO
AWM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News