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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Mel Viticus who wrote (18916)5/22/1998 7:25:00 PM
From: Gary Smith  Read Replies (1) of 27968
 
After all the money he lost on paper in the last few days, perhaps the effect has become clear to him and he will come to that logical conclusion himself. They also need to state how many shares were assigned for the collateralization of the $12m LOC and get them back, if they haven't already been retrieved. As I recall, Ira told us that they got, or were getting back, those shares and that they were not in the float but reserved.

If that happened, and Arif did not understand that when he elaborated in the CC, yesterday, then he needs to readjust the OS downward and announce the new lower number by Tuesday. I think this is a real possibility. They also need to make a gesture and buy back a few million out of cash reserves.

Now is the hour for bold leadership.
__________ You da man! (Fill in the blank.)

Gary
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