Freddie,
You said, If Arif, Ira or Firamada sold shares during the hype and lies, it's all over.
Continuing with my ranting about the increased shares in the float...if it wasn't one of "them", then who could it possibly have been?
Believe this, FAMH issued more shares....period. Then, one of the following must have happened:
o FAMH or someone at FAHM sold shares into the float
o FAMH issued shares to a lender in exchange for some kind of loan and the lender sold the shares into the float
There are no other possibilities that I can think of.
If "FAMH" sold shares into the float does that exonerate Arif and Ira because they didn't sell personal shares? Further, what did FAMH do with the $%#@@ money if it wasn't used to acquire Myriad and/or other things (such as the Delaware company)?
Just for fun, let's assume that FAMH did, indeed, sell all those shares at an average of $0.30 and the total proceeds were $6.6 million. They wrote the IRS a check for $1 million as a down payment for Myriad. Why did they "need" to sell that many shares into the float?....they could have sold only 4 million shares and accomplished the same thing. Why did they go out of their way to say that no stock was involved in the Myriad acquisition? What did they do with the rest of the money and why?
Any way you look at it, the float appears to have increased from about 10 million shares to about 32 million shares in 1998, an increase of 22 million shares! or 220%, thus diluting my ownership far greater than I ever imagined.
Dave |
