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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Freddie Forte who wrote (26836)3/1/1999 3:14:00 AM
From: Mr. Jens Tingleff  Read Replies (1) of 27968
 
It's reg S shares - foreign finance company buying stock at a discount price, not allowed to sell it for 3 months.

This "feature" is used by companies that cannot get funded in more normal ways.

Due to further regulations in such a deal, it is often connected with a pump from companys side, in order not to have to pay extra to the foreign "partner".

So IMO these stocks are in the float.

Kr
Jens
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