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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Jim Wilke who wrote (26857)3/2/1999 12:54:00 PM
From: R. Murphey  Read Replies (1) of 27968
 
Jim: You've raised a good point.

Someone out there may have more insight into the practicality of this option.

I have a "friend" who works in the appeals section of the regional IRS. The pronouncements of "a new and friendlier IRS" are somewhat exaggerated, based on what I've heard. Of course this varies from region to region. They simply want their money, although sometimes they do "deal" if their case is weak.

My concern is they would again take things over and seek out someone willing to buy it. How would you feel if AA bought it for 1-2 million with the money he's saved? Did Myriad shareholders see any money from the sale, or get any stock in Firamada? Based on a "twice bitten" criteria, the IRS may conclude enough is enough and simply shut the doors.

Nevertheless, your point is worthy of follow-up.

Regards,
Bob.
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