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Microcap & Penny Stocks : FMA / FracMaster
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To: Taff who wrote (121)4/28/1999 9:55:00 AM
From: Jason Krueger  Read Replies (1) of 233
 
The court appointed receiver decides - they more than likely always take the highest offer, to satisfy the debt holders. Shareholders have no say whatsoever. Like I said, they are last in line. Alfred Balm is owed by some shareholders, not by FMA (if I am not mistaken). He therefore has no say at all, unless he is willing to make a higher bid for the Company.

Jason
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