Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Wayne R who wrote (34)	11/13/1997 9:03:00 AM
From: CO	Respond to of 27968

Wayne, This post should help to explain 504k financing. techstocks.com In the 504k financing that FAMH did, using Alexander Wescott, they raised 1 Million dollars. Alexander Wescott sold shares of FAMH stock to their customers. I have been told, I believe it was by Alexander Wescott, that most of their clients are likely to be long term holders. As has been mentioned before, the Total Outstanding Shares DID NOT increase with the 504k financing. It still remains Apx. 20 million. And the float is apx. 7 million. It is my impression that Alexander Wescott sees a lot of potential for FAMH. They are not likely, to be selling a stock to their clients, to this extent, if they do not believe they will profit from their investment. Cheryl