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


To: carolm who wrote (1750)1/22/1998 7:48:00 PM
From: FARRIS  Read Replies (1) | Respond to of 27968
 
So why does Ira not say -- that issue has been resolved to the satisfaction of both the compnay and the State of Texas -- rather than "It's taken care of" or "It's being taken care of" ????? (Cannot remember which way he put it.)
Next time someone talks to him ask the question in such a way that he cannot give a generic-sounding answer. One more issue he could lay to rest in about 10 seconds.
Eric



To: carolm who wrote (1750)1/22/1998 8:36:00 PM
From: Little Engine  Respond to of 27968
 
Carol,

I was speaking of the Myriad lien, the one that (rumor here had it) was forcing them to sell out to FAMH.

Meanwhile, on the FAMH lien, I have to -- listen up everyone -- take FAMH's side on this one. I spoke to the Texas comptroller's office, and a woman there said that "loss of corporate status" means that they cannot act as a corporation. The main upshot, she said, is that the corporation is not the one responsible for the taxes -- Adam Arif would be personally liable. They have 210 days from the ruling -- which she characterized as a warning -- to solve the matter. As I read the notice, still seems like they have plenty of time.

No big deal yet. But I agree with Farris -- it should have been explained to keep stockholders from worrying about it. But you know what I think of how well the company gets important stuff out.

As I said, however, the lien on Myriad was the one I was asking about. I remember it being discussed in detail here, but never heard anything about it not being true. If a tax lien forced a company with substantial earnings to sell (Ira said $1.8 million for Myriad in 1997, per the fax response to Capt. Dan), I would think that lien would be awfully big.

Or was there no lien? If that was announced, I missed it.