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


To: Wayne J. who wrote (2046)1/27/1998 6:29:00 PM
From: Redhead  Read Replies (1) | Respond to of 27968
 
To all,

Gosh, I am gone 1 day and all heck breaks loose. I have one thought I wish to throw into the mix. In the press release it states that "Firamada has obtained a credit facility with a European financial concern", this is my book means a line of credit. This is there for future use in case it is needed, and they will only pay for what they use. Right now the dollar is very strong against a number of currencies, for example the Indonesian rupia is down 83%. So, could they not be getting more for their American dollar against another currency? I have heard of businesses doing this before. There are a lot of advantages to it. I lived abroad for 3 years, and we did some of this ourselves on a personal level. There are a lot of ways to get financing, and just low interest rates are not the only factor to consider here. It was also stated "this credit facility was being done in order to further its acquisition mode." Here's a thought. Could they be looking at a foreign acquisition? That would also be an answer. So, there are any number of reasons for this, and we need to wait and be patient. I will be the first one to start screaming when and if the financial don't live up to what we have been told. So, I am still sitting under the umbrella and sipping pina coladas (lemon tea), and waiting patiently. Have a great evening everyone and please keep smiling.

Redhead