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

To: Buster who wrote (4146)	2/26/1998 9:33:00 AM
From: Omnichrome	Read Replies (2) \| Respond to of 27968

Hello Buster, The release was vague as usual with no real specifics. It just said the line of credit was obtained "through an equity investment". I don't know exactly what that means, but I don't think any shares were issued to obtain it. I would guess some shares may be issued as the line of credit is utilized. Yesterday's release said the company was authorized to buy back up to 4 million shares which it stated was "nearly 10 percent" of issued shares. Since we knew there were 41 million shares issued prior to the $12M line of credit, it would seem no new shares were issued for that. Hope that's not too convoluted. Be careful out there.

To: Buster who wrote (4146)	2/26/1998 9:29:00 PM
From: Lurker	Respond to of 27968

<<sorry if this question has been answered before but I have not had the chance to sift through all the posts.>> Who knows? But, we do know this much: Outstanding shares 3 months ago: 20 million Float 3 months ago: 7 million Current outstanding shares: 41 million Current float: 11 million Shares given to Myraid owners for Myraid: 3.5 million Therefore: Increase in last 3 months not due to Myraid: 17.5 million Therefore: Increase in insider shares in last 3 months: 13.5 million Increase in float in last 3 months: 4 million Where did these shares go? Only the Shadow knows!