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

To: Andrew H who wrote (5260)	3/6/1998 12:13:00 PM
From: JIN CHUN	Read Replies (1) \| Respond to of 27968

Andrew, I'm not sure what the exact details are. Perhaps someone with more expertise can clarify. The feeling I got was some kind of exchange for preferred stock. In any event, I think the purpose was to reduce the amount of the float, NOT to do the dreaded, I can't even type it out, rs. Personally, I think that they can get there without one, and so does the company. Also, I'm not sure, but wouldn't Firamada get grandfathered into the previous lower requirement? Not sure. Jin.

To: Andrew H who wrote (5260)	3/6/1998 12:53:00 PM
From: Buckeye	Read Replies (1) \| Respond to of 27968

.....Andrew .....I'm not an expert, so the language I use in this explanation will probably not be technically correct. .....Companies wishing to increase their per share price, will sometimes make a limited offering, for a specified period of time, selling common stock at a specific price (say $5) which includes a number of restricted warrants, which may be converted to common after a stated period of time. This was done, quite successfully by Cincinnati Microwave. .....It is not a Reverse Split. .....The downside is dilution of Earnings.