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

To: CAPT.DAN who wrote (5330)	3/6/1998 4:42:00 PM
From: John Fairbanks	Read Replies (2) \| Respond to of 27968

Obviously we are not seeing the whole story. Everything we are looking at with these covertibles are things that companies do to RAISE money and they all decrease shareholder value. Ira says the company has plenty of money for the aquisitions it is planning. If they didn'tm they wouldn't do one of these horrible convertible deals because they could simply use their line of credit instead. Convertibles are things companies do when they can't get money any other way. What Ira is planning has nothing to do with raising money... he wants to raise the stock price to get on to a new exchange. For the swap, the only thing I can think of that he might have meant is to swap some of the outstanding common stock for warrants if this would enable him to lower the share count. Since insiders own 70% of the stock, he may be planning to do this with some of the insider owned stock. I don't know how this would work, but it's the only thing that makes sense to me. What we really need to do is to get an answer from Ira on what he meant. Has anyone emailed or called?