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

To: Brad who wrote (6081)	3/12/1998 11:43:00 PM
From: Zebra 365	Respond to of 27968

Brad agree with your calculations, of course how the market values the final company is open to a lot of conjecture. Whatever you want to call it, I think that the share market price of FAMH and the share market price of the holding company will have no effect on the final ratio, in that I think the current shareholders can expect one new share for four of their old. It sounds like a done deal. JIN, I also agree that this is better than a garden variety of reverse for two reasons, first is that it goes directly into merger/listing as you have stated, and second, the low ratio of 4:1 exhibits confidence by management that they will be able tho hold the required listing minimum with that. (Many reverses are 10:1 or 12:1) WE now return you to your regularly scheduled candy, already in progress.... Zebra

To: Brad who wrote (6081)	3/12/1998 11:47:00 PM
From: JOEY	Respond to of 27968

Man this thread is rockin. I just spent 1/2 reading some great DD and sophisticated brainstorming. Keep it up guys Great work.

To: Brad who wrote (6081)	3/13/1998 12:03:00 AM
From: slotman	Respond to of 27968

I think we would be "ill advised" to publicly name the target company should somebody stumble across it. If anyone does, please keep it secret so as not to blow this deal rick

To: Brad who wrote (6081)	3/13/1998 3:38:00 AM
From: Sam	Read Replies (2) \| Respond to of 27968

Brad, I am not sure I follow your logic, and I am definitely more scared than excited by this PR. The following issues have been raised: - This reverse merger DOES look like a reverse split, the target being much smaller (6-7x? as per CC) than FAMH -> we have basically the same company after, but with 1/4 of the shares!. - I am afraid of the potential dilution, as we buy a company with no earnings (Ira did mention they have a very small float though, and this can be compensated by an increased in BV/share or tax benefits for ex.) - This may lead to a diversion of resources, as we acquire a company in a different industry (and FAMH was not a holding). Now of course, I understand the benefits of becoming a listed company, esp. for ST traders. Just would like to know if this is worth it from a small SH standpoint. I guess the only way to answer this question is to figure out which company they are buying.... Don't take me wrong, I like the story of this cy sofar, but this haste to use "tricks" to become listed sounds a bit ackward to me, esp. when the fundamentals they claim should do the work for them (once Myriad acquisition and claimed EPS will be confirmed).