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To: John Fairbanks who wrote (6709)3/16/1998 9:55:00 PM
From: Dusty Vestal  Read Replies (1) | Respond to of 27968
 
I'm with John on this one.... You don't realize how many stocks(which
suppose to take off) that I've followed,never post any information, and you never get conference calls, or phone numbers, let alone lots of news releases like we get with FAMH.... Heck, when I look at most BB companies out there that DIDN'T pull through, you never got anything from them whatsoever......
I think we should be grateful for what we HAVE received... Yes it's true that Ira shouldn't make promises in business... Being in business myself I realize that things get delayed alot, and he should realize this and stop making promises when it comes to press releases and such, but other than that..... I like it ;) Dusty



To: John Fairbanks who wrote (6709)3/16/1998 11:13:00 PM
From: carolm  Respond to of 27968
 
I seem to recall that some time ago it was discussed that the tax liability was around 4 million. I think it was speculation on this board that the IRS would take less to force a buy out. Obviously, they won't. At the time Ira announced the price for Myriad, it seemed unfairly low. I guess the IRS thought so, too.

I'm not sure that the press release says that the 4.3 million it the total price. It sounds like that is the tax owed. The rest (stock, etc.) may still be owed to the previous owners.

I do recall Ira saying that the previous owners would be personally securing the amount that would be financed for the IRS debt.

The price is still a good deal, and we still have a little company growing by leaps and bounds. Deals change until they are finalized. I agree that it is better to have an idea about what is happening as it happens. Thank you, Ira.

I'm sure some new shares have been issued for the 3-4 acquisitions that will all be happening soon.