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

To: BCfan who wrote (7841)	3/24/1998 10:22:00 AM
From: JOEY	Respond to of 27968

ABSOLUTLEY NOT. Their comments only affect us personally, not FAMH's future values

To: BCfan who wrote (7841)	3/24/1998 10:23:00 AM
From: Forest Gump	Read Replies (3) \| Respond to of 27968

Could someone post the URL for real-time BB quotes. It's cbs.marketwatch or something. I am at a different machine and only bookmarked and never memorized it, thanks

To: BCfan who wrote (7841)	3/24/1998 10:45:00 AM
From: Roo	Respond to of 27968

Here's my opinion on the recently announced reverse merger into NASDAQ: The reason reverse splits are such an albatross around the necks of BB stocks is because a BB stock that suddenly goes from .25/share to $4/share is still traded at the whims of the MMs because it is still traded in the OTC market. Now... what WAS a scrawny little .25/share stock yesterday has suddenly become plump and juicy pickin's at $4/sh today and is often promptly and mercilessly subjected to shorting (whether legally or illegally is always open to debate) which drives it back down to, and often below its starting price. The reason MMs are successful at this play in the OTC market is because the reporting requirements for short positions in BB stocks are slim to none and are apparently not strongly enforced at any level. The NASDAQ small-cap and national markets on the other hand, have very stringent and timely reporting requirements for short positions, and these reported short positions are publicly listed at the NASDAQ website on a monthly basis. These two aspects of the NASDAQ market combine to substantially increase the risk of going "too" short on a NASDAQ listed security, and therefore limit the short games MMs are willing to play. What this all amounts to is that a "reverse-splitting-merger" I'll call it, as is happening here, has the effect of a reverse split by reducing the float 1:4, and therefore increasing the literal value of the remaining float 4:1. However, because it also entails a reverse merge into the NASDAQ market and out of the OTC market, it affords the protections available in the NASDAQ market that just don't exist or are not enforced in the OTC market. Should this move be successful and close to the terms disclosed, I perceive this move and the attendant reduction in shares as being beneficial to the shareholders and the company. -R