Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jacksoo who wrote (9679)	3/31/1998 6:33:00 PM
From: Dusty Vestal	Read Replies (1) \| Respond to of 27968

So what does everyone make of ATXI's news release?..... Wow, looks like realized IRA means business ; ) Dusty

To: jacksoo who wrote (9679)	3/31/1998 6:34:00 PM
From: Forest Gump	Read Replies (1) \| Respond to of 27968

OH man did they change their tune. They are licking Ira's boots now. Told ya, it's done..

To: jacksoo who wrote (9679)	3/31/1998 7:53:00 PM
From: tonto	Read Replies (2) \| Respond to of 27968

I read the response differently than the two previous responses. The release is an example of how to write a release as compared to the one issued today by Famh. Famh announced to the world that they plan on contacting the company directly...standard form in business would have FAMH contact the company prior to the issuance of a release, but this is the penny world. The important point of the response is the following: "We are eager to discuss these developments with the principals of Firamada, Inc., as well as discuss their stated desire to facilitate a business combination between our two companies. We have indicated this in a letter to the company and have requested certain financial information from the company to assist us in carrying out our fiduciary duties. We do not believe that we can execute a letter of intent without first reviewing this information. We look forward to receiving the information from Firamada and being able to make a responsible and informed decision on behalf of our shareholders." Last week, FAMH put out their notorious signed, mutual letters of intent releases, which raised some eyebrows. No BOD would consider anything without having seen the financials prior. They have not yet seen them. The FAMH release was ill advised and the stock activity the last couple of days reflects that. The board has a fiduciary responsibility to the shareholders, and all great businesspeople understand this. Why was the release released in the first place? The 2nd point is regarding the representatives once again: MINNEAPOLIS, March 31 /PRNewswire/ Atrix International, Inc. (Nasdaq: ATXI) announced today that it has been notified by representatives of Firamada, Inc. (OTC Bulletin Board: FAMH) that Firamada has recently acquired approximately five percent (5%) of Atrix International's outstanding shares. In addition, Firamada has issued a press release wherein it has indicated that it will request representation on the Atrix International board of directors. W. William Bednarczyk, Atrix International's Chairman, and Steven D. Riedel, Atrix International's President and Chief Executive Officer, in a joint statement, commented, "We are eager to discuss these developments with the principals of Firamada, Inc., (note the use of principals instead of representatives) as well as discuss their stated desire to facilitate a business combination between our two companies. Has FAMH filed with the SEC because of their 5% position? When can we expect to see it? When will be the first time that they speak to Ira? I disagree and give this round to ATXI. FAHM is not showing signs of brilliance here, while ATXI is responding as they should, willing as fiduciaries to listen, but requiring the company to be qualified prior to any real discussions. There should be no delays in receipt of financials.