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


To: Warthog who wrote (10269)4/2/1998 8:44:00 PM
From: CO  Respond to of 27968
 
Collin, Wexford is just the broker handling the deal Ira will be in charge.

Cheryl



To: Warthog who wrote (10269)4/2/1998 8:48:00 PM
From: PHarris  Read Replies (2) | Respond to of 27968
 
Definition of collateral agreement in Websters dictionary:
designating or of security given as a pledge for the fulfillment of an obligation;hence,secured or guaranteed by property,as stocks, bonds, etc.as,a collateral loan.anything such as stocks or bonds that secures or guarantees the discharge of an obligation; it is returned to the debtor when the obligation is fulfilled.

Hopes this enlightens us on the Myriad subject.

Priscilla



To: Warthog who wrote (10269)4/2/1998 9:37:00 PM
From: Brad  Read Replies (3) | Respond to of 27968
 
Collin, Wexford Capital is the brokerage firm handling the deal. They have the opportunity to examine BOTH companies very closely (including the financials of both ATXI and FAMH).

You asked...
Q. >>why did ATXI reject Wextech's aid earlier?<<

A. My understanding is that Wexford Capital felt ATXI was not in a strong enough position to improve their situation to any great degree. So Wexford went looking for merger candidates for ATXI. That is when they found FAMH.

Q. >>How much will the services of Wextechs cost the FAMH shareholders<<

A. Ira outlined exactly what the cost of Wexford's services are in the press release of March 23...

"Brokerage warrants will be issued based on the total number of post-merger shares (11,413,913). At 4.9%, the total brokerage warrants would equal 559,282 shares."

Q. >>Will Ira be in charge or will Wextech?<<

A. Wexfor Capital is the brokerage handling the deal. FAMH will be in charge.

COMMENTS:
I found it interesting that Tim Brink, when asked if the symbol would stay "FAMH" or change to "ATXI," said, "That decision...will be up to Ira."

He also made a statement about the result essentially being that this would not be a "new" company, it would simply be FAMH on NASDAQ.

These things, to me, confirm what I have figured from previous information, that FAMH has the necessary endorsements (votes) to control the outcome.

That's how I see it.

Best wishes,
Brad