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 (10283)	4/2/1998 10:22:00 PM
From: Double Dipper	Read Replies (1) \| Respond to of 27968

I just listened to the recording again. My take is that the collateral for the agreement has been secured in preparation for the final signing of Myriad. Anna stated that IRA told her that a "collateral agreement" has been signed. Everything is in the context of the term. I believe IRA must have placed some funds or shares into escrow for the deal to be finalized. If my conclusions are correct we have no deal breakers to be concerned about from this point on. Tim Brink is the SENIOR MANAGEING DIRECTOR of Wexford. Sounds like he is high up on the food chain and is directly involved with the preceedings. Rest of the comments are straight forward as outlined in the recaps. I also got the distinct impression that this deal is closer to a reality than we suspect. The areas he was discussing such as symbol change and sale of assets of Atrix back to them to build FAMH shareholder value is a clue that this is pretty much a done deal and they are working on the ins and outs of it now. As Brad mentioned earlier, we could have an early resolution to this because a majority shareholder vote can be held internally to FAMH and probably a similar situation on the Atrix side. That would make a general population shareholder vote more of a matter of law and formality than a necessity for votes. That is my take. But, I believe it's close. Kevin

To: jacksoo who wrote (10283)	4/2/1998 11:15:00 PM
From: Brad	Read Replies (1) \| Respond to of 27968

Hi jacksoo! I don't know if Wexford owns stock in ATXI or not. That is something you would need to ask Wexford. Regarding your second question... There are all kinds of "consulting" companies that perform various services to help corporations. Wexford has obviously found a niche of solving problems for public companies that are struggling. Shareholders want profits! I think it is possible that they could be close enough to a public company (either directly or through contacts) that they could get a sentiment from large shareholders that are not content with a company's management. If I was in their business, I would certainly look at a situation such as this as a "prospect" for improving value for shareholders. And it seems they provide valuable services. They probably offer financing options for companies that just need funding. And they offer their services as a "finder" of other ways to bring value to a company's shareholders in ways such as mergers and acquisitions. I don't think Wexford Capital is "head-hunting." I think they offer needed avenues for public companies to generate profits. Like any successful business, you find a need and fill it. What we are seeing is probably just ONE aspect of their business. Hope this helps. Best wishes, Brad