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


To: D LEE who wrote (12827)4/19/1998 9:29:00 AM
From: Double Dipper  Read Replies (1) | Respond to of 27968
 
Help anyone,

For the fourth time in 6 weeks I have suffered what appears to be
a hard drive crash on my home PC. Each time I was up on SI, usually
early mornings, usually Sunday mornings. Sounds suspiciously like
a timed virus. But, my VSCAN is not detecting anything (its up
to date). When I run a diag on it it tells me the drive is beyond repair.

I have heard that SI had a problem with cookies downloading destructive programs. If that is the case, I would appreciate any
info on it and more importantly, how to prevent it.

Searching in the dark - trying to find a cause and solution.

Kevin - at work on a Sunday morning, Pisssed about having to
go through this again. HELP ANY IDEAS?



To: D LEE who wrote (12827)4/19/1998 9:40:00 AM
From: PHarris  Read Replies (1) | Respond to of 27968
 
ATXI:

I just reread their financials because they are boasting about a sales increase for the month of March. (One month increase is a ludicrous thing to base your future earnings on).
I read:
3rd fiscal quarter ending March 31,1998:
loss of $31,965 or .02 a share compared to earnings of $72,257 or 0.05 per share same period a year ago.
For the 9 months ending March 31st,1998:
loss of $153,900 or 0.11 per share compared to earnings of $123,579 or 0.09 per share.Net sales were 1.1 million compared to 1.6 million a year ago.
For the first 9 months of fiscal year, net sales totalled 3.1 million compared to 4.4 million a year ago.
They say the decline results from the loss of sales from Avnet,which is currently trading at 60 3/8 and is a billion dollar conmpany.
I found this article on their troubles:





ATRIX INTERNATIONAL FILES SUIT AGAINST
AVNET
Company Seeks Damages Arising From Breach of
Contract



MINNEAPOLIS (December 29, 1997)--Atrix International, Inc. (NASDAQ-ATXI) announced
today that it has filed suit against Avnet Inc., Great neck, NY, alleging breach of contract, fraud and
breach of the covenant of good faith and fair dealing.

The suit arised from an agreement that Atrix and Avnet entered into August of 1996. That contract
appointed Atrix a "focused supplier" for various products that were specifically identified, and that
Avnet, in turn, would resell to Lucent Technologies, Inc. Atrix agreed to provide the products at
certain specified prices and Avnet agreed that it would only purchase such products from Atrix. The
contract specified that either party could terminate the agreement with 30 days written notice. On or
about November 17, 1997, Atrix was orally advised that Avnet had made the decision to deal
directly with Atrix's suppliers. Subsequently, Atrix has information suggesting that Avnet had been
contacting Atrix suppliers about purchasing direct since at least July of 1997. To date, Atrix has not
been provided any written notice by Avnet about its intention to terminate the June 1996 agreement.

Atrix alleges that it has been denied the income it would have been entitled to, since at least July of
1997 and that currently it has inventory, whose sole customer was Avnet, as was purchased
pursuant to the agreement. In addition, Atrix is requesting cost, attorney's fees and lost opportunity
cost as a result of the efforts senior management had to expend relating to the issue. Total damages
requested by Atrix is in excess of $350,000.

Atrix is a leading edge manufacturer of remote metering and copy control products. The Company
also manufactures toner and asbestos vacuums, vacuum filters and printed circuit board transport
cases for the office machine industry, and distributes tools and instrumentation for field service
organizations throughout the world. The common stock of Atrix is traded on NASDAQ under the
symbol ATXI.

For More Information Contact:

Atrix International, Inc.
14301 Ewing Ave. S. Burnsville, MN 55306
Tel: 800-222-6154 FAX: 612-894-6256

c1997 Atrix International, Inc. All Rights Reserved.
Some icons on this page are Copyrights of Sausage Software.

So, they are fighting a giant for $350,000? And $350,000 still doesn't account for their total losses.
Does the FAMHily want to get involved in this lawsuit?

Question: In rereading Atrix financials,concerning FAMH/Atrix LOI, it said:
"whereby outstanding shares of Firamada would be exchanged for NEWLY issued shared of Atrix".
Does this mean dilution of Atrix shares and how would that fare for exchange ratio?

TIA

Priscilla