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


To: carolm who wrote (13082)4/20/1998 8:07:00 PM
From: Brad  Read Replies (1) | Respond to of 27968
 
Hi Carol! No, those were not intended to be monthly closing estimates. They are just stair step price points.

I expect FAMH to effectively be trading on NASDAQ (via ATXI merger) sometime in June. But I think we will see several price levels (or plateaus) in the process of getting there.

I also think the exchange ratio will be better because I expect the FAMH price to improve while I think the ATXI price will likely get caught in limbo.

Who would want to buy into ATXI? Its sales are down about 30%, so I think it is hanging on to its current price on the "idea" of the merger. FAMH has the value. If the deal fell through, I think ATXI would drop to under a dollar quickly.

Right now, my guess is that ATXI insiders are buying the stock to try to keep price up. So I figure the 4:1 is not set in stone.

Just my opinions, of course.

Best wishes,
Brad