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: JIN CHUN who wrote (14049)	4/27/1998 4:10:00 PM
From: TraderGreg	Respond to of 27968

Excellent point. By Jin, I think you've got it. Acquire with restricted...buy back from the float. That works fine by me. TG

To: JIN CHUN who wrote (14049)	4/27/1998 4:11:00 PM
From: Buster	Read Replies (1) \| Respond to of 27968

Jin, A lot of people seems to attribute the large increase in shares to the large % increase in revenues. The majority of Fahm's growth came from the Myriad deal which was all cash. do you have a theory on what the 30+mil shares was used for? Fahm also has a line of credit which if used would add additional shares into the total outstanding shares. I'm glad that Fahm is finally going to release their 1997 financials. we can see where some of those shares came from. Buster

To: JIN CHUN who wrote (14049)	4/27/1998 4:33:00 PM
From: Omnichrome	Respond to of 27968

JIN and All, I seem to remember Ira saying in a CC that FAMH would "retire" the stock that was issued to pay for Myriad. Anyone else recall that ? If so, Ira should follow through on that and thereby help reduce the outstanding # of shares. Be careful out there.

To: JIN CHUN who wrote (14049)	4/27/1998 4:47:00 PM
From: carolm	Read Replies (2) \| Respond to of 27968

I just had a conversation with Tim Brink, of Wexford Capital. I wanted to hear his perspective on the events that transpired Friday, and his opinion of Ira and Firamada. My impressions of the conversation are as follows: He feels the management of Atrix is very short sighted, and he was sorry that they were not able to affect the change. If they (Wexford and FAMH) had called for a meeting and forced their hand, it would have taken months. He doesn't think Firamada needs Atrix to get to Nasdaq. He was impressed with Firamada and Ira. He has personally taken a position in FAMH and so has his firm (in the .40's). He wants to continue his relationship with Firamada to help them identify undervalued companies acquire as they grow. He expects Ira's tour to help achieve Nasdaq soon by bringing in larger investors. (He couldn't go into detail, but he seemed to know more). He has seen the shareholders list and feels that the restrictions on the new stock will keep it closely held, and that it will not be a problem to achieving the price we need. His firm is also working with DGIV to help them finance growth without shareholder dilution. A very positive report!