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

To: ElGator who wrote (15457)	5/6/1998 10:45:00 PM
From: Mark[ox5]	Read Replies (2) \| Respond to of 27968

<< Technically, this one isn't even a reverse split>> Huh? Because you get a warrant thrown in? Cmon At least before he was merging INTO a company, that was NOT a reverse split. This is... << I recently went through this with another company and it turned out well. >> Please point the company out to us. I am sure there is always the odd case... where it would go up after a reverse merger. But its nice to take the odds too. The odds being in most cases that does not happen. I wish I had an empricial study somewhere that showed the # of company's whose price went UP after a Reverse Split? I would gather the % would be under 10%... I do agree with this point: <<Ira needs to do something to move to the next stage, which is to obtain the NASDAQ listing, and that is what he is trying to do.>> In my opinion Ira was counting on ATXI more than we really understand. He was willing to give up all these NEW shares to grow the company because he believed it would be lost in the mix once FAMH got on NASDAQ...and he was right. On NASDAQ these new shares would not be 1/10th the problem they will be on OTC-BB. Ira was COUNTING on some sort reverse ... Ira said so in a CC 3 weeks ago. He said outright on the CC to paraphrase an answer to Anna Love about all the new shares "Yes..there is dilution but once we reverse with ATXI our shares O/S and in the float would mirror that of a normal company" All these aquisitions by FAMH didnt start coming in earnest until AFTER Jan 1.... right about the time Wescott brough ATXI to FAMH's attention. At that time it seems as if Ira was making a smart plan of A) starting the hostile merger with ATXI and B) growing his company in a big way with issuing shares. knowing that the impact of these shares would be reduced in a big way with a NASDAQ shell.... So give Ira credit for thinking ahead; but give him blame for his attitude with ATXI which seemed to break the case. (that and it seems ATXI never saw the financials either) You can win or lose with a bull like Ira... he stomped a little too hard, a little too early on ATXI..(Buckeye pointed that out many times as the negotiations were being played out--Buckeye being a business man himself) Part A fell through, and now Ira has a problem... because he and we all can see FAMH is going to have troubles moving up with 53M shares or more. Unfortunately, the reverse split seems the only way out of it, unless he can find another shell. Either way, not worth the short term risk for this little soldier. After the shares O/S are reduced and the float is reduced after a Reverse Split, and the price (in high probability) goes down, then it seems a good entry point at this juncture. Will miss some upward movement in the meantime most likely.. but ... hey its a "gamble". Hoping Ira can roll those snake eyes... Mark