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

To: techstocker who wrote (16771)	5/11/1998 2:41:00 PM
From: TraderGreg	Read Replies (2) \| Respond to of 27968

To those who think this is a SCAM, then why would the IRS cut a deal with Ira on Myriad? A friend of mine at the IRS sniffed around and said that in the case of belly ups like Myriad, the Agency thoroughly checks out all Bidders before cutting a deal with them. Thus, Ira had to present audited financials to the IRS and the IRS had to bless them. The reason the IRS doesn't just take any offer is because if they take the first offer at say 50 cents on the dollar and that Bidder subsequently defaults, then they have to go out and renegotiate with a new Bidder at a discount to an already discounted deal. By the same token, lenders with foreclosures also check out the qualifications of bidders, rather than just roll the dice. TG So, if we have been conned, then so has the IRS...I just don't think so.