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: Laz who wrote (17641)	5/15/1998 10:14:00 AM
From: Buster	Read Replies (2) \| Respond to of 27968

Laz, I disagree with your theory. For one, it would be illegal for Ira to manipulate the price of the stock by his actions/inactions. The other reason is that if Famh had the cash to pay for the acquisitions it would not have been necessary to touch the credit line that is backed by stock/warrants/convertibles. The details of the LOC agreement have not been given to the shareholders so this is my own theory. Ira said that the LOC was backed by stock/warrants/convertible...flexible agreement. I bet that if Ira borrowed 1mil from the LOC he would have to back it up with at least the same amount in stock/warrants/convertibles. Meaning that if the stock price goes down the company has to put up more stock/warrants/convertibles. I wish I knew the details to this agreement. One other thing. If Famh had the cash to repurchase shares why suggest a reverse split with warrants? Personally I feel that there will not be a significant share repurchase program. Buster