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


To: BCfan who wrote (20434)6/5/1998 5:13:00 PM
From: JustMy2Cents  Respond to of 27968
 
<<Do I have this correct?

On the 6/4 conference call, Arif said that FAMH is speaking with its SEC attorney next week regarding the outstanding share issue (among other reasons as well).>>

Please refer to my post Message 4733355 During the cc he did not elaborate in any detail.

Regards,



To: BCfan who wrote (20434)6/5/1998 5:27:00 PM
From: David Colvin  Read Replies (1) | Respond to of 27968
 
BCfan,

While we are at it, I was wondering about some things:

o Arif said they haven't used any of the credit line.

- Are we to assume FAMH simply wrote a corporate check to pay the IRS the initial $1 million dollars to acquire Myriad? (Ira went out of his way to emphasize that NO STOCK was involved in this transaction)

- Are we to assume FAMH bought 5% of the shares of ATRIX by simply writing another corporate check?

- Are we to assume that FAMH simply wrote another corporate check to acquire the Delaware Company?

- Arif said during the 70 million share bomb CC that the increase in shares was used for acquisitions. What acquisition(s) could possibly have been bigger than Myriad? What acquisition(s) cost FAMH nearly 50 million shares?

Dave

p.s. Still holding ALL my shares. Just don't understand all the above.



To: BCfan who wrote (20434)6/6/1998 9:11:00 AM
From: Sigmund  Respond to of 27968
 
What happens if it is determined that shares were issued to a party without proper consideration? Is issuance of shares a Board responsibility or can any officer simply decide: "hey, you seem to be a nice fellow...."?

This question of issuance of shares and future issuance of shares is the main factor keeping me from pulling the trigger to buy at these levels.