SI
SI
discoversearch

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: Lurker who wrote (23228)8/20/1998 12:30:00 PM
From: Warthog  Read Replies (1) | Respond to of 27968
 
Here is my scenario on what has happened. ( A lot of allegations
with only observations)

1. Famh got into trouble with the IRS in 96, owing big $$$.
2. Someone at the IRS notifies the mob/irs and famh is loaned money
to pay off the IRS. They are forced to hire IRA by the mob.
The mob/irs also gets about 10,000,000 shares.
3. IRA, and his paid associates (in arizona,calif. and new jersey)
hyped the stock to hilt, running the price from .09 to .70.
4. The mob/irs and associates cash in, making 5 or 6 million and
go to another target.
5. Arif, (clueless) and wanting to stay in control, prints another
50 million shares.
6. Arif uses money to get myriad and new management, who are
uncovering the mess.
7. Arif files to sell 5,000 shares so he can get cash and leave
the country.
8. Investors are left with a loooooooooooooooong term investments.

My Opinion only.

collin