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


To: Mr. Jens Tingleff who wrote (25915)12/7/1998 10:10:00 PM
From: R. Murphey  Read Replies (1) | Respond to of 27968
 
Jens: Re: <<... template for a proper SEC complaint...>>

It is not necessarily the "form", but the content and timing that matters. You do not need to be an expert in U.S. securities law. Plainly, and thoroughly document what was not right, deceptive, or fraudulent, along with some indication of how you were "injured". See the following pages:

sec.gov
sec.gov
sec.gov
sec.gov

But note this excerpt:

<<...To take advantage of these [State]laws, you must initiate legal action or arbitration within a certain time period or you may lose your legal rights to recover funds. These time restrictions, called "statutes of limitation," vary by state, with some states allowing more time for investors to take action than others.

The federal securities laws require that legal action must be initiated within one year of the date when you should have reasonably discovered the wrongdoing, but in no case later than three years from the date the wrongdoing actually occurred. If your claim is $10,000 or less, there is a simplified process where one arbitrator reviews your claim based on documents and a written description of what occurred....
>>

Consider a possibility that the company may be using its PR to string investors along, indicating "the pot of gold is just over the next hill......or the next ..... or the next ....." until some statutes of limitations expire. Delaying complaints to both the SEC and the State of Texas would certainly be in FAMH's (and its officers) best interests. Is such a scenario possible? ....... How many "slick" lawyers do you know, and what is their purpose in life? To represent their client?

Just what was the purpose of the FAMH counsel that "specialized" in SEC matters? Was it to advance "full reporting", leading to NASDAQ registration? The Atrix deal? Was it to address the earlier complaint issues the SEC was looking into? Or, was it to plan a way to mitigate the financial impact of shareholder litigation?

My mind is full of questions, seeking answers, in light of the facts and probabilities presented by this company. I can only say my personal skepticism light is turned up bright, until some verifiable facts demonstrate something significant has changed. So far, my gut is still yelling caution, and every word uttered by the company deserves extra scrutiny due to the blatant history of misleading remarks and PRs.

It is up to you to determine if you were injured by a Company's actions, and if you believed their actions may have been illegal, such as gross misrepresentation of facts for personal or corporate gain. You have the information to proceed with a complaint, and you can even file it via the Internet.

The State of Texas should be considered also. That appeared to be FAMH's State of incorporation, and may have a more direct interest in the behavior of its corporate citizens.

Good luck.