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


To: William Macko who wrote (27052)3/18/1999 8:32:00 AM
From: R. Murphey  Read Replies (1) | Respond to of 27968
 
William,

Thanks for your inputs. One of the things some posters were referring to, about "no date", was the "postmark" date on the envelope that I had asked about. Nothing more.

Regarding voting the your shares: Obviously, you can vote them anyway you please and at any time. The purpose of holding off on the voting, is not to "stuff" the box at the last moment. That will have no benefit. What will have a benefit is careful study on how shareholders can use their right to "cumulate" votes.

Each shareholder has 5 votes per share of stock owned. Company by-laws permit "cumulating" those votes and directing them to 1,2,3, or 4 candidates. This can increase the opportunity for influencing the composition of the Board of Directors. Properly used, it is a big benefit. Obviously, the company included it as a way to insure it could control the Board composition and I feel confident Mr. Adam will utilize the rule to his benefit.

So, if you have 1 mil shares, you have 5 mil votes. How do you get the most, long term benefit from using those votes? That is the subject of discussion. There are a lot of shareholders who want change, so, what do you see as the best way to proceed, with this background information?

FSAAA is just trying to make the most out of the resources available, the intense time constraints, and the obstacles of reaching all the shareholders. I hope this sheds some light on the situation. That is why they are asking for temporary delays in voting those shares. Mr. Adam can vote his at the shareholder meeting as could other attendees. That is "STUFFING THE BALLOT BOX" once all the other votes are known.

Best regards,
Bob.



To: William Macko who wrote (27052)3/19/1999 11:03:00 AM
From: M Murphey  Read Replies (2) | Respond to of 27968
 
William Macko sent me a e-mail, he is off SI until the 21st. He wanted me to pass on that he was not accusing anyone of anything and if the stock price ever goes up to the level he bought at, I would be amazed. He wishes us well.
Thanks,
MM