PART II
Item 5. Market for Common Equity and Related Stockholder Matters.
Alfa's Common Stock trades in the over the counter market and
is listed on the OTC Bulletin Board under the symbol "ALFE".
The Company has been informed, but cannot be certain, that the
high and low bid prices for the Common Stock for the eight quarters
ending 12/31/95 was 1/16 and 1/64 respectively. At March 15, 1996
the Company had 6,545,006 shares of its Common Stock issued and
outstanding and there were approximately 1,885 holders of record
of such Common Stock.
The Company has never declared any dividends and it is
anticipated that any earnings will be retained for the Company's
business in the foreseeable future. Any declaration in the future
of any cash or stock dividends will be at the discretion of the
Board of Directors and will depend upon, among other things,
earnings, the operating and financial condition of the Company,
capital requirements, and general business conditions.
The transfer agent for the Company's Common Stock is
Continental Stock Transfer and Trust Company, 2 Broadway, New York,
New York 10004.
At December 31, 1995 and as of March 15, 1996 the Company had
21,600 shares of Series A Preferred Stock issued and outstanding.
When the Plan of Reorganization is fully implemented the
aforementioned 6,545,006 shares of Common Stock will be reverse
split on a 1 for 25 basis, the Company's pre-petition creditors who
have filed proofs of claim will be issued a total of 303,680 shares
of Common Stock, the Company's president, Mr. Frank J. Drohan, will
be issued 498,241 shares of Common Stock and the aforementioned
21,600 shares of Series A Preferred Stock will be exchanged for
21,600 shares of Common Stock.
