1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: M.R. Davis who wrote (1585)	11/8/1998 9:57:00 PM
From: Ipso facto	Read Replies (2) of 5541

OK - POINT BY POINT 1) Probably my ignorance but what "Limited Partnership" are you referring to here? THE INDEPENDANT HOLLYWOOD PARTNERSHIP WAS THE OFF BALANCE SHEET FINANCING METHOD THAT WOULD HAVE CREATED THE FUNDS FOR MVEE PRODUCTION. THE LP WAS WRITTEN BY GOLAN AND RICK BACH, STRUCTURED BY TENZER GREENBLATT(NYC). 2) Why are the MMs and Retail clients waiting to sell at 10-15 cents - why not hold out for more?... WHEN YOU OWN A STOCK AT $0.01-$0.05 AND YOU HAVE 90,000,000 OUTSTANDING - A DOUBLE OR TRIPLE IS A SUPERB INVESTMENT 3) RE: Capitalism - how is he related to Peter Benz? What evidence do you have that he was paid early on in stock? [You do realize that these are serious allegations such that the SEC could get involved] CAPITALISM IS A BUDDY OF BENZ. I KNOW THAT HE WAS ENLISTED TO CREATE THIS THREAD. THE SEC IS ALL OVER THIS TYPE OF PROMOTION.LOOK AT THE FIRST POST ON THE THREAD ----ASK YOURSELF "IS HE A PROMOTER?" 4) Why is the GG/MVEE deal only good if Rick Bach can keep raising money from investors? Do you think MVEE will not receive revenues sufficient to fund new movies? SHORT ANSWER - YOU NEED BOTTOM LINE PROFITS TO MAKE MVEE WORK on the other hand: A NEW "PRIVATE" PRODUCTION COMPANY COULD OWN, FINANCE AND PROFIT FROM GG'S MOVIES WITHOUT GIVING PUBLIC SHAREHOLDERS A PENNY. AFTERALL - WHAT IS THE POINT OF BEING PUBLIC UNLESS YOU CAN ACCESS THE PUBLICS MONEY? THE MVEE STRUCTURE DOESN'T ACCESS PUBLIC CAPITAL - IT HAS CROSSED 'CHEAP' MVEE STOCK INTO THE HANDS OF INVESTORS. ALAS, G/G CAN MAKE MOVIES WITHOUT THE CUMBERSOME ANTICS OF RUNNING A PUBLIC COMPANY AND ITS STOCK. IF BACH'S EFFORTS CANT RAISE MORE MONEY THEN WHY RUN A PUBLIC COMPANY ----MOVIE FINANCING WORKS JUST AS WELL PRIVATELY TOO !!!! 5) I'm not sure what you are saying here - but it seems to be that: G/G are wooing individual investors to fund their movies ("has-been productions") and then will first see those investors recieve their money, then pay themselves handsomely in both overt and discreet ways - and leave little net income for MVEE. Is my reading of your comment correct? SOUNDS ABOUT RIGHT. 6) Yes - probably true. G/G do not have an immaculate reputation for handling the finances. I have a friend who had a film distribution company out West - when I told him about MVEE on Friday he said that the finances would be mess and that G/G were pretty wild..... a reporter recently commenting on G & G's return referred to them as "Golan and Globus, who never paid a bill without a lawsuit" - still with investors that sits rather well - ensures excellent cash-flow. But your main point is, I am sure, correct - G & G have a bad reputation for the finances. I think that is why Peter Benz is around. PETER BENZ COULDN'T DIRECT TRAFFIC ____HE'S RICK BACHS INSIDE MAN. 7) "MVEE@90million shares will never make anyone a penny...." well that is open for discussion - I think you have to admit that this is your opinion and not yet fact. Your well-formed arguments on this issue are very very welcome! 90,000,000 OUTSTANDING.......CMON -GET A LIFE Who said Milken took down Cannon? I heard it was first G & G's move into big budget movies - but then really Paretti who really screwed up Cannon big time (see earlier post from The Hollywood Reporter). My only evidence on this is articles posted in the Hollywood Reporter. Your evidence and reasoning behind this comment please! GOLAN BLAMES MILKIN FOR CONVERTING AN EQUITY BALANCE SHEET TO DEBT .....BUT THEN AGAIN MILKIN WOULD HAVE RECONVERTED THE DEBT BACK TO EQUITY EVENTUALLY. Regarding 504s - I've never heard of them. You obviously know a considerable amount - could you guide me to more sources on 504s? SEARCH - WWW.SEC.COM .....SMALL BUSINESS, reg d - 504 Thank you again for your posts I hope you appreciate that we want more evidence and arguments from you to support the thoughts you shared with us. REGARDS IPSO FACTO

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