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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: vanilla ice who wrote (1151)9/1/1998 10:42:00 PM
From: Suzanne Newsome   of 5541
 
It was posted on Yahoo (and discussed here) that 4 people own 75 million shares of the float. According to Jeffrey Volk, these are the facts. There are 90-95 million shares outstanding. The float is 30-35 million shares. The closely held stock is approximately 60 million shares. Golan and Globus both own substantial amounts, as do Peter Benz and George Furla (producer). Other insiders own significant amounts. Thus, a large chunk of the outstanding shares (approximately 60 million shares) is closely held by insiders, but it is more than 4 people. Does that clear up anything? Regards, Suzanne
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