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: Banditjrjr who wrote (1990)	1/5/1999 11:14:00 PM
From: out_of_the_loop	of 5541

<< Does the above, mean that the company is worth ~ $6 mil, right now??>> It means that is what the market thinks it is worth. <<<And if so, does this mean that if they were to make, let's say, $10mil from off of one movie, then would the stock price reflect: $10 mil + $6 mil = $16mil / 99,000,000 = $0.16 per share?? >> The stock price will reflect that only if enough people show their confidence by buying more shares. I think you are confusing the market cap with the actual "book value" of the company, which is based on the assets, cash, etc. owned by the company (in other words how much the liquidation value is). The former is determined only by the market and the latter is determined by accountants. In a nonreporting company, you will never know the actual book value because it is not verifiable by a neutral third party.

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