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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alberto B. Plata who wrote (2198)	2/5/1999 11:49:00 AM
From: Suzanne Newsome	Read Replies (4) of 5541

Alberto, objectivity you requested? I just spoke to Clint Cantwell at Rubenstein Investors in New York [(212)-843 8051]. A summary of our conversation follows. Outstanding shares are just under 97 million. This number comes from the SEC filing which is being prepared now. MVEE will be fully reporting in the next couple of weeks, which Mr. Cantwell termed "a big step for a bulletin board stock." He stated he is not aware of any additional dilution planned for the future. The float is 80 million shares. I challenged him on this figure saying that we understood Golan and Globus each held 20 million shares apiece with another 20 million shares held by various insiders. Mr. Cantwell said the 80 million float figure came from Peter Benz yesterday. As to the alleged "dumping" of the stock, Mr. Cantwell said it was his understanding that Alexander Westcott closed its retail branches last month. Their people, who own a "sizeable" amount of the stock, went to various new firms and are selling into the market. I asked how much more selling was coming, and he said he had no way of knowing that. He said next week was going to be a busy week for the company. I asked whether there would be a "U.S." sale of rights to "Speedway" and a "worldwide" sale. He said there may be more deals made than just 2 for "Speedway". (The implication was that the planet will not be divided into just 2 entities.) The company anticipates a major sale by the end of the month. As for the general outlook, Mr. Cantwell said the company was "heading in the right direction." He knows of 1 or 2 other deals in the pipeline which are near announcement. He would buy the stock "if he could" (he didn't elaborate on that statement). Mr. Cantwell was open, direct, and friendly. Regards, Suzanne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next