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: MoneyBaggs who wrote (2419)	2/21/1999 3:15:00 PM
From: Suzanne Newsome	Read Replies (2) of 5541

I have been out-of-town for the last week and just caught up on the SI and Raging Bull posts. What a great week to have missed! BTW, anyone seriously trying to follow MVEE must read the RB posts. Links to the RB thread are in the posts preceding mine. The price deterioration observed last week would seem to result from lack of a big announcement about the sale of "Speedway" and possibly the big "seller(s)" continuing to dump the stock. Many posters on RB are hepped up about the lack of information from IR about the results of the screening. IMO, considering the company is in the midst of negotiations, this is the time to hold your cards close to your chest. Letting the IR guy say the company is taking "Speedway" to the AFM is perhaps a way to let potential buyers know that the company is not desperate to sell and is willing to hold out for its price. Most recently we have seen the post of a rumor that "Speedway" has been sold for $10-15 million. The gentleman who posted this message on RB says he was a cameraman (or cameraman's asst.?) during production of "Speedway". I do give some credence to this poster. I have been asked to be more specific as to why the seller would dump large amounts of stock at this time. I was told the selling was due to a "control and dom" problem with the SEC. Frankly, I do not understand this finance slang. However, the implication is that the seller has to get rid of a large amount of stock before the SEC intervenes. That was my meaning when I posted that the big selling going on is unrelated to the fundamentals of the company. One observable, verifiable fact is that a huge amount of selling ruined the big run-up the daytraders were expecting. How much stock does the seller have left? Although I've asked the question several times, the answer which was given just recently is 5 million. I am unable to verify this number. I reported on my call to Clint Cantwell (IR) a few weeks ago and recorded his statements that outstanding shares are 97 million and the float is 80 million. I compared that statement to my notes on a conversation with Jeffrey Volk on 8/21/98 in which he said the float was 30-35 million implying closely held shares were 60-65 million. How did the closely held shares shrink from 60-65 million to 17 million in 6 months? Regards, Suzanne

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