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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 (2559)3/11/1999 9:40:00 AM
From: Vegas   of 5541
 
I still don't quite understand the warrants thing though??

The warrants work like a CALL Option. It gives the holder the right to purchase stock from the company at a pre-defined price. In this case $.35

I would assume the warrants were given to the original investors as an extra incentive. Companies do this often for pp's. They sell units were a unit consists of 1 common share and 1 (or more) warrants.

JF
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