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: David Sirk who wrote (3264)	5/13/1999 6:15:00 PM
From: Osiris	Read Replies (1) of 5541

I do not believe a reverse split is a realistic event in the near future for the following reasons: Using an estimate of roughly 110 million shares outstanding and 95 mil in the float, a five for one reverse would only raise the price to $.20 - $.25 (ball-parking with my math). We know what would really happen.....it would tank at the first whiff of an RS. The point of a reverse split in my mind would be to prep the company for NASDAQ listing to get the share count right. The problem with that theory is this company is not yet SEC reporting, does not have the required amount of assets or the required # of board members (minor fix)to qualify for a listing, in my opinion. In short, a reverse would do nothing but destroy this company. I do not believe Cataldo and the gang got on board to have their ***es handed to them. Personally, I am hoping they (management) have been in on some of this buying. SASI is a positive sign IMO, if they have been loading up and generally do not play the pennies......you know they are looking for a solid return. JMHO Luck, O

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