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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: Stephen Goldfarb who wrote (4089)8/10/1999 12:26:00 PM
From: LegalBeast  Read Replies (2) of 5541
 
Stephen, your logic is amazing. Perhaps your investment would be better placed in another stock?

There are very different reasons for a reverse split and for a reverse merger/reorganization. First, the companies who do reverse splits are still the same entity after the RS, they just have a higher share price, and more shares available to be issued, since the authorized share number does not have to be modified. Neither of these applies to MVEE. Since they are, at this red hot moment, a Canadian company, they can issue as many shares as suits their fancy. Secondly, after the RS as you want to refer to it, is complete we will NOT have the same company as we had before. We will have merged with EINI. The resulting company will be worth approximately twice what it is today.

Most novice investors equate the term "reverse split" with bad things. Most companies who use reverse splits are indeed in trouble and need the higher price and more available shares to stay afloat. Your continued protestation that this is nothing more than a RS is pure bashing intended at misleading the public and inducing them to sell. But, you know as well as anyone who has done even a rudimentary amount of DD on MVEE, that the term reverse split and all that goes along with it is completely improper to be applied to the present situation. If you bother to look at the world of mergers, you will find that an adjustment of share price is very common when two companies merge. Rarely does the company with higher value split their stock. Most of the time it is as it is here with the lower price shares being consolidated.

But, if you still believe as you posted, them I am sure you can find solice in the rest of the market and would be best advised to move on ...
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