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

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To: Squally who wrote (4126)8/11/1999 12:53:00 PM
From: Mark McNew  Read Replies (2) of 5541
 
When the dealins done my 12 shs will be replaced by 1 share currently worth 0.84 ?? 45 cents to get 84cents sounds too good to b true.

That is going to be a problem we will have to deal with for a while. EINI is down to .68 now. MVEE has been valued by this merger as 1/12th of EINI. The EINI people feel that their stock has been valued at 12x MVEE's price. Until the uncertainty is over, we may continue to settle.

I hope that we can get past this before US2 opens, but what would happen if MVEE was at .50 and EINI is still at .68. A 12 to 1 ratio would not be pleasant to think about then. This will probably delay any dramatic increase in share price due to US2 or other income until after the merger issue is resolved.

Mark
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