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: bottomfish who wrote (4304)	8/20/1999 12:11:00 AM
From: Stephen Goldfarb	Read Replies (1) of 5541

Barton: According to the news release announcing the merger, the combined companies would have a market capitalization of approximately $36,000,000. The price of EINI shares on the day of the announcement was .843. Therefore, $36,000,000 divided by .843 per share equals 42,704,626 shares. This, of course, is an estimate of post merger outstanding shares. The "float" refers to shares trading. The float is usually less than shares outstanding because it excludes shares that are restricted from trading. Steve

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