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

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To: Alberto B. Plata who wrote (4309)8/20/1999 8:39:00 AM
From: Telemarker  Read Replies (1) of 5541
 
Alberto, any interested party can file a legal complaint to try and stop this (at their own expense). If, aside from the big boys, MVEE has only a diverse base of small shareholders then it is unlikely that this will happen. The stakes are probably too small here to find a firm who will handle this hoping to have a class action established. Thus, if all the little guys are willing to be taken, they soon will be and therefore you would be correct as a practical matter. It is exactly that "identical principal and directors" which in large part support the appearance of impropriety here.

For my part, I'm still holding on. Reviewing what I can and awaiting the proxy materials. Thanks to those who have provided information. Transparency sucks here, to be sure, but one expects that in this type of investment.
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