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: Capitalism who wrote (516)	6/26/1998 11:07:00 AM
From: Syd Deem	of 5541

OK - thanks - from your post - "Persuant to the outside financing agreement, Magic Entertainment will receive 20% distribution fee ad infinitum until investors recoup 110% of their investment, after which Magic will retain, in addition to its 20% distribution fee, 65% of all revenues. What we find so attractive about the off-balance sheet financing is that Magic will not be responsible for the amortization of the cost of its films since copyright and negatives remain the property of the investment partnership vehicle, while Magic retains the exclusive right to distribute and license the productions." Now I see the value of the stock.

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