1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Walter Morton who wrote (5251)	4/7/2000 4:45:00 PM
From: Mr. E	of 5541

Off balance sheet means it can't be debt. Debt, long term and short term, is an included item on the company's balance sheet. A limited partnership would not be on the books because the company is basically selling a stake in a limited, future enterprise. The funds raised by the partners pay for producing the product. Revenues generated by the product would be distributed to the partners after expenses are paid (in other words, profits). The company, MVEE, would retain a percentage of the profit as well. It's a way of reducing the risk by sacrificing potential rewards. You can get a prospectus for the subscription from the company if and when they decide to open the subscription up. If you can't wait, get one from SilverScreen Partners or any one of a number of limited partnerships. The legaleze, risk assessment, etc should be pro forma. Any movie produced would have the partnership as well as MVEE listed as producers in the credits. It might be: Miracle Partners Producers A First Miracle Production Produced by JCVD Walter Morton Producer Clear as mud?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next