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: Cavalry who wrote (809)	8/1/1998 12:54:00 PM
From: LegalBeast	Read Replies (1) of 5541

Well, I got in at 12, averaged UP twice, and then picked up some more on the way down. My average price is .24. I did not get scared off because of any of the bad press I heard, because I knew this puppy had controls in place to prevent the same thing from happening again. I do think that this thing was dirven down just as much because of scared investors as it was because of shorting MMs. On the issue of off balance sheet financing, what we are actually talking about is a joint venture wherein separate investors fund the movie for a cut of the action. GG gives the talent and the $ folks give the bucks. Everyone is supposed to profit. Whether or not the investors actually profit is a function of money made. How much GG porofit is also a function of money made, but the bottom line is that even at a loss (Which I don't forsee) GG will be in positive territory with their cut since the break even threshold is simply the overhead of the company, and not the actual dollars of production. On that tho, let me say this: I have been seriously thinking of investing in production costs in addition to my dollars here in the stock!

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