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

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To: Dilution who wrote (3678)6/25/1999 9:27:00 AM
From: Osiris  Read Replies (2) of 5541
 
I do not believe a Reverse Split is wise at this point in time.

The announcement of a RS would send this stock to the $.005 to $.01 level at this time IMHO. In the future, if the company were to buy back some shares or somehow increase the stock price with the current outstanding count, a RS would be prudent. At that time, I would agree that a RS would be an indicator of future NASDAQ listing.

Right now, I am concerned with the status of SEC filing. I want to know where I stand re: the share count, insiders, etc.

I do not remember who mentioned that the sale of SJ was a rumor, but that 'rumor' came directly from MVEE. I spoke with Cantwell on numerous occasions about that very topic. I am sure it is not a possibility that I could have been lied to (ha ha).

Luck,

O
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