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: bottomfish who wrote (4186)	8/13/1999 11:19:00 PM
From: LegalBeast	Read Replies (1) of 5541

And how do we know what "book value" is? The way I see it is that we need a lot more buyers than sellers for the price to go up. The day we had 74M shares, MHO is that we saw the same 10M or 15M shares turned over several times. I really believe that once we have two things we will be OK: 1) Reliable financials so that we can determine what the real "book value" is and 2) revenues so that we can accurately project the future. Once those two things are accomplished, we will be able to estimate if we have a 2, 4 8 or even 1/2 bagger here. If the revenues and the value are there, folks will buy and hold instead of bailing for the penny gain. Hmmmm 74M shares for a gain of 3c ... looks like $2.22M ... not bad for a few pennies gain. The proof that this will happen in this manner is in the price over the last few days. We have a really good press release and the stock goes to .065. Then we find out that there are about twice as many shares as we thought and the price cuts in half. Think about it!

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