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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 (4300)8/19/1999 9:57:00 PM
From: Stephen Goldfarb  Read Replies (1) of 5541
 
Barton: The report of 250 million shares outstanding (not float) comes from two sources. One is if there are to be 40 million shares, approximately, of the combined EINI/MVEE merger, and 50% of that is owned by former MVEE shareholders (i.e., 20 million shares), and they acquire those shares on the basis of 1 share for every 12 of MVEE, that means that there are 240 million shares outstanding. Two is that Leroyt, on this BB, confirmed in a conversation with Tony Cataldo that there are 250 million or so shares of MVEE outstanding.

Steve
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