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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 (4333)8/22/1999 9:22:00 PM
From: Stephen Goldfarb  Read Replies (1) of 5541
 
Barton: The last financial statement posted, to my knowledge, are those on the Canadian web site sedar.com. As I recall, they were published April 1999 for the year ending January 1999. Much has happened since then, so they are inaccurate as to current events.

The 250 million shares reported is a current figure, not a post merger figure. To get an estimate of the post merger figure, divide the 250 million MVEE shares by 12. You will recall that the merger is based on 1 share of EINI for 12 of MVEE. That will give you an estimate of MVEE's portion of the post merger outstanding shares. MVEE shareholders will own 50% of the combined entity. Therefore, multiply the post merger projected shares of MVEE by 2 to get an estimate of the total outstanding shares. In other words, 250 million / 12 = 20,833,333 X 2 = 41,666,666 estimated post merger shares.

A recording of the Tony Cataldo conference call is reportedly available at eini.net using Real Player. I understand there is a telephone number posted on the bb's which will also allow you to hear a recording of the conference call.

Leroyt, a poster on this BB, also reported a conversation with Tony Cataldo confirming the 250 million shares currently outstanding for MVEE.

I read a report on the bb that there is no outstanding debt for MVEE. I believe this was reported in the conference call. However, I did not hear the call.

Steve
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