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: Tim Davies who wrote (4507)	9/1/1999 5:13:00 AM
From: Stephen Goldfarb	Read Replies (1) of 5541

I also see little meaningful "synergy" between the two companies. I have been unable to ascertain how Entertainment Internet warrants 50% of the combined companies, other than, as was said to me, the lawyers and accountants declared it so. Audits of both companies are reported to be pending. That may clarify matters. The presumed merit of the merger is to reduce the outstanding shares of MVEE. If the post merger price of the new company remains well above its present price, the stock may become less desirable for day trading, and may more accurately reflect positive developments of the company. But pending clarification to the contrary, it appears that the merger shifts too many MVEE assets and earnings potential to EINI shareholder interests. There could have been a better way to reduce outstanding shares. Steve

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