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Microcap & Penny Stocks : Miracle Entertainment - MVEE
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To: Tim Davies who wrote (326)10/7/1999 5:37:00 PM
From: Walter MortonRead Replies (1) of 526
 
<<Based upon EINI's Friday, August 6, 1999 closing price of $0.843, the agreement values MVEE at $0.49 per share, a nearly 100% premium to MVEE shareholders, based on Friday, August 06, 1999's closing price of $0.041. This transaction is expected to be accretive to both EINI and MVEE shareholders. The combined company is expected to have a pro forma market capitalization of approximately $36 million.>>

I believe it is possible that on August 6, 1999 MVEE had approximately 475 million shares outstanding with a market capitalization of about $19.5 Million. It is also possible that EINI had about 14 million shares outstanding with a market capitalization of around $16.5 million.

475 million shares divided by 12 in only 39.6 million shares.

<<The combined company is expected to have a pro forma market capitalization of approximately $36 million.>>

That is assuming that the stock price does not drop.

As of the close of October 7, 1999 I expect that the combined market capitalization of MVEE and EINI is approximately $10 million.

Maybe Tony Cataldo can clear this all up in his next speech. Perhaps he misspoke when he said MVEE capitalization was between $8 and $11 million.

Yesterday, I saw clothes hanging on a clothes line. That makes at least three families within 10 miles of my home.

If you knew TC made a mistake would you buy more shares at $.012?

Did you notice that EINI has fallen to its 52 week low of $.312?

$.012 times 12 = $.144

Have you compared the old $.49 and $.843 to the new $.144 and $.312?
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