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Microcap & Penny Stocks : Miracle Entertainment - MVEE

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To: Tim Davies who wrote (326)10/10/1999 3:06:00 AM
From: Walter MortonRead Replies (2) of 526
 
Confirmation in: Over 560,000,000 shares outstanding;

Only $3 Million Dollars in Assets (That's U.S. $);
May be fined by the SEC for selling shares in the U.S.;
May be sued by shareholders in the United States;

It seems that there is still some debt ($250,000 U.S.) that can be converted into common stock at 65% of the 5 day average as long as the conversion price is between $.50 and $.85 U.S. Correct me if I am wrong.

There was a statement in the document that said on November 6, 1999 the company issued 1.25 million shares to a board member. This was not in the subsequent event section.

It was interesting that the subsequent event section did not mention Neitchie or Held For Ransom or Alicia's Book or Really Mean Men. Did I overlook that section of the document?

Also, did you notice the possible conflict of interest. In the "first look" agreeement. What ever project MVEE rejects Tony Cataldo can produce seperately without MVEE. Did anybody get a different understanding of that agreement? Does anybody think there is no potential for conflict of interest?

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