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: Walter Morton who wrote (4753)	10/27/1999 2:20:00 PM
From: Chris O'Keefe	Read Replies (2) of 5541

Folks, I'm not sure I understand something: 600,000,000 shares times .005 means the current market cap is only 3 million dollars. That's not a very high market cap for a company that makes commercial movies, is not filing for bankruptcy, and has several projects lined up for the upcoming year. The only reasons I can think of for the .005 price are: 1.) People think/suspect that more dilution is coming; 2.) After a reserve split, momentum is usually downward, so why pick up shares at .005 when more can be had at a lower price?; 3.) People have doubts that the stock swap will be as favorable as 12 MVEE to 1 EINI. Am I wrong anywhere or did I miss anything? I have not bought any shares but I am thinking about it. If anyone here will comment I'd appreciate it as I'm still debating if the risk-to-reward ratio here is a good one. Thank you, Chris

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