1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tim Davies who wrote (4784)	11/2/1999 10:33:00 PM
From: jhild	Read Replies (1) of 5541

Let's see, 600M shares X .004 per share. That puts the current company at a market cap of about $2.4M. For these shares to qualify for a $4 per share minimum Nasdaq threshold there can only about 600K shares outstanding after whatever reverse split they may consider to achieve this. So the hard reality here is that they will either have to do a 1:1000 reverse split at the current market cap or they will have to find a way to raise the current market cap from $2.4Million to $2.4Billion. Tim I'm afraid those talking Nasdaq here are like those following "the second star to the right, straight on until morning" - on a trip to Neverland. If they keep thinking happy thoughts though, maybe with a little bit of pixie dust, they can at least fly around the room.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next