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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: Leroyt who wrote (5123)3/2/2000 12:35:00 PM
From: Walter Morton   of 5541
 
I guess PFCK borrowed the money to buy MVEE. I can't find any financial statements that indicate that PFCK has ever had much more than $90,000 in cash.

You make a good point that the news was released by PFCK and not by MVEE. PFCK has gone over $2 as a result of its announced $300,000 investment in MVEE. I won't guess at how many additional shares were issued to PFCK.

As MVEE's price goes up, PFCK can sell some of its MVEE shares and pay MVEE the $300,000.
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