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

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To: bottomfish who wrote (5311)5/18/2000 2:01:00 AM
From: Walter Morton  Read Replies (1) of 5541
 
I expect a reverse split eventually for what ever reason. However, I don't believe a 100 - 150 reverse split is necessary. If MVEE releases "Speedway Junky", "Held For Ransom", "Very Mean Mean", and "After Sex" in 2000 the stock price will go up without a reverse split. However, if the stock price goes up to say a $1 without a reverse split, people will say that there is no way MVEE is worth $1.5 Billion (its market cap at $1/share).

Concerning a buy back: If MVEE does not buy back some of its shares I would think they don't have confidence in the company's future or MVEE wants to be taken over by somebody else.

As far as NASDAQ goes, MVEE(pinksheets) has to prove that it is capable of remaining listed on the OTCBB before it can expect to become listed and remain listed on NASDAQ.
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