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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 (5495)8/31/2001 4:34:16 PM
From: Walter Morton  Read Replies (1) of 5541
 
MVEE sold 10 Billion shares at $.000255/avg. price per share:

NOTE O - Subsequent Event

During the period May 1, 2001 through August 14, 2001 the Company issued 10,039,517,626 shares of its common stock for

$1,640,000 cash
$ 750,000 subscriptions receivable
$ 172,000 services rendered
__________
$2,562,000 Total
10,039,517,626 divided by share sold
__________
$.000255
900 multiplied by 900 (reverse split)
__________
$.22967 potential price after reverse split

Why doesn't MVEE do a 1 for 9000 reverse split instead of a 1 for 900. Maybe they could get on NASDAQ. LOL!!!

I would have preferred a buy back. But MVEE has mismanaged its cash.

sedar.com
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