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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 (5529)11/13/2001 11:16:08 AM
From: ferrgus  Read Replies (1) of 5541
 
Regrettably, the shareholder "vote" was a farce. The shysters set it up so that anyone who didn't return their proxy was considered to vote "FOR" all of the items -- one of which was a 900:1 reverse split.

It's a real shame this had to happen. In the early days, MVEE truly had a lot of potential. Now, the stock price is destined to drop to an equivalent price of 0.000000111 (today's price of .0001 divided by 900) because they'll undoubtedly issue enough shares after the r/s to drive the price back down to .0001 again.

Let this be a lesson to all potential investors in pink-sheet scams.
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