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

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

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To: Neurogenesis who wrote (539)	7/4/1998 12:27:00 PM
From: Stephen Goldfarb	Read Replies (1) of 5541

Reversing, at some point, seems the logical thing to do. One of the initial concerns was that the company was issuing shares in payment for film rights. A spokesman for the investment banking firm said they would not issue more equity until there was positive cash flow. Who knows when this determination will be made. Issuing shares at a very low price causes significant dilution. A reversal theoretically increases price, so that distribution of equity thereafter is less. It is always a tradeoff. We are pretty much left to watch and wait. Steve

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