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: bottomfish who wrote (1555)	11/4/1998 8:07:00 AM
From: out_of_the_loop	Read Replies (1) of 5541

Please do not go talking about reverse splits unless you know something is up. Reverse splits are not good for any company. Characteristically, reverse splits do not occur when companies are doing well. Buybacks do, but reverse splits do not. What usually happens is that if a company trades at .10 and reverse splits (say 10 for 1), the shares trades for $1 briefly - before the price plummets to approach the pre-split price. Shareholders lose bigtime. 9 million sounds better than 90, but if you own stock here, it ain't. Buybacks = good. Reverse splits = bad.

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