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: Ipso facto who wrote (1578)	11/8/1998 9:08:00 PM
From: M.R. Davis	Read Replies (1) of 5541

Dear Ipso Responding now to your first post. First I want you to emphasize again that I think you are raising some very valid points - and I don't want any negative reaction from the board members here to push you away before you share with us your knowledge and thoughts on these things. To take things point by point (and I'm sorry if I'm a little ignorant on some investment terms in the US - not my county of origin): 1) Probably my ignorance but what "Limited Partnership" are you referring to here? 2) Why are the MMs and Retail clients waiting to sell at 10-15 cents - why not hold out for more? 3) RE: Capitalism - how is he related to Peter Benz? What evidence do you have that he was paid early on in stock? [You do realize that these are serious allegations such that the SEC could get involved] 4) Why is the GG/MVEE deal only good if Rick Bach can keep raising money from investors? Do you think MVEE will not receive revenues sufficient to fund new movies? 5) I'm not sure what you are saying here - but it seems to be that: G/G are wooing individual investors to fund their movies ("has-been productions") and then will first see those investors recieve their money, then pay themselves handsomely in both overt and discreet ways - and leave little net income for MVEE. Is my reading of your comment correct? 6) Yes - probably true. G/G do not have an immaculate reputation for handling the finances. I have a friend who had a film distribution company out West - when I told him about MVEE on Friday he said that the finances would be mess and that G/G were pretty wild..... a reporter recently commenting on G & G's return referred to them as "Golan and Globus, who never paid a bill without a lawsuit" - still with investors that sits rather well - ensures excellent cash-flow. But your main point is, I am sure, correct - G & G have a bad reputation for the finances. I think that is why Peter Benz is around. 7) "MVEE@90million shares will never make anyone a penny...." well that is open for discussion - I think you have to admit that this is your opinion and not yet fact. Your well-formed arguments on this issue are very very welcome! Who said Milken took down Cannon? I heard it was first G & G's move into big budget movies - but then really Paretti who really screwed up Cannon big time (see earlier post from The Hollywood Reporter). My only evidence on this is articles posted in the Hollywood Reporter. Your evidence and reasoning behind this comment please! Regarding 504s - I've never heard of them. You obviously know a considerable amount - could you guide me to more sources on 504s? Thank you again for your posts I hope you appreciate that we want more evidence and arguments from you to support the thoughts you shared with us. Look forward to hearing from you Mark

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