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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: HairBall who wrote (1628)11/9/1998 5:53:00 PM
From: Ipso facto  Read Replies (2) of 5541
 

LG ,

1)IPSO FACTO JOINED 11/7....I HAVE BEEN HERE ALL ALONG
I AM ATTEMPTING TO ACERTAIN EXACTLY WHAT THE THREAD BELIEVES AND WHAT THE THREAD THINKS IS BS.

2) IM A DEAL MAKER, EXPERIENCED IN CAPITAL STRUCTURES, WITH SEVERAL INVESTORS WHO PLAY IN MY DEALS

3)IF I WHERE LONG HERE AT $0.10 - $0.20 I'D HOLD.BUT I'D BE WILLING TO TAKE A TAX LOSS.IF I WHERE LONG $0.30+ I'D GO BACK TO MUTUAL FUNDS AND WEED THE GARDEN.

MY TRUE WORRY HERE IS 2/3RDS OF THE FLOAT CAN BE USED BY WESCOTT, AND THAT GG HAVE A HABIT OF DOING DEALS FOR FUNDS THAT ALWAYS SCREW THE GUYS WHO ARE ALREADY IN THE DEAL.
GG REMIND ME OF A COUPLE OF OLD TARTS WHO HAD THEIR 15 MINS OF FAME AND ARE CONVINCED THAT THEIR TIME IS NOT OVER.

THE ONLY REAL MARKET FOR THEIR JUNK IS CABLE , PPV, AND FOREIGN DISTRIBUTION SYSTEMS. BUT IT IS A NUMBERS GAME - THEY NEED TO PRODUCE DOZENS OF MOVIES - THAT WAY A BRAND CAN BE CREATED AND PACKAGED.
UNFORTUNATLY, THEY ARE UNDER CAPITALIZED, LIVING HAND TO MOUTH ON HANDOUT BRIDGE MONEY FROM PRICK BACH AND WESCOTT.
THIS IS A TRAIN WRECK WAITING TO HAPPEN, UNLESS GG CAN SECURE REALISTIC FINANCING ON A REVOLVING BASIS, RESIST THE TEMPTATION TO FIDDLE THE BOOKS AND CONTINUE GROWING THE BUSINESS "WITHOUT DEFAULTING",AND LAW SUITS ........
THEN..... MAYBE -JUST MAYBE ......MVEE SHAREHOLDERS HAVE A SHOT.

REGARDS

ipso
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