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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: Suzanne Newsome who wrote (1970)1/1/1999 1:24:00 PM
From: Stephen Goldfarb  Read Replies (1) of 5541
 
Suzanne:

From a month old copy of Investors Business Daily:

Canada Exchange Rate (11/30/98)

Foreign Currency in Dollars: .6521
Dollar in Foreign Currency: 1.5334

Book value (net tangible assets per share) is generally assets minus liabilities divided by common shares.

I doubt if book value, per se, has much meaning for this company. Such a company rises or falls on its product and prospects. The latter includes its credibility, pass-through of earnings, and ability to raise funds, as have been discussed on this BB.

Steve
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