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: Banditjrjr who wrote (2036)	1/15/1999 2:47:00 PM
From: Wait And See	Read Replies (1) of 5541

Not a reverse split. A reverse split is another thing. It is generally bad indicating a declining share price so serious that consolidation is required to simply maintain a price that can be listed at all or at least appear creditable. CMTR is now 2.2 cents after a 5-1 reverse split so it is disappearing from view in spite of the split. The shares authorized is how many can be issued under current conditions. I do not know there are mandatory rules to adjust that number proportionately for splits in either direction. I doubt that a company that performs a normal split suddenly exceeds its shares authorized, but rather the number is adjusted proportionate the original basis share and ratio of the split.

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