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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 (2425)2/23/1999 10:55:00 AM
From: Leroyt  Read Replies (1) of 5541
 
Suzanne,

To me the information you know makes sense. If there were 60-65 mill a few months ago then there was likely a PP to raise cash. For a company strapped for cash that often happens and it would be no surprise if they were issued for about 30% of the low market value. Just means a lot of cheap share for us to pick up.

If MVEE makes it, it'll be worth a LOT more than that.

Second, I would NOT expect MVEE to file (even if stated) until they sell a movie. If Speedway Junky sells for a decent price, then I personally would expect filing to occur shortly thereafter.

JMHO and later, leroyt
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