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Microcap & Penny Stocks : A Good Buy for $0.20

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To: Black Rose who wrote ()3/9/1999 10:22:00 PM
From: snoopy  Read Replies (1) of 81
 
Hi Black Rose:

Hey, I like this site. Good idea. After all, Microsoft was a "penny" stock once, right? Anyway, my pick is a company called "1st Miracle Group, Inc". Symbol is MVEE. Price is currently .06. It's a movie production company owned by the same two guys (Golan and Globus) that owned "Cannon Films" (Chuck Norris, Steven Segal, Jean Claude Van Damme, Sylvester Stallone, etc.). They took their stock from about .20 to $46 in about 4 years.

They just began in mid-1998 and have already finished their first movie. However, you will need a little patience with this one. Making movies takes a long time, so I don't think this will move a whole lot until they have a few movies under their belt. But if Golan and Globus are masters at once thing, that's pumping out the movies. Personally I wouldn't be against them. MVEE may not turn out to be another Cannon Films, but at this price, I can't see it falling much lower. Even if it only went to $10, I'd take it. I won't put any money into it until I begin to see their price go up, based on more movies under their belt, but this is a great company to at least "keep your eyes on".

Anyway, thanks, and keep up the good work! :>)
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