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: Osiris who wrote (3085)	5/11/1999 12:40:00 PM
From: jhild	Read Replies (1) of 5541

Osiris, I fear that the profitability that may flow to the commonholders may be a bit elusive. If you will note MVEE has already signed away 10% of net income and $500,000 a year plus additional considerations to the two companies controlled by Golbus and Golan - Belfair International Limited (BIL) and Seabird International Limited (SIL). So effectively they seem to be talking about 50% ownership plus 20M shares along with the %10 net income as a bonus. That seems as though SIL/BIL (Golan & Globus) can wrest control at any time if there is ever any smash hit. Oh, not to mention the additional $500K a year plus whatever additional considerations they can get. Now that is pretty sweet for a couple of 70+ year old names in the business. #reply-9456227

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