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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: JeffO who wrote (3357)5/17/1999 1:31:00 PM
From: Stephen Goldfarb  Read Replies (3) of 5541
 
Jeff: I have no particular problem with your response.

My assumption is that expensing certain activities, such as parties for entertainment industry guests, will happen normally as a matter of course. It would concern us all if there was a spate of improper, arbitrary or unnecessarily excessive "life style" expenses billed to the company. It's probably naive to think that, if it were occurring, anyone would reassure an investor to the contrary. Perhaps it would be nice to hear, for whatever it may be worth, that the company has a stated policy of conservative operation. I think the only recourse, should there be improprieties, would be an after-the-fact audit. Wanting assurance that everything is on the up-and-up seems understandable for a shareholder in a speculative, entertainment industry stock, but not likely to be achieved.

Steve
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