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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Stephen Goldfarb who wrote (4098)	8/10/1999 10:31:00 AM
From: Leroyt	Respond to of 5541

Steve, Since the 1998 annual report, Hadid has taken over EINI but providing a large LOC and getting a controlling interest in shares from what I can tell. There must be 22 million shares of EINI in float. Which then means he'll get a 25% stake in the combined company. Can't say if that's reasonable. On the surface, it sure doesn't look fair to MVEE shareholders. I'd guess the EINI price will just adapt to MVEE levels after the merger but MVEE has a MUCH more developed business. Nevertheless, Hadid has $$ and there's strong retail support for internet related businesses. AND, apparently MVEE can save $$ on casting by owning Castnet. We'll have to see the details as they unfold. Financials are supposed to be out by the end of the month. later, leroyt