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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: bottomfish who wrote (4349)	8/23/1999 4:27:00 PM
From: LegalBeast	Read Replies (2) \| Respond to of 5541

Big difference between assets and equity. Assets are all the pieces of something we own, be it bricks and mortar, furniture, films in the can, rights to property (rights to produce a particular movie), etc. Equity is what is left of the assets after you pay everyone else that also owns a piece of these pies. Equity is the number you are after, because that is the actual value of what we own. A common example is your house. you have an asset worth, say, $200,000. You owe the bank $150,000. Your equity is only $50,000. So, as applied to this company, if we want to know the true value of a share, we take all of the assets and subtract all of the liabilities. Then we divide by the number of shares. And, to be brutally honest, no one knows what that number is. Supposedly we are to have copies of the financial statements along with the proxies, but till we have them, it is pure speculation and nothing more.