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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 (4414)	8/24/1999 5:53:00 AM
From: Stephen Goldfarb	Read Replies (1) \| Respond to of 5541

Barton: Remember, according to the news release, that it will take 12 shares of MVEE to acquire 1 of EINI. The price of EINI has come down since the merger announcement. Also, look at the recent post by Silly Rabbit1 on the other MVEE thread. Re-reading the news release may be useful. There has been a suggestion that further unspecified dilution is "in the pipeline." Something to consider is that the merger contemplates a 50/50 split between MVEE and EINI shareholders. A question is whether it is MVEE that has substantial assets and earning power, while those of EINI are unknown and unproved. Then one wonders whether too high a proportion of MVEE assets are being given to EINI. As presently contemplated, there may be a short term gain for MVEE shareholders on the day of the merger. After that, one wonders if the business that EINI brings to the table (a planned e-commerce business for aspiring actors and the casting service functions) will contribute significantly to company earnings. Is the 50/50 split fair? Masochists might wish to review the MVEE thread on Raging Bull: ragingbull.com Steve