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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: Mark McNew who wrote (4607)	9/29/1999 10:57:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 5541

<No convertible debentures!> That should make most MVEE shareholder feel better. However, does that mean that EINI does not have any Reg. S also or will shareholders be surprised later? TC mentioned that additional shares have been issued but at a price higher than the market price. Further, he assured shareholders that those additional shares are not trading on the market. Hmmm...

To: Mark McNew who wrote (4607)	9/29/1999 11:05:00 PM
From: Walter Morton	Read Replies (2) \| Respond to of 5541

475,000,000 SHARES OUTSTANDING? <<Market cap is between 8 and 11 million currently... These are 1st Miracle only and do not include EINI.>> Well, if I divide $9.5 million (market cap.) by $.02 (market price) that works out to 475,000,000 SHARES OUTSTANDING.

To: Mark McNew who wrote (4607)	9/29/1999 11:59:00 PM
From: Walter Morton	Respond to of 5541

MVEE has everything except the stock price to become NASDAQ listed? What are those requirements? Well, I copied this from another thread: 1. Net tangible assets of $4 million or Market capitalization of $50 million or Net income of $750,000 (latest year or 2 of last 3 years) 2. Public float of 1 million shares 3. Market value of public float of $5 million 4. Minimum bid price of $4/share 5. At least 3 market makers 6. At least 300 round lot shareholders 7. Operating history of at least 1 year 8. Corporate governance requirements (SEC reporting, 2 independent directors, audit committee, shareholder meetings) It does not matter whether the firm is applying for the first time or for a relisting. The criteria are the same in both cases. On the share price issue, the criteria is a sustained price above $4.00 for a period of 30 to 60 days and throughout the examination period. The company, upon satisfying the share price level for 30 to 60 days, may then apply for listing and NASDAQ takes two to three months to make a decision following application. Therefore, the earliest MVEE could achieve NASDAQ status would be about three months after it first crossed the $4.00 price level. More realistically, it would be five months after first crossing $4.00/share. Having achieved NASDAQ status, maintenance of that listing does not require that the stock remain above $4.00/share. The stock merely has to maintain a minimum price of $1.00, so even a temporary severe price weakness would not put the listing in jeopardy. JimC1997