Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Miracle Entertainment - MVEE -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (303)	10/2/1999 3:39:00 PM
From: bottomfish	Read Replies (1) \| Respond to of 526

So if I invest $1000 into mvee stock at .017 per share divided by 12 x .49. would equal to $2400 return or 140% This 1/2 billion shares outstanding blows my mind. If they keep on issuing more shares to create capital as a major source of income the price will always stay down at penny level. This stock is now selling below book value of .05 , which is an indication the lack of confidence by investors. However,after the merger shares out standing should only be about 40 million. Then we might see book value reaching $1.00 after the merger. But it seems if they need more capital they just issue more shares. This is not a good scenario for investors.