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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: Walter Morton who wrote (4662)10/10/1999 9:14:00 AM
From: Tim Davies  Read Replies (1) | Respond to of 5541
 
i leased a house in newport beach in 1995 for 2500 per month, was on a golf course and 2 blocks fromthe sea, gated comunity etc.. so for 4k i think it must be a nice house.
it was cheaper for me to do that , rather than live in hotels when i comuted from calgary to la for work.. so the 4k might be saveing us money if people are coming to town often..
tim



To: Walter Morton who wrote (4662)10/10/1999 12:00:00 PM
From: Telemarker  Read Replies (2) | Respond to of 5541
 
Hi Walter. Without getting into details, my impression was that the financials were long on how the hoards of leaches were compensated, and short on what they did to deserve it. Suggestions of structural conflicts of interests on a going forward basis were ugly too. Without looking back, I got the impression that the $4000/mo was for use of someone's home office. Hard to imagine that those insiders who were issued stock still hold. Some party they had, huh?

These type of audited financial are those of the company. Is this the best that they could make them look?

The most important question in my mind is: Why did the company volunteer this ugly information to the public at this point? Your manipulation point may loom large here.

Finally, I don't see the fact that they are seeking valuations of the EINI and MVEE businesses as good news. Sure, I'm totally cynical by now, but I'm expecting some type of out of this world internet-type valuation for EINI based upon the comparisons to other public internet-based business models. More bad news for MVEE shareholders, with what value is left of our company, we get to purchase some internet hype at an inflated price. Surely, management won't stop now.

Anyone know of a good law firm to take a look at this? We have at least one deep pocket here.

Never again.