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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: LegalBeast who wrote (5149)	3/14/2000 1:39:00 PM
From: Walter Morton	Respond to of 5541

This is the only thing I could find on SI that mentions Rubenstein Investor relations and MVEE Message 11044577 When was the news released? I guess I could find that on pennyPI.com. They have all the old news releases.

To: LegalBeast who wrote (5149)	3/17/2000 3:57:00 AM
From: Walter Morton	Respond to of 5541

<<will be an off balance sheet fully financed movie.>> Message 13221248 Can somebody help me with this statement. One way of financing is that you borrow some money and pay it back with interest. The money borrowed would be a debt and would appear in the liabilities section of the balance sheet. The interest and principle payments due would appear in the liabilities section ON the balance sheet. Another way of financing involves borrowing money in exchange for stock. In this case there would be an increase in the number of shares outstanding or if new preferred stock was issued it would be listed in the equity section of ON the balance sheet. I didn't mention cash, which is ON the balance sheet because I am guessing that MVEE does not receive any money until after the Finance company makes a profit on the financing that it is providing to MVEE. If cash is not received by MVEE, but instead MVEE gets a line of credit to spend $20 on this movie, why would the obligation to pay for items purchased not appear as a debt ON the balance sheet. Obviously I have never worked in the movie industry. So, the only thing that I can guess is that the company financing the movie owns the movie but hires MVEE & Firestorm Pictures ("experts") to make the movie and facilitate distribution. Once the Finance company makes its required profit, it turns over the movie to MVEE and Firestorm as payment for their services. At this point the movie becomes an asset to MVEE and or Firestorm and can now appear ON the balance sheet. Any cash flows generated thereafter, from the movie, would also be reflected ON the balance sheet. So, what do you think of my guess as to how off balance sheet financing works in the movie industry? Does anybody care to share a more correct explanation? If I find one I will post it just to clear up any confusion that I may have caused.