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Microcap & Penny Stocks : 1st Miracle Group (MVEE) Facts Thread -- Ignore unavailable to you. Want to Upgrade?

To: Leroyt who wrote (163)	3/30/2000 8:06:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 257

MVEE auditors issue a Qualified Opinion (meaning they found something they didn't like): As discussed in Note 7 to the financial statements, the Company has become aware that it should have registered certain of its securities in accordance with Securities and Exchange Commission requirements in order to have these shares freely traded in the United State. Also, the Company has issued shares relying upon an Ontario Securities Commission exemption from prospectus requirements permitting non-Ontario residents to purchase shares of the Company without the filing of a prospectus ("Offshore Exemption"). While this exemption was available to the Company, there is no certainty that the Company complied with the exemption in all respects. The ultimate outcome of these matters cannot be determined presently. Accordingly, no provision for any liability that may result from the resolution of this issue has been made in the accompanying financial statements. In our opinion, except for the matter described above, the financial statements referred to above present fairly, in all material respects, the financial position of 1st Miracle Group, Inc. as of April 30, 1999 and 1998, and the results of its operations and its cash flows for each of the years in the two- year period in conformity with generally accepted accounting principles in the United States. The differences between United States and Canadian generally accepted accounting principles are noted in footnote 15. Berg & Co. San Francisco, CA October 5, 1999 //Berg & Company//