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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: Capitalism who wrote (516)6/26/1998 11:07:00 AM
From: Syd Deem  Respond to of 5541
 
OK - thanks - from your post -

"Persuant to the outside financing agreement, Magic Entertainment will receive 20% distribution fee ad infinitum until investors recoup 110% of their investment, after which Magic will retain, in addition to its 20% distribution fee, 65% of all revenues. What we find so attractive about the off-balance sheet financing is that Magic will not be responsible for the amortization of the cost of its films since copyright and negatives remain the property of the investment partnership vehicle, while Magic retains the exclusive right to distribute and license the productions."

Now I see the value of the stock.



To: Capitalism who wrote (516)6/26/1998 1:33:00 PM
From: zookeeper  Read Replies (2) | Respond to of 5541
 
I understand that G&G brought their large library of past films with them into the company as part of the deal of their taking over the company when it was NAFT. Do you know the value of that library and what kind of annual revenues might be generated from it?


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