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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 (540)	7/4/1998 12:43:00 PM
From: Stephen Goldfarb	Respond to of 5541

That .20 to $46 is very seductive. But it's a big leap to make. It might be useful if someone knew the circumstances of the previous production company, Cannon. One question is how the other company was capitalized. Was there a comparable number of shares at the outset (90million ), for example? With MVEE, primary financing is done by joint venturing. The previous company financed, as I recall, by loans. MVEE is staying with low/medium budget projects. The previous company subsequently went into highly capitalized ventures. The big capitalization ventures of the previous company may have led to speculative high share valuation. It reportedly did contribute to the company's downfall. Anyone familiar with the circumstances of Cannon, as distinguished from First Miracle, could provide useful information. Steve