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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: Stephen Goldfarb who wrote (541)	7/4/1998 1:32:00 PM
From: LegalBeast	Read Replies (1) \| Respond to of 5541

While what you have said is basically true, it is also misleading. When equity is issued in trade for value, there is the quid pro quo. Whether it is a billion at 1.00 or 1 at $billion, amounts to the same thing and the situation is the same. To allow the stock price to increase on the profits of the company and then, after a track record has been established, to offer fewer shares at a higher price seems to be the best plan. To do a reverse will not affect the same thing. In my experience, when the company does a reverse, the actual value of equity will drop, and therefore, that would not be the effect we want. In reality, doing a reverse is only a smoke screen and hurts the market cap, and does not help it. While it can aid in becoming listed on a major exchange, it has more pitfalls than advantages.