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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 (788)	7/29/1998 1:39:00 PM
From: Roger Bodine	Respond to of 5541

LegalBeast, I couldn't agree with you more. There are a few investors here that are in the entertainment business and they are here because they have foresight and appreciate the talent within this company. News travels fast in Hollywood, these people would be history if they thought it would not be a success. Just my opinion. I still have all my shares and look forward to payday. Roger

To: LegalBeast who wrote (788)	7/29/1998 2:21:00 PM
From: zookeeper	Respond to of 5541

Cannon's previous accounting woes are irrelevant for a very specific reason. The 4 movie deal appoints a general partner, the broker who's responsible for its clients invested money, who will handle the money and accounting outside of G&G and MVEE's control. Also, a 20% of gross buffer is included in the deal for 'deal-making' with cast, crew, and others, so they can't go overboard in that area. Basically, the company can't go into debt. Either the films will do well and both the company and the investors will profit, or they won't and the investors will lose out, with the company going back to square one. Note that they have already pre-sold some of the distribution rights, thus insuring revenue for the films before they're even made.