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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: Walter Morton who wrote (1544)	11/2/1998 10:36:00 PM
From: M.R. Davis	Respond to of 5541

Responding to some doubts about the abilities of Golan & Globus while at Cannon Pictures (several of W.Morton's posts on the Facts thread). Firstly the Cannon Group was remarkably successful - however it was when G&G moved out of low budget movies and into higher budget movies that they ran into trouble. Post #17 on the FACTS thread is the analyst's report on MVEE - it covers a very brief history of Cannon.... [although Mr Morton has been subtly casting doubt upon Alexander,Westcott - I think we can assume that the information posted with regard to Cannon is correct] At IMDB you can find out more: us.imdb.com us.imdb.com us.imdb.com Probably not complete and some of these searches overlap too. Golan-Globus have made or rather produced some very good movies "Year Movie Award / Nomination 1985 Runaway Train Oscar 3 Nominations Golden Globe: Won I Golden Globe: 2 Nominations 1986 Lovestreams Winner. Golden Bear. Berlin Film Festival 1986 Otello Oscar I Nomination 1997 The Assault Oscar;- Winner Best Foreign Film and Golden Globe 1987 Street Smart Oscar. I Nomination Golden Globe- I Nomination 1988 A Cry in the Dark Oscar I Nomination Golden Globe: I Nomination Cannes Film Festival: Won I (source- Academy of Motion Picture Arts and Sciences)" And also many truly appalling movies too..... And.... more anecdotally When I mentioned to a friend who used to be actress and is really into the movie business that Golan&Globus were back she said: "Wow! Those guys just have the golden touch...." She was going to call her broker in the morning.

To: Walter Morton who wrote (1544)	11/2/1998 10:43:00 PM
From: M.R. Davis	Read Replies (1) \| Respond to of 5541

With regard to the events at Cannon - this short excerpt from THR should give you an idea: "Israeli cousins Golan and Globus came to America in the late 1970s and shortly thereafter acquired Cannon, then a small public company. During the first half of the 1980s, the cousins turned Cannon into the largest, loudest, most prolific independent distributor in the world, creating the model for the modern specialized film company. Their mix of exploitation and art films included the "Death Wish" series, "Enter the Ninja," "Revenge of the Ninja," "Bloodsport," "Breakin'," "Salsa," Robert Altman's "Fool for Love," Franco Zeffirelli's "Otello," "Runaway Train," "Maria's Lovers," "Over the Top," "Cobra" and "Delta Force." Cannon's rise was tied closely to the growing presence of Credit Lyonnais bank as a primary financier of the independent film industry. When Cannon got into a cash crunch in about 1986, the bank encouraged Golan and Globus to find new investors. That's when Parretti and Florio Fiorini, a pair of fast-talking Italian businessmen who later described themselves as corporate "asset strippers," entered their lives. Parretti and Fiorini convinced Credit Lyonnais to lend them millions of dollars with which to take control of Cannon. Parretti promised to build a major new entertainment company, and Globus bought into his vision. Golan did not, leading to a major falling-out between the cousins. Golan left Cannon in about 1989 and revived a small film company, 21st Century Pictures, as part of his settlement. He did not speak to Globus for more than five years, and 21st Century later went bankrupt and was overtaken by Credit Lyonnais. Parretti, with Globus as a close associate, took over MGM, mostly with Credit Lyonnais' money. The takeover was a disaster, however, and within a year, the bank took back MGM, which it sold last year. There was a spate of lawsuits, billions in writedowns by the scandal-ridden bank and criminal charges against Parretti, who is now a fugitive from U.S. justice living in Italy. Since leaving MGM, Golan has been based in Israel, where his Globus Group owns a significant distribution company, Noah Films, that handles Paramount, MGM, Universal and Warner Bros. films. Noah also owns the largest film studio in Israel -- which Golan said will be used for production of some Miracle films -- as well as other assets. Golan said he has only pity now for Parretti, whom he calls "a stock manipulator." He said he believes that if Parretti had not come along, Cannon "would have lasted, and today it would be as big as anybody in Hollywood." [Apologies to THF for this] As you can - it was quite a messy business