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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 (1930)	12/9/1998 10:53:00 PM
From: rics	Respond to of 5541

insider info??.. based on the info provided take a hard look at everything the company has provided thus far // everything is straight from the information provided. check out the entertainment page in your local newspaper and pick the best movies and pick the worst movies and see how much money they made in a single week it is usually somewhere between 10 and 20 million dollars.(this is one week) Then figure ROI based on how much money the companies recieve from these figures. (MVEE has said it is going to keep the production costs low) and has. Then go back and read the plot to the Movie Delta Force One. and Speedway Junky. and look at who's starring in these films/// (these films are completed and paid for) >assets that cannot be declared for what they are truely worth.< //right now// health clubs sale has given MVEE funds to give a solid foundation to year end reports and "enhance shareholder value". are you getting the picture yet??? i truely believe that MVEE is in the process of producing some serious cash flo once current films hit the street and to file form 10 to be a fully reporting US company and according to statements from the company they are going to do that with fy98 end financials. MVEE being fully reporting US company is outstanding for shareholder value. It is a giantstep for MVEE. Because when you read the paper how much money a film makes at the box office shareholders need to know where that money is going. 1st Miracle Group wants to make this step because they know they are worth much more and want to make more films to increase shareholder value even more beyond that. - with more movies in the future, KUMETE, this one looks great!

To: Walter Morton who wrote (1930)	12/9/1998 11:19:00 PM
From: Suzanne Newsome	Read Replies (1) \| Respond to of 5541

The information rics quoted was found in Item #13 entitled "Subsequent Events" in the "Notes to the Financial Statements" section of the annual report of April 30, 1998, listed as "Audited Annual Financial Statements—English." This financial statement and others are found at SEDAR (which is apparently the Canadian version of EDGAR), the URL of which you posted in message #1926. The most recent filing, "Interim Financial Statement—English," is the quarterly report for July 31, 1998. Parenthetically, year end is April 30, so the quarters end in July, October, and January. Dollar amounts in the reports refer to Canadian dollars. One new item for 1998 under Current Assets is "Capitalized film production costs" of $2,770,526. I wonder if this was money spent to make "Speedway." I suspect this item will be amortized over the expected productive run of the film. Under Shareholders' Equity is a somewhat confusing item entitled "Common stock, unlimited shares authorized 99,040,793 and 31,119,584 shares issued and outstanding." Associated dollar amount is $16,393,041. Three months of operating expenses were $728,522. This implies an annual cash burn rate of about $2.6 million {$728,522 less $82,035 (deprec.) x 4}. This amount doesn't include any movie production costs, so this appears to be the basic cost of running the company outside of making movies. Comments welcome. Regards, Suzanne