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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: Banditjrjr who wrote (1976)	1/2/1999 8:55:00 AM
From: Suzanne Newsome	Respond to of 5541

John, book value refers to the value that would accrete to each share after liquidating all the assets and paying off the liabilities. It's considered to be a rock bottom, conservative valuation of a company. You may have noticed there is not much "conservative" going on anywhere in the market today and certainly not in the pennies. I would agree that book value is not terribly important with MVEE, but Barton is right in pointing out how close the stock price is approaching book value. I'm not that knowledgeable about movie company accounting, but I assume the big companies finance movies out of current earnings and perhaps borrowed money. Regards, Suzanne

To: Banditjrjr who wrote (1976)	1/2/1999 10:42:00 PM
From: bottomfish	Respond to of 5541

If the company sold all of their assets minus liabilities and distributed the funds to the share holders is a calculation what the stock is worth now. However companies stock sell well above book value on the street, which gives a good indication of positive confidence for the stock. Which gives some merit to mvee. Look at USRF . Very little assets to speak of but selling $3 and some per share. Investors are buying on the future opportunities of this company.