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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 (1979)1/2/1999 4:25:00 PM
From: LegalBeast  Read Replies (1) | Respond to of 5541
 
Whoa, wait a min ... all of this talk about book value is nice in that it is basically right and it is also basically wrong. The value used to come up with .039/share does not take the potential value of Junky or Delta into account. Like I said in the past, once the movies are actually sold, you will see the stock price move up. That is for two reasons: One, profit is being made and the real BV may be calculated, and two, more funds will be freed up for making even more movies, and therefrom, more profits. So have some patience and just wait it out!



To: Banditjrjr who wrote (1979)1/2/1999 10:48:00 PM
From: bottomfish  Read Replies (2) | Respond to of 5541
 
Often when a stock sells several times above book value, investors will make a down ward correction in the price. But the ultimate price of stock is determine what investors see in the future potential of a company