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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: bottomfish who wrote (1984)	1/3/1999 12:25:00 AM
From: M.R. Davis	Read Replies (1) \| Respond to of 5541

A company is not valued for it's assets but for it's ability to generate net revenue or profits. If a company was valued primarily on it's assets then a piece of gold could be a company. A company is an organisation which attempts to make a profit. Valuations are based on earnings - somewhat on current earnings, mostly on future earnings. If a company is trading below book value it is something to bear in mind when assessing whether to purchase - but it should not be a major deciding point for the purchase. Many book values are not realisable. Cash value is something to look at - but not if the company is losing substantial amounts each quarter. MVEE's valuation is based on expectations of future earnings.

To: bottomfish who wrote (1984)	1/3/1999 2:15:00 AM
From: Banditjrjr	Respond to of 5541

Gentlemen, Thank you very much for your responses! They have been very helpful in understand how things work! I was a bit confused only because I see so much potential in a company that makes movies, since we all know that one good movie can go a long way! (look at Titanic, of course this doesn't happen very often)! Anyhow, I was a bit concerned as to why this stock kept dropping, from $.14 to $.10 to $.065 and now to $.0575! I thought that maybe something was going on that we don't know about! But thanks to you all I think I now know what might be happening here! Let me know if you all agree with my reasoning or if it doesn't makes any sense at all to you: The Company announces good news about fundings ~four months ago and stock price flies up to $.34 on speculation of more money = make more movies. Then no more exciting news for the past four months and investors become impatient and sell off the shares, even at a loss, to find something more aggressive or hot at the time, and we, as long term shareholders, suffer! Am I close, because if I am then does that mean that all we have to do is sit and wait for some news on the two existing movies that are already made or will it take another announcement of financial fundings to get this stock going again, comments please! Thanks again for all your comments, John