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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: Alberto B. Plata who wrote (2114)	1/29/1999 9:53:00 AM
From: Micropicker	Read Replies (1) \| Respond to of 5541

Tight cash is not a problem. You must realize that tight cash is not a problem for buying back shares. (I'm not crazy) What is a problem is that Speedway Junky is not sold (yet). Once Speedway gets sold, then the cash will be there. Remember, at these prices, the entire market cap of MVEE is less than $6 million. To grab 25 million shares would only take $1.5 million. We all hope that Speedway brings in a lot more than that. The problem is where and how to buy the 25 million. You can't just go to a MM and ask to buy them--they don't have that many. My hope is that they can get some from the open market, but most from the jumbo shareholders who hold millions of shares. It is likely these shareholders (who may have a cash basis of 1-2 cents) are the ones selling now. Take them out, the selling stops, and the price goes up. It's a stretch to believe in the rumor, but it is not implausible either. And it's nice to see a 200,000 share block go at the ask this morning too.