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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 (2198)	2/5/1999 11:49:00 AM
From: Suzanne Newsome	Read Replies (4) \| Respond to of 5541

Alberto, objectivity you requested? I just spoke to Clint Cantwell at Rubenstein Investors in New York [(212)-843 8051]. A summary of our conversation follows. Outstanding shares are just under 97 million. This number comes from the SEC filing which is being prepared now. MVEE will be fully reporting in the next couple of weeks, which Mr. Cantwell termed "a big step for a bulletin board stock." He stated he is not aware of any additional dilution planned for the future. The float is 80 million shares. I challenged him on this figure saying that we understood Golan and Globus each held 20 million shares apiece with another 20 million shares held by various insiders. Mr. Cantwell said the 80 million float figure came from Peter Benz yesterday. As to the alleged "dumping" of the stock, Mr. Cantwell said it was his understanding that Alexander Westcott closed its retail branches last month. Their people, who own a "sizeable" amount of the stock, went to various new firms and are selling into the market. I asked how much more selling was coming, and he said he had no way of knowing that. He said next week was going to be a busy week for the company. I asked whether there would be a "U.S." sale of rights to "Speedway" and a "worldwide" sale. He said there may be more deals made than just 2 for "Speedway". (The implication was that the planet will not be divided into just 2 entities.) The company anticipates a major sale by the end of the month. As for the general outlook, Mr. Cantwell said the company was "heading in the right direction." He knows of 1 or 2 other deals in the pipeline which are near announcement. He would buy the stock "if he could" (he didn't elaborate on that statement). Mr. Cantwell was open, direct, and friendly. Regards, Suzanne