Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: John L. who wrote (2251)	2/8/1999 3:27:00 PM
From: Chris O'Keefe	Read Replies (2) \| Respond to of 5541

All, I did a lot of thread mining over the weekend and stumbled across MVEE. When the stock dropped off to .08 last Friday, to be honest, I thought at the time that the run was over. The price has recovered (obviously) and I'm in around .102 and now thinking the run is about to begin. Man this thing looks good. Many "gems" have been uncovered in DD, not the least of which is that other movies are in the works. This does not appear to be a "one-trick pony" at all. The MVEE facts thread was very helpful. The one concern I have is the massive amount of shares outstanding. 97 million shares outstanding suggests to me that the company may have been uncaring at some point and diluted to its hearts content. But I've overcome my apprehension with the many positives that have come up during DD. It appears the company is already reporting in Canada, and has filed the paperwork for US full-reporting status. Many of the names involved in this story are recognizable, including the actors and the PR agency, William Morris. Someone posted earlier about seeing $1/share. I wonder if that is too much to ask for in the near term. That would give MVEE a $97M market cap. I don't know about that. However, the current market cap for MVEE is $9.7M (97M shares x .10/share). To me that seems too little for what is happening. I'm speculating, of course, but I would think that a $35M - $40M market cap is doable for the near term, especially if their current movie gets talked about as a $10M to $20M movie. John, regarding your question, "Is it true Warner is interested in MVEE?" I'm not the man to answer since I'm relatively new here and surely know less about the company than most, but from what I read on the facts thread, Warner and Paramount will be present at the screening, so the rumor you heard probably got born from that tidbit. Good luck folks--hard to believe this one's not going to go higher. Chris