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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: Butch4327 who wrote (3018)	5/10/1999 10:10:00 PM
From: Lupins	Respond to of 5541

I was just going to post the same Luc...let's get back to MVEE and ignore the personal. I suggest we all PM those that the personal stuff should be taken to the PM side here. Let's stay focused.

To: Butch4327 who wrote (3018)	5/10/1999 10:13:00 PM
From: J T	Respond to of 5541

Consider it done! I'm going back to lurkin where I don't have to worry about this! Good luck all! JT

To: Butch4327 who wrote (3018)	5/11/1999 1:12:00 AM
From: jhild	Read Replies (1) \| Respond to of 5541

Luc, you might find this interesting from the last audited financial they filed with SEDAR in Canada. This is a note about the Golan and Globus terms. Note that the terms are effectively doubled as far as it affects MVEE since they are extended to each of BIL and SIL.: Subsequent Events 1) The Company signed an agreement with Belfair International Limited (BIL), and Seabird International Limited (SIL) under which Menahem Golan and Yoram Globus will provide services to the Company through a wholly owned subsidiary, Magic Entertainment, Inc. (Magic). This subsidiary will develop and distribute motion pictures and television programs. Under the agreement, Golan and Globus have contributed their services and certain other film properties owned by them through BIL and SIL to the Company in exchange for which each company receives the following: a) 10,000,000 shares of common stock; b) $250,000 per year draw against production costs; c) Four shares of common stock for each $1.00 of net income generated by the Magic up to a cap of 25% ownership in the Company; d) A bonus equal to 5% of the net income of Magic; e) Certain other fees dependant on the role of Golan or Globus in individual film projects. So effectively they seem to be talking about 50% ownership plus 20M shares along with the %10 net income as a bonus. That seems as though SIL/BIL (Golan & Globus) can wrest control at any time if there is ever any smash hit. Oh, not to mention the additional $500K a year plus whatever additional considerations they can get. Now that is pretty sweet for a couple of 70+ year old names in the business.