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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: JeffO who wrote (3401)	5/18/1999 12:30:00 AM
From: rics	Respond to of 5541

agree>> make it a point ' the part about doing something about BB status also leaves some leaway for stressing other issues as well. are they going to buy back shares? etc... I will call them in the am//

To: JeffO who wrote (3401)	5/18/1999 1:27:00 AM
From: Stephen Goldfarb	Read Replies (2) \| Respond to of 5541

Jeff: In a similar vein... Though a certain amount of critical opinion about a company is inevitable on these BB's, one might take the extent of MVEE bashing as the reciprocal of the company's responsiveness to shareholder concerns. After a year, the company also has a track record. In many respects, it does not do credit to the company. I think we've lost at least one conscientious poster on the basis of that person's perception that the company made misstatements in response to questions. The pumping up of the outstanding shares was learned about after-the-fact. Reassurances were given to me and others that there would be no further dilution, but it occurred nevertheless. In the meantime, shareholders have been kept in the dark about issues of relevant concern, leading, if not to the actual occurrence of dire consequences, then the perception that they may be just around the corner. If the company wishes to be responsible to its shareholders, it can start by issuing timely information about what is going on, and what it is, and is not, planning. One bugaboo is the prospect of a reverse split. If the company isn't, in fact, planning one, then they should say so. The failure of the initial off-balance sheet financing was never published, though the company made a point of letting us know what a beneficial technique it was when it was first conceived. How is the company dealing with its need for capital? The company has made no effort to explain the seemingly peculiar price action of its stock. How does a stock that appears to be under accumulation, go down and stay down? I think relevant questions have been raised that make investors wish to know whether the company will observe conservative financial practices. What kind of controls are in place to ensure the most cost-effective use of limited funds? And, though there are many projects in the works, there is still a question of whether there will be actual earnings? Keeping investors informed about the current status of projects is also an issue. We heard grand plans for many new projects, which seem to have disappeared off the table. This is a company which, perhaps, only wants to post positive news. All the news that fits, we print. There are responsible ways to report information in a timely fashion. I believe that if the company took a proactive approach to responding to shareholder concerns, the negative opinion would go down. I think that if the cloud of doubt and distrust about this company was lifted, then the prospect of share price accumulation would follow. Steve