You've done a great job in putting us all on jhild.
Everyone will be very interested in just how good you are.
Where in Canada is your broker?
Below you will find jhild's comprehensive posting regarding Mr. J Christensen.
I am impressed with the amount of DD and detail that Mr. Jhild brings to bear on the subject. All this effort with a stock he does not own, nor does he/she/whatever intend to own. Just maybe gonna "borrow" a few shares in canada.
Further, for the sake of illustration, you must understand the FBN gang counts on you and I, the typical investor, not, NOT to do complete DD. Unfortunately this is true all too often. Here is a case in point.
Re-read his post. It builds a strong case that J Christensen is of questionable merit with regards to his intentions about building a company or selling undervalued stock at high prices. It does a wonderful job.
At the end of the piece it concludes with the piece de resistance, if you will, with the final tie in of J Christensen to the new Mountain Energy. Does it with such finality and with a link to the Nevada Corporation database.
Now, let me ask you all how many of us really went the distance and checked the link to VERIFY jhild's stated data? I personally forget if I did or not.
So just for the record go and re-read, AND check with the link to the State of Nevada. See if you get the info jhild prints on his/her/whatever's post?
Rather then re-read maybe you'll just go directly to the bottom to check.
To: Citidude (570 )
From: jhild
Friday, Jun 12 1998 2:23PM ET
Reply # of 1129
Well this is quite a story here for the corporate history book of MTEI.I thought that I
would help fill out the record on this company with a little bit of my own DD on this
company.
It seems to have been incorporated in August, 1987, in Nevada. Apparently they went
public in 1994. Looking back through the record we seem to see a company called
Summary Corp (SMRY) that somehow became Lumanet (LUMA).
(#reply-2010141) Then later RICI and then ICVI and now MTEI
Picking up the trail in 1997, at this time Luma owned a stake in Azteq an internet
computer distributor. (Azteq Direct, is an Internet Superstore that offers over
40,000 products and is the largest mail order source of computer hardware and
software products on the Internet. (reply-876468))
We also find Luma announcing a deal to sell screwdrivers over the internet via an
electronic commerce site named Mallscapes.com (#reply-723566). A few days later
we find a report of a Spanish Language version of this site announced: "El Mall de Las
Palmas." (#reply-771228)
#reply-1467415 - Big news rumored here about a new acquisition that will get them
Nasdaq listed.
On 6/2/97 there is a Business wire release about getting :As a shareholder on record
as of March 17th you will receive 1 share of INET for each 120 shares of LUMA
you own (#reply-1517918) INET is evidently to be an IPO starting at $3-$4.
On 6/7/98 LUMANET has a new President!!!
LUMA added Don Goree as president and a member of the Board of Directors.
Prior to LUMA, Mr. Goree was Managing Director of Compass Rose Merchant
Bank, Ltd. (an international merchant and investment banking company) Mr.
Goree specialties include: mergers and acquisitions as well as import/export
finance (i.e. spanish mallscapes posibilities????) (#reply-1543697)
I believe John Christiansen will stay on as CEO and Chairman of the Board. It
sounds like to me LUMA is trying to build a technology conglomerate
corporation, i.e. internet commerce with mallscapes.com....technology
manufacturing with Dostex Int'l....inport/export with future Spanish version of
mallscapes.com. (#reply-1544569)
HOUSTON--(BUSINESS WIRE)--June 19, 1997--LumaNet Corp. (OTC:BB - news)
Thursday announced it has signed a letter of intent to acquire 100 percent of
Riviera International Casinos Inc. (''RICI'') in a stock swap.
RICI has obtained the exclusive berthing rights and all required permits to
operate a casino cruise vessel at the Riviera Beach Marina in Palm Beach County,
Fla. This will be the only gaming vessel operation in the Palm Beach area. RICI
has equipped a 150 ft. luxury casino vessel which is scheduled to begin operations
in early August.
Luma's Chairman John Christensen, stated, ''RICI's projected $2 million of gross
cash flow per month and its location in Palm Beach compliments Luma's growth
strategy of acquiring assets or companies with strong cash flow and aggressive
growth potential.'' (#reply-1622378)
From another press release apparently released June 19, 1997: As part of the deal,
LumaNet said it will execute a one-for-10 reverse stock split ''sometime next
week,'' LumaNet's chairman John Christensen said.
He added LumaNet will have 10 million shares outstanding in the new structure;
6.5 million held by Rivera, and 2.5 million by existing and 1 million by new
stockholders. The company now has about 25 million shares outstanding.
(#reply-1627887)
On June 24th we have the press release about the new President: Prior to joining
Luma, Goree was managing director of Compass Rose Merchant Bank Ltd., an
international merchant and investment banking company. Goree was responsible
for institutional securities management, mergers and acquisitions as well as
import/export finance. Prior to that he served as senior vice president of Central
National Bank in Miami, Fla. and a director of Central Bankcorp, a South Florida
five bank holding company. (#reply-1647544)
Finally the deal with RICI closes July 23: HOUSTON--(BUSINESS WIRE)--July 23,
1997--LumaNet Corp. today (OTCBB:LUMA - news) announced it has acquired
100 percent of the stock of Riviera International Casinos Inc. (''RICI'') in a stock
swap. RICI has obtained the berthing rights and all required permits to operate a
150 ft. luxury casino cruise vessel at the Riviera Beach Marina in Palm Beach
County, Fla.
LumaNet's Chairman John Christensen states, ''RICI's projected $2M of gross
cash flow per month and its location in Palm Beach compliments LumaNet's
growth strategy of acquiring assets or companies with strong cash flow and
aggressive growth potential.'' RICI will become the surviving entity with the
intention of expanding into the international gaming business. (#reply-1820879)
Then there is the StockReport news item:
geocities.com
Oh, and here on Aug 12, the deal with INET falls through. No stock dividend it seems.
The INET deal... didn't go thru, laywers couldn't work out a deal. I asked if
shareholders can get dividends in LUMAs stock, got a feeling its not as essential
as stock itself. My estimation was 15% increase (120 shares LUMA for 1 share of
INET @$3/share) at time. However, its not important. Casino business is way
more than all other things. I know the deep pockets behind it. (#reply-1951268)
The name of the cruise ship is The Stardancer. Alas, it is only leased.
(#reply-1955404)
Oh my and then an update:Here are the current RICI office bearers:
Chairman: John Christensen
President: Richard Garreffa
Vice President: John Christensen
Chief Financial Officer: Rick Munson
Don Goree has left.
Other Questions:
Inet Dividend: They are in possesion of the Inet Share certificates. But the Inet
IPO did not materialize in full and is not trading. Shares are worthless for all
practical purposes.
Dostex: Fell through. Final paperwork was not signed.
Mallscapes: Fell through. They still have some or all of the computer equipment in
storage. I suggested they consider online gaming at some time in the future.
Boat: Cruises to be launched on September 22. Currently being outfitted and
prepared. One more boat also in the works. (#reply-2078485) Things just haven't
seemed to work out very well with these guys.
And now these points are all certain not because here comes more info:
Some Points to clear up . . .
Through a good friend, I would like to clear up some info on a few of my last
posts
The individual's as the CFO is Rick Mason. He is not from the east coast.
The gambling ship is scheduled to sail September 14, 1997 in the evening.
The DOSTEX deal did not fall through and Goree is not gone. Goree is not part of
thecasino operation but still is deeply involved in the so called LUMA
Manufacturing Group which DOSTEX is a part.
All investors need to ask questions and demand answers to this issue. (DOSTEX)
John C. needs to and must close the circle on this soon. I urge each investor fax
John C. on this issue so he realizes the number of investors that are aware of it
and will not let it slip away.
INet is still viable. (#reply-2087951)
Here we have an actual sighting and eyewitneess visit to the boat. Complete with seeing
a cigarette butt on board. (#reply-2179237)
First it was bad weather, then a report, unverified that the Captain had stolen the safe
and the boat, then a faulty generator (#reply-2775966). It is always something as to
why the boat can't sail.
Oh no, and then on Nov 24th comes word that the boat "StarDancer has been sold.
(#reply-2805293) Even though an earlier account mentioned that it was leased.
It seems that the company then changed it's name to ICVI. In part it seems because,
can you believe it, there was another company in Nevada with a similar name. Duh, not
the Riviera Hotel and Casino?
International Casino Cruises Inc. Announces the Sale of a Subsidiary
BusinessWire, Tuesday, December 16, 1997 at 15:04
HOUSTON--(BUSINESS WIRE)--Dec. 16, 1997--International Casino Cruises
Inc. (OTCBB:ICVI) has sold a subsidiary previously known as Riviera
International Casinos, Inc., a Florida corporation, for cash, stock and other
liquid investments. After the sale, the Company will continue to own an
interest in the casino operation located at the Riviera Beach Marina, and the
Company will retire 8,660,558 common shares leaving approximately half the
number of shares outstanding as before the transaction.
Additionally, the Company is in the process of preparing the paperwork to
become fully reporting.
Learn more by contacting International Casino Cruises at 1701 Brun, Suite 100,
Houston, Texas 77019. Tel-713/520-6416 Fax-713/520-6512.
CONTACT: International Casino Cruises Inc., Houston Joe Gort, 800/716-5147
So some things remain the same though - John Christensen and Joe Gort seem
to be fixtures.
Now comes another jog in the path: ICVI gets into convenience stores:
International Casino Cruises, Inc. "ICCI" Announces the Formation of New
Subsidiary and Acquisition
HOUSTON--(BUSINESS WIRE)--Feb. 18, 1998--International Casino Cruises,
Inc. (OTCBB: ICVI) has formed a new subsidiary,"Convenience Concepts, Inc."
("CCI"), to develop and acquire convenience stores in Texas and Florida. CCI
signed an agreement today to acquire its first store at a well traveled intersection
in Houston, Texas. CCI is currently in the final stages of negotiations to acquire
two more stores. CCI has developed a plan to acquire as many as 20 convenience
stores in 1998.
Learn more by contacting Convenience Concepts, Inc. at 1701 Brun Street, Suite
100, Houston, Texas 77019. Tel. 713/520-6416 Fax 713/520-6512. CONTACT:
Convenience Concepts, Houston Joe Gort, 800/716-5147
Business Wire - February 25, 1998 11:25
HOUSTON--(BUSINESS WIRE)--Feb. 25, 1998--International Casino Cruises,
Inc.'s (OTCBB: ICVI) subsidiary, Convenience Concepts, Inc. ("CCI") has signed
an agreement to acquire two more convenience stores valued at $2,400,000.
CCI is scheduled to close a total of three stores, pending the appraisals, the third
week of March. The three stores have a combined value of $3,600,000. They have
combined projected revenue of $8,023,000 with earnings of $537,000. These
acquisitions represent the first phase of the Company's growth strategy of
aggressively expanding through developing and acquiring convenience stores.
Learn more by contacting Convenience Concepts, Inc. at 1701 Brun Street, Suite
100, Houston, Texas 77019. Tel. 713/520-6416 Fax 713/520-6512. CONTACT:
Joe Gort, 800/716-5147
--------
ICCI Hires Investment Bankers for Assistance With Acquisition Plan
Business Wire - March 10, 1998 08:58
HOUSTON--(BUSINESS WIRE)--March 10, 1998--International Casino Cruises
Inc. (OTC BB:ICVI) hired Freeport Financial Services Ltd., the international
investment banking division of Freeport Merchant Bank (Nassau) Ltd., to assist
the company in implementing its business plan and methods of enhancing
shareholder value.
Freeport has representatives in financial centers throughout the European Union
(EU) as well as Houston. The company has selected Freeport because their
representatives have many years of experience in the development of, and
acquisitions of major brand gas -- convenience stores, as well as their resources
with EU securities exchanges, brokers, market makers and "Buy and Hold"
investors.
Freeport will help the company accelerate its acquisition program of acquiring
convenience stores through its subsidiary Convenience Concepts Inc. (CCI) and
exposing ICCI shares to long-term investors.
ICCI's management said, "We are very pleased with our new relationship with
Freeport and were pleasantly surprised when they delivered the first three
Houston area convenience store acquisitions within the first week of their
engagement. Freeport is currently negotiating for several other Houston area
acquisitions on behalf of the company. We look forward to their further assistance
with acquisitions and exploring methods together of increasing our shareholder
value."
Learn more by contacting Convenience Concepts, Inc. at 1701 Brun Street, Suite
100, Houston, Texas 77019. Tel. 713-520-6416 Fax 713-520-6512. CONTACT:
Joe Gort, 800/716-5147
Here is the URL for the CV Concepts. These releases can be found here:
cvconcept.com
And then comes the announcement about Mountain Energy.
Well doing a little research in Nevada yields:
Name: MOUNTAIN ENERGY, INC.
Type: Corporation File Number: 6557-1987 State: NEVADA
Incorporated On: August 25, 1987
Status: Current list of officers on file
Corp Type: Regular - This corporation is in good standing.
Resident Agent: CORPORATION TRUST CO. OF NEVADA (Accepted)
Address: ONE EAST FIRST STREET, RENO, NV 89501
President: JOHN CHRISTENSEN
Address: 1701 BRUN ST #100, HOUSTON, TX 77019
Secretary: W. ARTHUR LINDSAY
Address: P.O. BOX 13192 HOUSTON, TX 77019
Treasurer: JOHN CHRISTENSEN
Address: 1701 BRUN ST #100, HOUSTON, TX 77019
sos.state.nv.us
[enter "mountain energy", then submit, then view]
So it seems that still riding high in the saddle through all of these transitions is our John
Christensen - a "Jack" of all trades.
My oh my, trails running off in every direction it seems. But John Christensen and Joe
Gort have been through it all together. What a team.
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