MTCI...@.75 joining the big guys Message Board

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Microcap & Penny Stocks : MTCI...@.75 joining the big guys

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To: Gutterball who wrote (2575)	3/21/1997 1:36:00 PM
From: Stefan Habermayer	of 2834

The first time ever: MTCI is talking about Chaper 11 in a news release I was just reading the following lines and sounds not too good (as nothing sounds too much optimistic anyway after Morris): " ... Administration is a court-appointed receivership, similar to Chapter 11 proceedings in the United States, according to a spokesman for U.K.-based Management Technologies ..." What does that EXACTLY mean ? It is a kind of Chapter 11 for MTCI in the UK ? If yes - WHY ? It was told, that MTCI does not have any -current- debts - because the Reg S "helped out of it". Also the Total Current Assets of MTCI should be higher, than the Total Currenr Liabilities. At least, this was NEVER in question before ! Not even NASDAQ noticed MTCI for falling out of Listing ? So: WHY this Chapter 11 line in the public press release ? (Or just we don't know about a NASDAQ de-listing in planning or progress ?) Regards, Stefan

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