MTEI - Mountain Energy - Info Only Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - Info Only

MTEI 0.00240

0.0%

Oct 14 3:02 PM EDT

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To: RocketMan who wrote ()	5/25/1998 8:31:00 AM
From: RocketMan	Read Replies (1) of 52

One correction, since I ran out of edit time on the original header post. "One SI poster has been told that they will be a half billion dollar company within 5 years, and a billion dollar company within 3-5 years." The correct statement should be that the CEO hopes to grow the company to 1/2 billion within 5 years. Also a clarification on the statement tht the average price to book value in the industry is "around 1.5x, which could easily value the stock at $4.27 ($2.85 x 1.5)." This is price to book for companies with negative earnings, which Mountain Energy will be initially. Once they have positive earnings, the average price to book is over 3.

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