ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

0.0%

Dec 8 11:13 AM EST

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To: V$gas.Com who wrote (3322)	5/26/1998 10:31:00 PM
From: ayahuasca	Read Replies (2) of 11850

Hey Bob, As the resident man in the industry can you please shed some light on one issue that worries me. First I have over 15,000 shares here, largely because of my faith in my DGIV compadres. However I am a little shaky on this one and here's why. I dont know a thing about coal, natural gas, oil - anything like that. How do they come up with an estimation of the value of a certain deposit? Who actually measured ME's large natural gas holdings? I have heard it was done by the US Geological Survey, but someone posted this morning saying that they called The USGS and were told that they make no such valuations. So, who then placed the price tag on ME's holdings and how can it be verified? I have a friend who is an oil/gas analyst at a brokerage firm here in NYC. I asked him about ME and he hadnt heard of it. He read the press release and said great but...and he started asking me all these questions I couldnt answer. Basically, they mostly dealt with the things I am asking here, so any input in this regard would be of great comfort. TIA MJ

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