The 50,000,000 or so restricted shares are owned by Jack Uselton and "other" wealthy investors. These "other" investors own various properties for reasons "other" than mineral extraction.
MTEI has/will be granted mineral rights for all the property they decide upon. The first property was announced last week, 8,000 acres.
More property will be forthcoming. It is in the best interests of the "other" investors to grant these mineral rights. Their share value will rise as these minerals are exploited.
Jack made it very clear he was only slightly aware of how the share price could be manipulated but was now and quickly becoming educated about how the BB stocks are "gamed" by individuals, organizations, (possible, but only rumored, candidates to consider, the SD, The FBN Group et all,) and now the MM's. His words, "when we get these people... we will get them sharply... won't know what hit them..."
By the way, Jack's son works for Shell Oil, (10 years) in a capacity that will provide potential successorship as time and growth require.
This info was provided to me after the close of business during a lengthy telcon yesterday with Mr. Uselton.
Hope this helps.
By the way, my suspension yesterday was for, in the words of the SI management, "personal attacks." Go figure?
Rich |
