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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.00240-48.9%Nov 3 10:00 AM EST

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To: Janice Shell who wrote (914)6/14/1998 11:11:00 AM
From: ColleenB  Read Replies (2) of 11684
 
>>How are a group of oilmen able to acquire several thousand acres of property in such a short period of time? >> I do not understand why you ask this question....in any press release I've read, there has never been any mention of time frame. Press releases do not account for time spent in negotiations....only the end result.

It would be reasonable to assume that at the time of acquition of MTEI by ICVI (May 21 press release), MTEI already had been in negotiations of acquiring the 8,000 acreas of property in WVA (to add to their property in the area)(see May 28 press release), hence the press release on June 8th.

I hope this has helped you out.

colleen
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