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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004300.0%Jan 8 9:30 AM EST
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To: DavidCG who wrote (2313)6/20/1998 10:28:00 AM
From: Mr. Forthright  Read Replies (2) of 11684
 
Here's how it works:

1) MTEI has 20 million shares outstanding.

2) The good ol' boys show up with their private company and decide to sell it to MTEI for 50 million shares (or $40 million since the stock was trading at around $0.80 at the time of the announcement).

3) The next day the company has 70 million shares outstanding.

4) The same next day the promoters claim the properties are worth $200 million, not the $40 million that was paid a day earlier (or was it a few hours ealier).

5) $200 million divided by 70 million shares equals, guess what? $2.85 per share. Bingo the art of creating $160 million overnight. I love America, the land of opportunities.
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