MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00430

0.0%

Jan 8 9:30 AM EST

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To: Mr. Forthright who wrote (2321)	6/20/1998 11:45:00 AM
From: DavidCG	Read Replies (2) of 11684

Thank you Mr. Forthright. I realize you are getting a little flak (basically because there was a small hint of bias in your writing) But it makes sense now. There are 70 million shares outstanding at this moment and supposedly up to $200 million in potential property which is where the $2.85 comes from. Now another question I have for shareholders is that I see 110 million - 170 million in coal and 10 million in gas (on the opening to this message board) Where does the extra 20 million come from in making this a nice round figure of $200 million in potential assets (170 + 10 mil = 180 not 200 mil)? Also, what accounts for the discrepency between 110 million and 170 million estimted by the company in coal? 60 million dollars seems to be a lot of money to be fudging around with. Can I assume that if I put a conservative figure of 110 million in coal and 10 million in gas, this possibly might, possibly, be a $120 mil company /70 million shares = $1.71 per share? Thank you! -DavidCG

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