To All:
Now wait a minute. I'm seeing notes on here questioning about the value of the company and why did they give up $200 mil for just $4 to $40 mil.
Now wait a minute. Any of you who think that don't quite understand how corporations work, I don't think. I'll give my take on this and see what everyone thinks.
Ok...first off....those $200 million of assets are IN THE GROUND. They don't buy groceries, they don't pay rent, they JUST SIT THERE.
They're no good to anyone until they are brought out and used.
Ok....so here I am with my $200 mill of assets that aren't doing anybody any good. And I want to go public.
So....I reverse merge with a public corporation and in return I receive 50 million shares worth $4 to $40 million.
But in return, I have to place those assets into the corporation.
And now the corporation owns those assets.
Ok, and now the next question is "Who Controls the Corporation?"
Well, I do. Sure I no longer am a 100% owner of those assets...I now share the ownership of the corporation with other shareholders. But you better believe that I still have majority control.
Now, what do officers of a corporation receive? Well, they receive salaries, bonuses, and benefits, for example. And they get paid a salary every year.
Plus, as the value of the shares increase, their assets(in the form of share price) also increase.
Ok...so let's say, for example that MTEI reaches $5 per share. I own 50 million of those shares. I am now worth $250 million dollars...just in my shares alone. PLUS, I am still getting that salary...each and every year.
I didn't give up anything when I placed my assets into the corporation! I didn't give up a DAMN thing! Instead, I chose a vehicle that would help those assets to grow. And with being a public corporation, I can now have the funds to take those assets out of the ground and convert them into revenues.
I hope that I made this easy to understand.
Juanita
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