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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.00430+79.2%Dec 17 1:29 PM EST
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To: Moonglow who wrote (2369)6/20/1998 5:53:00 PM
From: Mr. Forthright  Read Replies (1) of 11684
 
It is amazing how gullible some people are, and how little knowledge of business they have:

<<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.>>

<<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.>>

1) If these guys had assets that were really worth $200 million why would they need to go public through a small BB shell? They could have raised money privately.

2) If the asset are worth $200 million and the company needs to raise let's say $50 million of equity to put these assets into production they would have to issue today 100 million shares which means the main shareholders would own 50 million shares on a total of 170 million or 29%. Not the sign of a great deal for them. If the company was private and had a valuation of $200 million and they raised $50 million they would still own 80% of the company.

3) People don't trade assets worth $200 million for $4 million worth of BB stock with the expectation that the stock will go up to $5.00 so they start making money on their investment.

4) What does salary have to do with being public?
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