MTEI - Mountain Energy - No BASHING Allowed Message Board

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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: EubieV who wrote (3404)	6/24/1998 6:14:00 PM
From: Janice Shell	Read Replies (2) of 11684

MTEI is constantly keeping in mind the need to build a very strong property asset base prior to the beginning of the development and production of the selected properties. I take it that by "development and production" they mean "exploitation". But I don't quite follow the argument. Anyone more familiar with practices in this sector care to help? To my untutored mind, it'd make more sense to buy some properties--in one place, close together--and begin operations. Then, with the revenues derived, to buy yet more properties, and so on... Why not pay as you go? Where's the money for this "property asset base" coming from? Once again: today's press release, while clearing up a number of issues, doesn't address a fundamental question: is MTEI planning to acquire property and lease it, or to acquire property and exploit it?

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