MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00360

-20.0%

Jan 26 12:07 PM EST

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To: Jetter who wrote (5473)	7/19/1998 12:55:00 PM
From: jhild	Read Replies (3) of 11684

Well, buying something for back taxes is one thing, but to then turn around and flip them into a reverse merger to securitize them is something quite a bit different. It also castes serious doubt in my mind as to the real worth of the properties, if they ended up passing title just for the back taxes. Do you feel so comfortable betting that property acquired for say a few dollars an acre will support the claimed valuations of several hundred million dollars? Surely there are good deals around, but this stretches my imagination that 62 pieces of property (or is it more?) could pass unnoticed by the energy savvy in West Virginia through tax lien transactions in the WV Auditors auctions.

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