MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00470

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Nov 28 9:30 AM EST

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To: eric deaver who wrote (5569)	7/20/1998 8:05:00 PM
From: Little Engine	Read Replies (2) of 11684

<<<<I said did all go to Mark Tow. He said went to several property companies not all to one person or company. I said: "then no one has a controlling interest". He said: "I have a proxy on every damn one of those shares for three years - if I'm not done what I'm trying to do by then, well...">>>> Well, what? Who in their right mind would sell property like this? You and several other people pick up some "valuable" land cheap. Let's suppose you have the option of 1) selling it for cash (and a good profit) quickly; or 2) trading it for 50 million shares of a start up company, which represents the vast majority of their shares. Meanwhile, you can't sell the stock for three years, by which time it could be worthless. Even though you (and perhaps a few others in the deal) own most of the company, you won't have a vote in anything. You can't replace the management if they do a lousy job and blow your investment. Your money is tied up -- you don't have the ability to invest that money (let's say 10MM shares @ .35= $350,000) in anything else. What if you paid $400,000 for land supposedly worth millions? The company's running on your money, you have a loss so far, and you don't even have a say as to how the company is run. You may or may not see any money at all from the deal. Ever. Would any of you sell your house on these terms? Trading land for a handful of magic beans. "Jack and the Stock Swap".. coming to a business text near you. Sure, sign me up.

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