I don't presume to give advice, but I'll offer a couple of things to bear in mind.
1. The company does own land in West Virgina, with mineral reserves of undetermined value. It is possible that the stock will run up a little in anticipation of the reports from Dunn. But like many others, I feel the dismissal of Stagg was a very bad move on management's part, especially after they'd made such a big deal of hiring them in the first place. We're also pretty sure that the properties in question, or many of them, were purchased for back taxes. So if I owned the stock, given these two things, I'd be very cautious in my outlook.
2. This is a BB company. It needs money to stay in business. It needs even more money to become operational or to make further acquisitions. Where will this funding come from? What is Marc Tow's role, and who are his associates? And ask yourself what you think the chances of a reverse split might be.
3. If you decide to get in, you might try as a group to insist on some real answers from management. Ask tough questions, and not on the phone. Tell 'em you want to see it in writing. It seems to me that Uselton's been utterly irresponsible with his enthusiastic projections. It seems also that he's told more than one investor who called to buy more stock. This, if true, is a real no-no.
4. See if you can get the real low-down on the merger and on John Christensen. This is important. Find out who Dunn is and get some info from them; this business about not bothering them is BS. Who CARES if it costs MTEI a few more bucks? They've already got plenty of your money.
You remember, Tod C. keeps saying: "You don't KNOW JACK". Well, really you don't. Make him be accountable to you. Enough of this rubbish about his salty stories and how he's doing it all for his grandchildren. Get FACTS. |
