MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00340

-27.7%

Nov 14 9:30 AM EST

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To: LT who wrote (6720)	7/29/1998 1:06:00 PM
From: Janice Shell	Read Replies (2) of 11684

Yes: WASHINGTON (Dow Jones)--The Securities and Exchange Commission suspended trading in the shares of Mountain Energy Inc. (MTEI). According to the SEC release, the suspension was imposed due to questions that have been raised as to the adequacy of publicly disseminated information concerning, among other things, the company's ownership of certain properties and the valuation of mineral assets on those properties. Mountain Energy is a Houston-based oil and gas firm. (END) DOW JONES NEWS 07-29-98 10:49 AM It would seem that the company is being investigated for fraud and material misrepresentation.

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