MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00240

-48.9%

Dec 5 9:30 AM EST

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To: jhild who wrote (7838)	8/5/1998 4:56:00 PM
From: eric deaver	Read Replies (2) of 11684

<<The real effect is going to come from whether or not MTEI reserve estimates can be proved. If they cannot, then I would be willing to bet that we will have a more substantively accurate estimate to replace the initial $200M one. Now that will affect shareholder value, if it ever starts trading again.>> Jhild, Agree with you here. If you read some of those SEC Administrative Proceedings, most appear to be similar to a settlement w/ any other gov't agency (i.e., new financial statements issued, cease & desist from rule breaking, etc.). Based on this it would appear to me that IF MTEI can not substantiate the $200MM claim, they will have to issue a retraction and a more accurate estimate. Yes, this will effect shareholder value. But consider this - a more substiated estimate (while possibly not at the $200MM level) may warrant a much greater share price than the current $0.18 price. Yes, based on what has been said on this thread, this hinges on getting the MM to sign the form. Eric

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