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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.003600.0%Jan 13 3:48 PM EST
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To: eric deaver who wrote (7918)8/6/1998 12:14:00 PM
From: Janice Shell  Read Replies (1) of 11684
 
Oh, while were talking, GRRRRAAAAAYYYSSSTTTTOOONNNEEEE, kev dug this nugget
out of PETD 10-Q:

"The Company has a bank credit agreement with First National Bank of Chicago, which
provides a borrowing base of $10.0 million, subject to
adequate oil and natural gas reserves."

Now how about that - and you know what kev went on to observe that MTEI's bank will likely
need proved assets to provide financing (if it is required - notice the word IF). Damn that
worthless coal, oil, gas and CBM may benefit this company without ever having to come out
of the ground. Kind of ironic isn't it?

I fail to see the relevance of PETD's financing arrangements to MTEI's situation. MTEI has in fact never announced any extant line of credit.

If you wish to learn more about the company's recent attempts to secure financing, ask "blueHorse".
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