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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004300.0%Jan 8 9:30 AM EST
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To: LT who wrote (8096)8/11/1998 12:44:00 PM
From: jhild  Read Replies (1) of 11684
 
Surely SEXI is not at all the same, but Out right fraud, hardly comparable to a squabble over "estimated" land values as we appear to have here, with MTEI.

If the management here knows or should have known that the value of the properties that they have are not as stated in the release then I would disagree with your assessment of there not having been out right fraud. What if it turns out that they only were purchased for a couple of million or less in 1994? What if it turns out that there is only 150M in minerals there but it will cost 200M to extract it. What will you say then?

I would offer the definition of fraud at this point. Whether or not it is the basis of legal fraud, I will leave to others.

Main Entry: fraud
Pronunciation: 'frod
Function: noun
Etymology: Middle English fraude, from Middle French, from Latin fraud-, fraus
Date: 14th century
1 a : DECEIT, TRICKERY; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right b : an act of deceiving or misrepresenting : TRICK
2 a : a person who is not what he or she pretends to be : IMPOSTOR; also : one who defrauds : CHEAT b : one that is not what it seems or is represented to be
synonym see DECEPTION, IMPOSTURE

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