MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00400

+66.7%

Nov 18 9:31 AM EST

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To: Jetter who wrote (8135)	8/11/1998 3:00:00 PM
From: jhild	Read Replies (1) of 11684

Oh, you're talking about then. This is now. The property holders only have .18 down to .05 to show for their land now. As far as valuing it for the company, it's the last price cash that the land traded. Not the shares that were traded. GAAP doesn't recognize that valuation. If they can establish that the land has net recoverable minerals, then they may be able to recognize that as an asset at stepped up prices. They may also be able to collateralize it as commercial paper on that basis as I understand they have been trying to do, without much luck.

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