MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: Janice Shell who wrote (8901)	8/15/1998 2:05:00 PM
From: wonk	Read Replies (2) of 11684

So I've no idea where Jack got his figure of $2 million. I did this here #reply-4885071 but maybe a re-cap is in order. At the time the deal was announced, ICVI trades at $.05. 65 million shares times $.05 = $3.2 million market value of the merged firms. 50/75 = 77%. 77% of 3.2 = $2.5 million. If the share price used was $.04 then the number is exactly $2.0 million. For those who have lost money here, I truly sympathize. Even with nothing at stake, I found myself getting very angry last evening. I hope that people who have been burned continue to pursue this because it was (IMO) a cleverly-orchestrated and coordinated scam. I want to know the culpability, or lack of it, of Christensen, Gort, Guttman, Growth Intl, Uselton or his relatives, who was/is making a market in the stock, and who were the hypesters here on SI in on the deal. With 20,000 posts on this and the old ICVI/MTEI thread, there is quite a historical record to put a case together. ww

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