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Microcap & Penny Stocks : DCH Technologies (DCH)

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To: Scoobah who wrote (688)2/25/1999 10:20:00 AM
From: Sid Turtlman   of 2513
 
For anyone who cares, this is the most recent 10-Q of MTEY: sec.gov

As of 9/98 it has 98,000 current assets and $219,000 in total assets, with $314,000 in current liabilities. Antaeus is mentioned nowhere, nor is there any asset that looks like a joint venture ownership of anything. That leads me to believe that, assuming Antaeus really exists, it was formed after 9/98 (unless it isn't partially owned by MTEY.)

Looking at MTEY, which survives only on officers' loans, it is hard to see how a newly formed "stategic affiliate" can be giving DCHT orders of $1,000,000 per year, as the company claimed in its press release. But it is a strange world, and anything is possible I suppose.
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