To: jhild who wrote (4144 ) 8/11/1999 11:53:00 PM From: LegalBeast Respond to of 5541
Just to clear the air for those who tire of your pointless babble trying to keep from addressing the issues, here is a copy of the attempt I made to discuss the issue with you. Like I said, I must have been nuts to think you would even consider discussing both sides of anything. Please note that even though this message is addressed to you, it is not intended for you alone, but is an invitation to anyone who wants to discuss the issues. Obviously, based on your performance today, that is not you.techstocks.com Jhild, I am glad that you brought up the ECOI deal so that it can be discussed openly. In all fairness, before we damn EINI and run from the possibility of the merger, lets look at a wholistic picture of what seems to have happened back then. From the PRs that were released and the chat on the thread at that time, it really appears that what was happening was a company that was in the "Gold reserve" business wanted to break into the entertainment business. Mind also that none of the gold was anywhere other than still in the ground. (Does that remind you of MTEI?) Anyway, they could not come up with the front money required by the deal and so the whole deal was trashed. Since then, our gold reserve/wanna be entertainment company has gone after an acrobatic troup and finally ended up changing their name and now they sell magnesium bicycle frames direct to the end users. I wonder why they don't use distribution networks and place them in the stores????? Irrelevant at best, but for sure, their reverse split happened well after dropping out of the merger with EINI. This now begs the question of just how relevant that is to the present merger. One school of thought is that they will do the same thing and back out of this deal leaving MVEE to do a RS to stay afloat. The problem with that train of thought is that it appears that MVEE is the cash cow in this deal and will be the source of major income. Some have said that MVEE by itself could see 1.00-3.00 within a year. If that is true, then MVEE might well be better off without EINI. Another school of thought says that both companies together make a whole that is greater than the sum of its parts. If that is true, then the combined company may be worth 12-20 in a year or so. The problem at this point is like so many BB companies where we really don't know since we don't have the financial reports in front of us. And, to top off the deal, lets not forget the involvement of our own Tony Cataldo in both companies. Makes me wonder about fiduciary responsibilities and conflicts, but time will tell if the deal is good or bad. One thing for sure is that between Cataldo and Hadid, if it turns out to be a scam deal, we have two very deep pockets to go after. Knowing how easy it would be to pierce the corporate veil, I really don't think thay would risk it, but who knows. Time will tell I guess. I do feel for the ECOI shareholders, but appearances are that they were being taken to the cleaners all along. It does however, look like the fault was on the side of ECOI, and not EINI, unless you have some other information not already considered.