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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (1638)	4/30/1998 8:34:00 AM
From: pitchlyn	Read Replies (1) \| Respond to of 3046

Actually, Tonto, I know very little about MDCE and only posted because it was requested. Also hoping for feedback so that I could learn more. I'm certainly not "hyping" although MDCE is a very interesting prospect.

To: tonto who wrote (1638)	4/30/1998 12:19:00 PM
From: campe	Read Replies (1) \| Respond to of 3046

tonto, you asked about the size of the gravel pit and whether it had an on-site concrete factory (or something like that). Did the UD newsletter answer those questions? Looks like 33 acres with a Transit Mix Co. Also, they provided enough info to chase down the the name, owners, and previous management of this pit through the bankruptcy court and Judge Conrad. Enough hints to get us started on the right track... According to our source from New York, MDCE is acquiring a Sand and Gravel Pit plus a Transit Mix Company, both located in West Hampton, New York. The pit consists of 1.7 million cubic yards on 33 acres. The businesses combined have 15 million dollars assets (add stock equity at $0.68/share), including real estate. These projects represent approximately $5 million in annual revenues and $450 million dollars in lifetime revenues. This revenues will add another EPS $0.05/share in 1998. The acquisition was made through the U.S. Bankruptcy Court, Eastern District of New York, before Judge Conrad. MDCE has filed a reorganization plan reflecting MDCE as the sole owner. There will be a confirmation hearing on June 6, 1998. MDCE will take control of the facility immediately and is in negotiations with a management company to handle the day to day operations. Purchase price is 250,000 restricted shares of MDCE stock plus $150,000 in cash. Again the management team shows us to have a unique talent for grabbing some valuable properties at an incredible price even the stock is worth $10 by year of 2000 (250,000 x $5.00/share = $1.25M). Basically, these properties are worth 12 times what MDCE has paid. In the other hand, the owner of the Sand and Gravel Pit and its management may know something that we don't know about how much MDCE will be appreciated by the year of 2000. And the gravel pit is only one of their income streams...