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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (2672)5/25/1998 5:59:00 PM
From: CoffeePot  Read Replies (5) | Respond to of 11850
 
o.k. heres why the ICVI/ Mnt Energy deal doesn't seem too kosher

Mountain Energy's $200,000,000 in assets accepts 50mm common shares of ICVI at Friday's close of .55 for a total of $27,500,000????? Now I know the cost of listing might be a few million but why would Mountain shareholders take a mere .14 cents on the dollar for their assets and FURTHER allow the company's equity to be diluted by ICVI's 18mm shares outstanding?????