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

To: Jim TenIron who wrote (5107)	5/30/1998 9:30:00 PM
From: Jim B	Read Replies (2) \| Respond to of 11850

Yep, Jack CEO of MEI didn't want to do an IPO.. would take too long and would cost money as well. Jack Uselton wanted to get going asap. He's moving very quickly to completing the final touches on the formation of MEI ... we should see the name change take place very soon along with the new press releases having MEI's address/phone number listed on them. Alot of the people that Jack brought with him into MEI he has known for awhile and they are all apparently very adept in their market. Jack has been buying up lots of property/land... especially from bargain base deals in which those who owned the land could no longer afford to pay for it.. so the prices he got in taking the land over were very good. I'm hopeful to have the cash on hand statistics soon from MEI.. and to get an answer as to who had ownership of the assets and the land BEFORE MEI was formed... was it Jack.. was it his former gas/oil company... I'll post soon as I get the answers to it.. Apparently there are dozens (maybe 100+) people that will be working for MEI as it is a VERY large operation.. this isn't a 4 man garage shop deal.. this is a REAL company with some very large assets and very large possibilities.. as we'll soon see over the next few weeks.. just be patient with MEI as they have alot going on right now... there may be delays with this or that.. but let's all keep focused on the DD at hand.. and anyone who doubts should go back and read the most recent press release... sometimes this thread gets off topic.. and 400 posts go by and no one even mentions any DD for the new people... I realize they can read the other MEI thread... but this is the one that stays active.. Also per the 50,000,000 shares.. I also have a request in to find out the terms on these shares and at what price they "might be" cashed in at. Also one should realize that Jack Uselton paid a small price of shares to ICVI (by the way Joe Gort was NOT the CEO of ICVI and did NOT hold any mgmt position as I'd read on this thread earlier) in order to make this such an easy transition into the market.. rather than having to do an IPO.... they already have tremendous financial backing as I understand it... so all they needed was simply a way to "quickly" come to market.. Let's not forget that MEI has hundreds of millions of dollars in unrealized assets and several hundred thousand acres of land as I understand it. seems like MEI is definately a long term play.. and those that are wanting to leave at $1.00 or $2.00 imho would surely have underestimated the company's true potential... however, again it's always advisable to lock in some profits... but just be smart with what you sell, buy, and especially HOLD onto... take care jim