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


To: Steven Angelil who wrote (7001)6/2/1998 10:02:00 PM
From: Jim B  Respond to of 11850
 
nice post. jim



To: Steven Angelil who wrote (7001)6/2/1998 11:10:00 PM
From: techxprt  Respond to of 11850
 
Great post Steve. $2.85 book value share for only $1.23, what a steal. I have acquired more capital now by selling my big boards stocks (e.g. I bought 800 shares for MSFT a few years back before all the splits it had), this money all ready to go.

It will very hard for MMs to keep at these levels, of course, their will be some dips because of day trading. It was said the other day that we will see $2 before we see $1, I believe that is very true.

It's gonna be a whole new ball game after the news IMO, I would strongly recommend accumulation at these prices, as these will be history after next week.

Techxprt
*** Loading with ICVI at these dirt cheap prices ***



To: Steven Angelil who wrote (7001)6/3/1998 5:56:00 AM
From: Richard Pleski  Read Replies (2) | Respond to of 11850
 
A no-brainer. HA! Hey you just got scammed. Whole coal companies
with 1800 employees and $200 million revenues, $40 million cash,
and 1000 times the property and equipment of ICVI are only worth
$150 million these days. Better wake up and smell the coffee-
ICVI is just a stock scam worth $1 million at the most, or less
than .02 a share. Kinda overvalued at $1.20 don't you think!

Face it. You've been swindled. Read and learn:

Thursday May 28, 3:18 pm Eastern Time

Company Press Release

SOURCE: Rochester & Pittsburgh Coal Company and CONSOL Commonwealth Inc.

Coal Companies Announce Merger

PITTSBURGH, May 28 /PRNewswire/ -- Rochester & Pittsburgh Coal Company (OTC Bulletin
Board: RPTC - news) and CONSOL Commonwealth Inc., a member of the CONSOL Coal Group, announced today that the two companies have agreed to merge through a cash transaction in which CONSOL Commonwealth will pay $43.50 per share for R&P shares. Total value of the shares acquired will be approximately $150 million when the transaction is concluded.

CONSOL also announced that it had entered into a stockholders agreement with the holders of a majority of R&P's outstanding common stock, granting CONSOL an irrevocable proxy to vote their shares in favor of the approval and adoption of the merger agreement and an option to purchase those shares, exercisable under certain circumstances, at a price of $43.50 per share.

Rochester & Pittsburgh Coal Company, headquartered in Indiana, Pa., principally is engaged in production and sale of bituminous coal in Pennsylvania through three of its subsidiaries that operate
six underground mines. Rochester & Pittsburgh mines, exclusive of Mine 84 during its development stage, produced approximately 5.0 million tons of coal in 1997 and had sales of approximately $210 million.

CONSOL Coal Group, with general offices in Pittsburgh, Pa., has 24 bituminous coal-mining complexes in six Eastern states and the Canadian province of Alberta. CONSOL mines produced 72.8 million tons in 1997 and had revenues for the year of $2.3 billion.

The merger has been approved by the boards of directors of both companies. The merger is expected to be completed during the third quarter, following regulatory reviews, proxy solicitation
and a vote by the shareholders of Rochester & Pittsburgh Coal Company.

SOURCE: Rochester & Pittsburgh Coal Company and CONSOL Commonwealth Inc.