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

To: Blitz who wrote (7409)	6/3/1998 1:18:00 PM
From: Forest Gump	Read Replies (2) \| Respond to of 11850

EVERYONE, Beware any alliances with TMEX, The Dog, or Penny Wise. They would love to be able to do the Rocketeer thing but it is impossible by their very nature. They are minute traders, even a day seems long to them... Have you ever heard the story about the scorpion who asked the frog for a ride across the river. The frog said "No way, you will sting and I will die," To which the scorpion replied, "I would not do that, if you die then I will too." The good natured frog thought for a moment and said OK. Halfway across the river the Scorpion stung the frog. "Why?" asked the frog, "Now we will both die!". The Scorpion just shrugged and said, "I can't help myself, it's my nature." If you are going to play with them then play their game not the Rocketeers.

To: Blitz who wrote (7409)	6/3/1998 1:27:00 PM
From: V$gas.Com	Read Replies (2) \| Respond to of 11850

I found this on the Yahoo thread for icvi. I offer the following comments: (<< >>) Are the comments of the Yahoo poster!! <<ICVI valuation: 31 cents a share (for Mountain Energy) Jun 2 1998 10:50PM EDTFirst they own mineral rights, not producing properties, giving them the benefit of the doubt 2 billion cubic ft of gas is about 2 million million BTU x $ 1/million BTU (liberal for gas in ground esp. coal gas) = $2 million>> Reserve est: 2bcf = $10,000,000.00 Tax credits not accounted for. Possibly as high as $5.00 per mcf <<10 million tons of coal x $2/ton (again liberal for coal in ground, e.g PZM has profit margins of $2/ton) = $20 million>> Margins are at $10/ton minimum. = $100,000,000.00 Minimum total = $22 million Could be as high as $15 - $20/ton = $150,000,000.00 - $200,000,000.00 <<All of my estimates are low. Reserves are being evaluated as we speak and will be forthcoming by end of month. $22 million/70 million shares = 31 cents for Mountain Energy part of company>> $160,000,000.00 - $210,000,000.00/70 million shares = $2.30 - $3.00 a share << Not short, nor long - really trying to do people on this thread a favor by giving them information. If you doubt my assumptions go through the 10Ks of energy companies to determine how they value reserves - you will find I'm giving ICVI the benefit of the doubt I have read it! Reply >> Regards, Bob