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


To: V$gas.Com who wrote (9949)6/8/1998 11:08:00 PM
From: Mr. Forthright  Read Replies (3) | Respond to of 11850
 
<<, is that this 8000 acres does contain significant
minerals, either oil & gas or coal or both.>>

Isn't true that the company would by these assets at today's fair market value? So where is the upside? I will tell you. In developing these assets, which costs a lot of money and take a lot of time. Let me add that the development of these assets will be speculative like with any similar project in the industry. If you are a land man you understand what I am saying don't you?



To: V$gas.Com who wrote (9949)6/8/1998 11:16:00 PM
From: DizzyG  Read Replies (1) | Respond to of 11850
 
Bob,

Just a thought from a lurker.

Mr. Forthright's constant and annoying attacks remind me of a scene from the movie the Ten Commandmants. I'm sure you remember the scene: Moses climbs the mountain to receive the 10 Commandments while the rest of the newly freed slaves are left at the base of the mountain.

The line that seems to stick in my head is the one that Edward G. Robinson says: "Where's your Moses now?" Well we all know what happened to the naysayers when Moses returned... The same thing applies to Mr. Forthright when ICVI returns...

Keep up the great work...

Holding long at at an insignificant 14,000 shares.

Moving back into Lurking Mode...

Bubby88



To: V$gas.Com who wrote (9949)6/8/1998 11:28:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 11850
 
It's very important to sick with a stock you believe in and it will pay off. If you are long then you should not worry about the day to day ticks.



To: V$gas.Com who wrote (9949)6/9/1998 4:55:00 AM
From: Richard Pleski  Read Replies (2) | Respond to of 11850
 
JUST FOUND OUT- A $6 MILLION COAL DEAL!

But not for the ICVI pump and dump!
archcoal.com
And from the ACI 10 Q- those 12,000 acres contained:

"In November 1997, the Company acquired approximately 23 million tons of low-sulfur coal reserves adjacent to the Hobet 21 Complex for $6 million."

Now let me get this straight- ICVI has 70 million outstanding
and only have 1300 acres with 10 million tons- worth less than
a $2 million by these ACI standards, and just gave away X amount of shares to buy 8000 acres that could have nothing but deer droppings on it...

The BEST CASE scenario is the current value of .02/share plus whatever they gave away for the deer droppings- ICVI is worth at best .03
a share on the mineral rights and raw land. Of course if I was ICVI
management I'd be dumping all my stock now and get out while the gettings good, rather than spend years trying to build a mine, buy equipment, permits, etc.- it could be 10 years before you would ever build up a book value anywhere near the .85/share X 70 million outstanding= approx. $60 million market cap- and judging from the stock activity the past few days- management and the "rocketeers" who helped pump the scam are heading for the exits in droves, while planting "newbie" drones to chat about the falling stock and blame naysayers and market makers...

And who are all these "Rocketeers" and "newbies" who join SI at the
same time to talk about 1 or 2 stocks ONLY- with everybody's modas operandai sounding stangely familiar- "hi I'm a newbie, and this is my first post, and I'm a Rocketeer- I like to golf to forget about watching stocks, remember scenes from old movies, and will hold "long and strong" with "macker" and "Rocketman" "- this looks like a well organized pump and dump, and probably the biggest scam ever to hit S.I...