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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mr.D who wrote (412)	6/11/1998 10:43:00 PM
From: BILL L	Read Replies (2) \| Respond to of 11684

HEADER:GREAT DD BY TIM.P. INVESTORS MUST READ. THANX.TIM Bill, For what it's worth, my rambling two cents again: Many thanks to the folks who responded wisely the last two days (ICVI #'s 11448 & 11555, Lee Walsh's posts, Minspel, etc.). The way the leading board members responded by posting facts coupled with the research sources was impressive and revealed great character. In reference to Lee's "emotional investor" post - everybody wants to make a million, but unfortunately it demands discipline and vision - rare qualities. Discipline is required for performing the preliminary DD, riding out the storms, and for not profiting too soon. Vision is required for understanding the business concept/plans and how it interacts or will be affected by future events (OPEC, etc.). Most important, visualizing better times during bleak or dull periods is critical. Human nature tends to float between panic and greed, so to be successful in this endeavor were all committed to, especially during the rough periods - you gotta maintain discipline and visualize like alot folks on this board did. Certainly, this is no place for weenies. IMHO, it seems like AXXS was involved in a fraudulent short-term play on MTEI. If AXXS, in particular S.D., had any previous credibility or current value, Mr. White and some hired guns would most-likely be on the offense with damaging legal action. Fortunately for us and AXXS, he has better things to do with his time and most-likely does not want to dignify their garbage. I checked out AXXS and it seems like that was par for their course. Also, for what it's worth, my two cents on current events that I think are significant to us: 1)On June 9, 1998 CIBC Oppenheimer upgraded 4 oil drilling platform companies to either a buy or a strong buy - Diamond Offshore (DO), Marine Drilling (MDCO), Noble Drilling (NE) and Transocean Offshore (RIG). This helps MTEI alot. But today, Deutcshe Bank reiterated it's negative stance on oil stocks (IMHO - they'll be doing a 180 before August because I think their opinion is based on shortsightedness pertaining to currently cheap oil); 2)El Nino's little sister, "La Nina" (a growing gigantic body of cold Pacific Ocean water) appears to be for real. Some meteorologists are speculating that it could trigger a very cold 1998-99 winter for North America; colder temperatures = more fuel needed = more value added to MTEI; 3)Here in California, it looks like the offshore oil drilling ban that expires in two years will be extended (Californians favor it 3 to 1). The ban is actually on new platforms along the entire U.S. West Coast,extending 200 miles offshore. Related to this, worldwide focus on saving the oceans is being spotlighted right now in Monterey Bay. IMHO, this all points to secondary recovery of terrestrial oil reserves and coal mining becoming more important; and 4) The June 24th OPEC meeting is still on. IMHO, I think they mean it this time about production cutbacks. From what I see, the OPEC economy's have really had limited growth the last 6-7 years, while the U.S. and some European economies aided by cheap fuel have flourished considerably. In their eyes, their missing out and can improve their margins by cooperating among themselves. Also, I would bet that the big U.S. oil companies are viewing this as an potential opportunity to raise their margins. Bill, once again, my thanks to all for hanging tough, displaying great character, and providing all the newly listed information. I'm still very bullish on this company and a keeper for long-term. Sincerely, Tim P.S. - Could you also remind everyone to read those previously mentioned articles in Scientific American as part of their DD ? (March 1998 & June 1998). Thx.

To: Mr.D who wrote (412)	6/11/1998 10:50:00 PM
From: BILL L	Read Replies (1) \| Respond to of 11684

REPOST: COMMENT FROM TIM.P (NON-SI DD MEMBER ABD LURKER):ME IS VERY STRONG AND REAL Bill, Responding to your post for a headcount of shares - I've been lurking and reading the board since last Thursday. I honestly suspected you guys were a complex web of pump & dumpers of this issue and therefore I was cautious. Finished my DD last night and was very, very impressed with the release this morning - and I have a strong background in geology and natural resources. I got in for 3,000 shares this morning (I know, chump-change) and I'm also considering grabbing another 3,000 to 5,000 tomorrow. You guys can count on me to be a long-termer - this is no-brainer. I'm a lurker and will communicate to you via this email address, if you don't mind. Once again, very impressed with you folks. I've gotten bullied by MMs in the past, so this effort is great. If you want my 2-cents on anything - post it on the SI board and I'll respond immediately to this address, just don't mention my full name -please refer to me as Tim P. Also, the March or April 1998 Scientific American issue includes a very informative paper on oil reserves and coming cost of energy in about 10 years - I strongly recommend that you read it and inform others on the SI Board about it (if you have not already) - it only puts ME in a more brighter light and serves as a well-written article for the layman to gain a better understanding of this field. Sincerely, Bill, Please feel free to post my message. Also, I was reviewing the article I spoke of yesterday - it's in the March 1998 Scientific American as "Special Report: The End of Cheap Oil". It's actually a series of articles from page 77 to 95 in that issue. An absolute must to read. Thx. Tim