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

To: Moonglow who wrote (888)	6/13/1998 9:28:00 PM
From: lazarre	Respond to of 11684

Juanita, Great questions. Lets give your designated answeree till Monday for the info. If we don't hear from her, I'll assume she really is not concerned about the import of both the Q&A and I'll find out myself and report it to the thread. Lazarre

To: Moonglow who wrote (888)	6/14/1998 9:46:00 AM
From: Janice Shell	Read Replies (4) \| Respond to of 11684

Did you think my theory was too far-fetched? I don't know...but I assure you it was not. Or.....did you perhaps think it was right on the money? I'm sorry; you didn't reference your earlier post. But as I recall you proposed that Christensen, like a former employer of yours, had incorporated some companies in case of future need, and then sold them, in this case to EDII and MTEI. I don't think so. Christensen appears in incorporation documents for only three Nevada companies: MTEI (formerly ICVI), EDII, and C-Concepts. (There's also a John Christensen Sr on record, but he doesn't seem to be the same person.) All of these companies were active concerns, under Christensen's active leadership. None was a shell. We know that Christensen was replaced as CEO of EDII in January, and of MTEI when the merger with ICVI was completed recently. He seems still to be running C-Concepts, despite their sale to MFRC. The questions: is Christensen on the boards of EDII and/or MTEI? How much stock does he hold in these companies? Is there any connection between MTEI and/or EDII and MFRC? What big money group is behind Mountain Energy right now? I have no idea. In March, ICVI hired Freeport Financial Services Ltd., the international investment banking division of Freeport Merchant Bank (Nassau) "help the company accelerate its acquisition program of acquiring convenience stores through its subsidiary Convenience Concepts Inc. (CCI) and exposing ICCI shares to long-term investors....". Might they now be doing the same thing for MTEI? Just a guess. In the relevant press release, emphasis was placed on Freeport's access to European investors. How are a group of oilmen able to acquire several thousand acres of property in such a short period of time? This goes back to the question of financing. Why did they decide to put those properties into a public corporation? Probably to make it easier to raise money for future acquisitions.