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

To: Mr. Forthright who wrote (2319)	6/20/1998 10:34:00 AM
From: ciajim	Read Replies (1) \| Respond to of 11684

< 5) $200 million divided by 50 million shares equals, guess what? $2.85 per share. Bingo the art of creating $160 million overnight. I love America, the land of opportunitie > Back to your calculator 200 / 50 = 4 almost all the time

To: Mr. Forthright who wrote (2319)	6/20/1998 11:00:00 AM
From: Sly_	Read Replies (1) \| Respond to of 11684

OK, Forthright, Lets put your post under a microscope. FALLACY: 1) MTEI has 20 million shares outstanding. FACT: MTEI has 17-18 million shares outstanding FALLACY: 2) The good ol' boys show up with their private company and decide to sell it to MTEI for 50 million shares (or $40 million since the stock was trading at around $0.80 at the time of the announcement). FACT: It was around 8 CENTS FALLACY: 3) The next day the company has 70 million shares outstanding. FACT: It was several weeks, NOT the next day. FALLACY: 4) The same next day the promoters claim the properties are worth $200 million, not the $40 million that was paid a day earlier (or was it a few hours ealier). FACT: The properties worth are stated in the press release, not the promoters ( whoever you are referring to) Again the 40 million is a fallacy. FALLACY: 5) $200 million divided by 70 million shares equals, guess what? $2.85 per share. Bingo the art of creating $160 million overnight. I love America, the land of opportunities. FACT: Oh well, you got 1 out of 5 right, except it didn't happen OVERNIGHT... :} Your posts should be titled, "Forthrights believe it or not....NOT" I just love exposing a liar! Sly_