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

To: justaninvestor who wrote (3399)	6/24/1998 4:17:00 PM
From: EubieV	Read Replies (3) \| Respond to of 11684

NEWS RELEASE-A glimpse into the future: MTEI is in the accumulating phase and shareholders should be doing the same! As more and more acquisitions are announced, their book value will go up & up. It's already more than $2.85. The only reason the stock price isn't reflecting its value is because of the novice investors here that think investing means a one or two week "gamble" Go to Vegas if that's what you want, otherwise sit back and wait for your investment to mature a bit. MTEI will get there. We're not waiting for the little ball to land on the "red" or the "black" we're investing in the growth of a company. PS. In reference to MTEI aquiring a "producing" company, I can verifiy that I have heard that from the company as well. This strategy is in their plan. _____________NEWS RELEASE FROM TODAY______________ Providing verification of product in place and on completion and receipt of reserve studies, MTEI will then select specific properties we wish to acquire and negotiate the acquisition. Mountain Energy's strategy is to select and purchase only the properties determined by the above referenced studies that have the most potential to economically and profitably produce oil, gas, coal, or a combination thereof. MTEI is constantly keeping in mind the need to build a very strong property asset base prior to the beginning of the development and production of the selected properties. In addition to the West Virginia properties, our staff is currently studying oil and gas properties in Texas, Oklahoma and Wyoming. Upon the completion of the study and selection of the properties that meet the parameters defined above, Mountain Energy will begin negotiations and attempt to acquire those properties that will most benefit the company and our shareholders. Providing verification of product in place and on completion and receipt of reserve studies, MTEI will then select specific properties we wish to acquire and negotiate the acquisition. Mountain Energy's strategy is to select and purchase only the properties determined by the above referenced studies that have the most potential to economically and profitably produce oil, gas, coal, or a combination thereof. MTEI is constantly keeping in mind the need to build a very strong property asset base prior to the beginning of the development and production of the selected properties. In addition to the West Virginia properties, our staff is currently studying oil and gas properties in Texas, Oklahoma and Wyoming. Upon the completion of the study and selection of the properties that meet the parameters defined above, Mountain Energy will begin negotiations and attempt to acquire those properties that will most benefit the company and our shareholders.

To: justaninvestor who wrote (3399)	6/24/1998 4:32:00 PM
From: Let the Big Dog Eat	Read Replies (1) \| Respond to of 11684

I would also like to add to DW and bbruin's comments. In the short run (< 3 months), MTEI is a strong asset play. Assuming very positive Stagg reports, the stock at the current price is trading at a deep discount. The market cap. today is only $32 million compared potential asset value of $200 million +. To the extent, the stock reflects this asset value (though will still likely trade at a discount to asset value, but a much more reasonable discount), we are looking at a nice gain. So the risk in MTEI for now is the Stagg report...good or bad?? My 2 cents is that I like the fact that MTEI chose a highly reputable firm in the industry. It gives MTEI credibility and for me, to some extent, confidence in a good report. If MTEI wanted to scam investors, they could have chosen a less reputable firm that MTEI could pursuade in inflating its estimates of the reserves. Stagg would not pad estimates and risk its reputation. Thus, i expect that MTEI wanted Stagg to do the analysis, so that the investment community, lenders, potential targets/merger partners would have no doubt as to what MTEI has.