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

To: Tom C. who wrote (5199)	7/14/1998 11:45:00 AM
From: Allan B.	Read Replies (2) \| Respond to of 11684

My schwab real time quote says there are 250,000 shares traded..the bottom of the si page says 15,000 shares.... given the half hour difference, which is right? Allan B

To: Tom C. who wrote (5199)	7/14/1998 12:01:00 PM
From: V$gas.Com	Read Replies (2) \| Respond to of 11684

More meeting info: They are currently working on a business plan, however they did furnish a rough outline of what they believe the plan will be. a. Organize a public corporation b. Procure office space and furnish c. Staff up with experienced people d. Find and evaluate properties e. Establish oil, gas and coal reserves with a value of $300,000,000.00 in the first year. f. Establish proven undeveloped oil reserves of 15,000,000 bbls in the first year. g. Establish proven undeveloped gas reserves of one hundred billion cubic feet within the first year. h. Begin petroleum operations within the first six months. i. Establish operational positive cash flow within the the first nine months j. Convert cash flow into a profit within the first year (Please bear in mind that acquisitions will be considered a diversion of cash flow resulting in paying down debt service, yielding overall stockholder profit, through asset appreciation and growth. This is our viewpoint. We must acquire reserves while they are available at favorable prices.) k. Establish an after tax profit of not less than 17% in the second year. We will very likely use the profit for reserve cash and to maintain growth momemtum. Dividends in cash payments are not expected. Growth in equity value, based on actual worth, is expected to appreciate. When using the term we above it means "the company". Regards, Bob