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

To: V$gas.Com who wrote (5259)	7/14/1998 10:26:00 PM
From: V$gas.Com	Read Replies (4) \| Respond to of 11684

Question: Do they (MTEI) have arrangements with banks for equipment financing, credit, etc. MTEI's answer: Commercial banking investors, domestic and foreign, have requested discussions with us and we have entered into some preliminary discussions. Institutional lenders have asked to join us. please note that this sort of finance is case specific and will be addressed as such. As of this moment, we do not have a specific need. we anticipate such a need in the future and are confident that resources will be at our disposal. Debt management costs money on a time usuage basis. We prefer not to institute debt service prior to actual need. Specifics will be announced when we do enter into sourcing contracts.

To: V$gas.Com who wrote (5259)	7/14/1998 10:36:00 PM
From: V$gas.Com	Respond to of 11684

Question: When are outside auditors going to review their books? MTEI's answer: An audit is in progress.

To: V$gas.Com who wrote (5259)	7/14/1998 10:44:00 PM
From: V$gas.Com	Read Replies (1) \| Respond to of 11684

Question: The Stagg reports - I guess any information would be great. Also, how are they being paid for? MTEI's answer: Stagg is a good, reputable and well respected company. Since our fee acreage is made up of many counties, it is a laborious task. Also, we are seeking their evaluation of coal, oil and gas. This adds to required research. Other factors are that we have added significant acreage to the initial order. Also storms, flooding and tornado damage in June hampered efforts. Also: Stagg is being paid in the normal manner, with money. Details will be made in the context of annual reports.