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

To: Fred Ragan who wrote (6472)	7/28/1998 3:40:00 PM
From: blueHorse	Read Replies (7) \| Respond to of 11684

point is this... mtei has technically violated certain provisions to gain access to the capital required to develop their properties... if the lenders so desire they can withdraw from negotiations and leave mtei without the much needed capital to develop mineral deposits... it is very common for lenders to require that INDEPENDENT surveys be done on energy producing properties.... mtei may have tainted the waters of independence by announcing to the world who is doing the surveys... no finance company will extend any credit to a company they can't trust to keep a lid on finance covenants