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

To: Janice Shell who wrote (6748)	7/29/1998 1:08:00 PM
From: DG Cruise	Respond to of 11684

Janice, Read the post we have seen this about 10 times now. Thanks

To: Janice Shell who wrote (6748)	7/29/1998 1:23:00 PM
From: Cliff Daniel	Read Replies (2) \| Respond to of 11684

WASHINGTON (Dow Jones)--The Securities and Exchange Commission suspended trading in the shares of Mountain Energy Inc. (MTEI). According to the SEC release, the suspension was imposed due to questions that have been raised as to the adequacy of publicly disseminated information concerning, among other things, the company's ownership of certain properties and the valuation of mineral assets on those properties. Mountain Energy is a Houston-based oil and gas firm. (END) DOW JONES NEWS 07-29-98 10:49 AM It would seem that the company is being investigated for fraud and material misrepresentation. Janice, Does this mean that the company has to prove at least 200mm in current assets, not including the land being evaulated or they risk being de-listed. What happens to current stockholders if they are de-listed. Do you get par value (0.001) per share you own or what? Cliff