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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 (7338)	7/31/1998 3:02:00 PM
From: eric deaver	Read Replies (1) \| Respond to of 11684

Janice, Do you know when MTEI and ICVI came to agreement on the deal? Also, neither you nor I know the details of the agreement. Isn't MTEI contending fraud? Remember there were only 20MM supposed shares outstanding before deal. This extra 19MM almost doubles the ICVI outstanding shares at deal time. As I understand, the deal the 50MM was issues at execution. So what happens if ICVI quietly (over the course of several months) issues these 19MM extra shares and stipulates in the agreement that they only had 20MM outstanding at the time of execution. I see no red herring here. Just fraud. Eric

To: Janice Shell who wrote (7338)	7/31/1998 3:02:00 PM
From: BRANDYBGOOD	Read Replies (2) \| Respond to of 11684

They misrepresented the amount of outstanding shrares to Jack. Those shares were not listed anywhere as assets in the reverse merger. Yet they were assets, as they were free trading shares. Even if they were restricted shares they should have been listed as assets. American Registrar is listed in suit because they didn't get the paperwork to Jack until too late. That would have been the only way to know about the share issuance. No one would care if they were issuing shares and the shares had been listed as assets of the company, but they were not. Brandy