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

To: jhild who wrote (7838)	8/5/1998 4:56:00 PM
From: eric deaver	Read Replies (2) \| Respond to of 11684

<<The real effect is going to come from whether or not MTEI reserve estimates can be proved. If they cannot, then I would be willing to bet that we will have a more substantively accurate estimate to replace the initial $200M one. Now that will affect shareholder value, if it ever starts trading again.>> Jhild, Agree with you here. If you read some of those SEC Administrative Proceedings, most appear to be similar to a settlement w/ any other gov't agency (i.e., new financial statements issued, cease & desist from rule breaking, etc.). Based on this it would appear to me that IF MTEI can not substantiate the $200MM claim, they will have to issue a retraction and a more accurate estimate. Yes, this will effect shareholder value. But consider this - a more substiated estimate (while possibly not at the $200MM level) may warrant a much greater share price than the current $0.18 price. Yes, based on what has been said on this thread, this hinges on getting the MM to sign the form. Eric

To: jhild who wrote (7838)	8/5/1998 5:13:00 PM
From: LionHeart	Read Replies (2) \| Respond to of 11684

** My Opinion Of The Current The lawsuit though not directly related to the suspension by the SEC gives you something to think about, and it makes you think that Jack Usleton basically misunderstood was deceived or flat out lied to by the defendants. Given the past history of those defendants I will side with MTEI.... for now. I don't think they will have to much of a problem getting a MM to file and quote MTEI. I say this only after** the fact that MTEI proves the assets. If they do then here you have a stock put under the microscope by the SEC and a stock that gets some huge coverage (for a BB stock) mentioned by CNBC, WSJ and basically by the SEC. If you ask the majority of the OTC:BB companies; "Would you like to be put under the spotlight by the SEC to prove your assets stated in prior PR's and thus if proved be perceived as being stronger then ever in the eyes of the investors?" How many would say yes?? Not all, not even 75%. If I was a legit company trading on the OTC:BB I would say a resounding "YES" to that question. MTEI if true and on the up-and-up could not ask for a better situation. And remember the SEC did not accuse or say that MTEI did anything wrong. They simply want proof, and that is what we all want. LH