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

To: LionHeart who wrote (7841)8/5/1998 5:18:00 PM
From: kennbill  Read Replies (3) | Respond to of 11684
 
Good post, LH.

BTW, jhild never answered my question on why he spends all his time here for "free" and how he supports his family? (Actually, we know the answer, but just wanted to point out that these types of questions never get answered by our resident aliens.)



To: LionHeart who wrote (7841)8/5/1998 6:51:00 PM
From: Alastair McIntosh  Read Replies (1) | Respond to of 11684
 
LionHeart and thread, regarding valuation

If the filing MM requires an audited balance sheet to satisfy himself about the true condition of the company, there may be a severe valuation problem. Balance sheets record assets at the lower of cost or market value. You may be looking at a book value of less than a penny for MTEI. The fact that millions in revenue may in the future flow from these assets does not impact current book value.

Al


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