Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mr. Forthright who wrote (7881)	8/5/1998 9:30:00 PM
From: Bird	Read Replies (1) \| Respond to of 11684

Mr. Forthright wrote: >All I said was that the vendors of the assets got as payment for the assets 50 million >shares when the stock was at $0.80 ($40 million) and the next day they said they >were worth $200 million, hence the missing $160 million. The "vendors of the assets" intend to profit from appreciation of the stock when Mountain Energy, Inc. harvests those assets. The concept is similar to a farmer selling cattle. The mark-up for the steaks, once in the butcher's shop, far exceeds the value on hoof. Simple, isn't it?

To: Mr. Forthright who wrote (7881)	8/6/1998 12:53:00 AM
From: LionHeart	Read Replies (1) \| Respond to of 11684

Simple, isn't it? No it's not that simple. Does not work this way. That's the trouble. You simply do not take 50 million x .80 for $40 million in assets. There are so many other factors here. What the company feels share value should be placed at, also where they feel share price to be at time of actually starting to getting the oil/gas/coal. Also where they (MTEI and the "vendors") agree share price will be based on other acquisitions by MTEI within 12 months for example. Also an agreement to not release any shares back into the float up to date specified. 50,000,000 - I wonder were they went? If I have a yacht my grandfather John sold me for $200 is it worth $200? No, may be worth $1 or $1,000,000.00. To my grandfather John it was worth $200 because he is to old, needed the money, OR he simply had a devious plan to hit me in back of the head with a shovel when we went for a test cruise and throws me overboard, claimed I was hit be another boat and collect the accidental life insurance he had on me for $2,000,000.00 poor but effective example (please understand "grandfather John" is a fictional character) LH