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

To: eric deaver who wrote (7918)	8/6/1998 12:14:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 11684

Oh, while were talking, GRRRRAAAAAYYYSSSTTTTOOONNNEEEE, kev dug this nugget out of PETD 10-Q: "The Company has a bank credit agreement with First National Bank of Chicago, which provides a borrowing base of $10.0 million, subject to adequate oil and natural gas reserves." Now how about that - and you know what kev went on to observe that MTEI's bank will likely need proved assets to provide financing (if it is required - notice the word IF). Damn that worthless coal, oil, gas and CBM may benefit this company without ever having to come out of the ground. Kind of ironic isn't it? I fail to see the relevance of PETD's financing arrangements to MTEI's situation. MTEI has in fact never announced any extant line of credit. If you wish to learn more about the company's recent attempts to secure financing, ask "blueHorse".

To: eric deaver who wrote (7918)	8/6/1998 4:55:00 PM
From: Graystone	Read Replies (1) \| Respond to of 11684

No, you won't speculate or Just keep offering specious arguments I will speculate You shareholders have been ripped off. This means your money is gone. MTEI is not a coal company MTEI is not an oil company MTEI is not a gas company If you think that you can sell assets for whatever you want, and then claim whatever you want as value, maybe you should learn a thing or two, ignore the deaver and listen, the assets are worth what you pay for them , hopefully. They may be worth considerably less if you are dealing with criminals, they are never worth more, unless you can exploit them. MTEI is not a coal company MTEI is not an oil company MTEI is not a gas company This means, no facilities, no employees, no trucks, no mining equipment, no means of exploiting assets. They do however have a good deal going, they got your money. MTEI : SI's Rudest Thread