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: BRANDYBGOOD who wrote (8414)	8/13/1998 7:48:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 11684

Yeah. Sure Jack wants to "protect" his underlings. Questions: 1: Who IS Jack? Who ARE his associates? There was a lot of talk on the thread much earlier about how they had 200 years' experience in the oil biz. Combined, naturally. Maybe, we do know they're not young; Jack, I hear, retired in 1986 on a disability pension. So. Do they/did they/will they ever will have a clue what they're doing/claiming to do/attempting or not attempting to do with MTEI? 2: Special for you, Brandy: you seem to have a direct line to Marc Tow. You were our initial, and subsequent source. I'd NEVER have got a line on him if you hadn't mentioned his name. What's his stance now? The rumour du jour is that he'd like his West Virginia property back. True? Makes sense, after all. Tow bought the 72 parcels in question in 1994. At that time, their assessed value was $4.7 million, or thereabouts. Market, $7-12 million, depending on your valuation model. NOTHING AT ALL, naturally, compared to the $200 million "asset value" claimed by MTEI in press releases, and in conversations with Jack reported on this thread. Gee, no wonder the SEC's upset. Comments, anyone?

To: BRANDYBGOOD who wrote (8414)	8/13/1998 8:09:00 PM
From: Little Engine	Read Replies (3) \| Respond to of 11684

Hmmm, gets more interesting by the minute here.... Also amusing information re: Darrell Uselton. Is it possible ICVI approached him looking to dig up a merger partner... and he didn't have to look far? His history doesn't exactly scream "straight shooter" to me. I was wondering, reading recent posts, why Jack and other company execs were locked in meetings for days, since: 1) the company has no operations; 2) the reports from Dunn surely are not out yet (nothing for MTEI to look at) ; 3) no news to report; 4) they certainly aren't busy buying land; and 5) the stock isn't even trading. I mean, how much time can you spend discussing the operations of an inoperable company? Apparently, everyone's busy getting their stories straight: <<< He did admit that he asked two board officers (Winston Overstreet and Quentin Moore) to resign from the board in order to protect them from possible liability. They still work for the company but no longer sit on the board for their protection. He says that he no longer knows if his company ever existed in the first place. >>>>> I'm beginning to feel sorry for the shareholders of this worthless stock. It really takes some stones to flip off the shareholders with "Sorry, folks, the company never existed. Not my fault... see ya!" Resignations? You know, I'm not a lawyer, but I would think that board members become liable at the point they commit any wrongdoing, not at the point it is discovered or prosecuted. Apparently the plan is to play the innocent victim... "the company never existed"... is that in the investment packet? Smooth, Jack. I hope the SEC falls for it. I can't help but recall the PRs describing what a swell group of superbly experienced businessmen they had assembled. <<<<They are also suing for damages on 4 accounts of existing and pending law suits on the former management of ICVI which were non-disclosed at the time of the reverse merger. Had they been disclosed Jack never would have pursued the reverse merger with ICVI.>>>> Talk about buyer beware. I would guess that it would have taken MTEI maybe five minutes to search the Internet and turn up the string of shell companies that evolved into ICVI. Perhaps Jack did some "real DD" which involved "calling the company" and asking John C. if anyone was suing him. P.S. Quentin Moore? Wasn't he the Lone Ranger?

To: BRANDYBGOOD who wrote (8414)	8/13/1998 8:17:00 PM
From: Howard C.	Respond to of 11684

<He says that he no longer knows if his company ever existed in the first place. > Didn't I hear a lot of you saying for months "Jack's a great guy, he just doesn't understand PR and the markets....he cares about his company, only 2 months old, doesn't care about the stock price...we visited and it's SO Wonderful...he was screwed...he was so innocent...he's such a macho man, just hear the way he talks about his Butt, wow that's wonderful, one of the boys...he said he only owned 500 acres but we decided not to mention it...look out, don't believe the bashers...he's a she, she's a he.." WHAT A WASTE. Pathetic.