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


To: LT who wrote (10039)9/1/1998 11:28:00 AM
From: E. Charters  Respond to of 11684
 
My suggestions to make lemonade should be taken seriously. Collectively it would not cost that much. The overevalution of the lands was a serious error. It is litigible. The company is officially a shell. There is a pathway to fix things if people form and association and listen to reason. Don't let yourselves get led astray again. Don't have anything to do with any principles in the company. They aren't moving to fix it. So it's your turn.

Tow's shares are a major barrier to doing anything not a control block. You don't need control blocks to get the directors removed as they may be felonious. You cannot relist on serious exchange with a 50 million shares overhang. If directors are involved in securities violations they can be removed and their shares can be cancelled too.

You also do not need 62 teensy, thin coal seams scattered all over everywhere. They are not economic if you took the bunch of them stacked them in one pile. Energy is just too low a price now. Estimated value geologically does not mean economic extraction is possible. The USGS reports were written when coal was mined underground routinely. Nobody wants to get into that today too much.

The key thing is getting voting control of the company. If it cannot be done then drop it and sue the directors and instigate a felony investigation immediately. The money trail is most probably dirty.

mailto:echarter@vianet.on.ca