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To: TraderGreg who wrote (16)4/4/1999 12:43:00 PM
From: chip  Read Replies (1) | Respond to of 32
 
It would be nice if the SEC could reign these operations in, but I wouldn't hold my breath. John Christensen of MTEI/ICVI apparently has another ongoing oil P'n'D (I don't remember the name) with all it's reverse splits and the like. The real killer about MTEI was the issuing of ~19 million illegal shares which were sold into that run-up, causing the drop from $1.75 BEFORE the SEC halt. AND the active participation of the transfer agent!

It is hard to believe a 1 for 250 reverse, though,,,,,I'm glad I bailed long ago.

Chip