Mountain Energy Inc (EM) (MTEI)

Seem to recall Frank had some backlash? had from the previous shell owners? In the end, Frank got MTEI. Almost hard to believe that scammers can fight each other like 2 cats in a sack.

Frank is going to be out of the shell business soon. He has 5 months left or he goes to trial. For giggles, I asked Grok AI about Franks chances of getting out of all SEC charges FREE and CLEAR. Basically Grok sez it almost never happens and the transaction records for the mortgage deal and illegal stock sales have Frank nailed to a wall

Frank "the tank" Igwealor says he is innocent of all the charges. Hate to say this.............................I don't believe him. However I can entertain him. Like George says from the old TV show Seinfeld "It's not a lie, if you believe it"

Most likely Frank will get an SEC ban for 5 years like Fred Bauman plus return of monies + interest penalty

Frank should make sure he stays out the SEC realm. Maybe he can draw inspiration from the movie "Daddy Daycare" starring Eddie Murphy. However the state of California is cracking down on all that daycare stuff (actually the FED gov't) So the day care window is closing rapidly

If that wont work, maybe he can get help from a Nigerian Prince needing help with a deposit. Any Prince might work and doesnt have to be from Nigeria

At least he wont have to worry about the SEC in these two instances

This ticker needed a lot of work from being dissolved and getting Pink compliant.

MTEI has been a scam since the 1990s. It suspended by the SEC in 1998.

Hoping you're right AA!!!!!!!!

EM is the best thing for this stock. Frank "Squealer" Igwealor is heading to pound town soon. If he is silly enough to go to trial, he will not stand a chance. That lady Ijeoma "Miracle" Umekwe is a Frank crony with a company End Time Capitol (started 2025). She has that typical Frank Igwealor bullcrap with super voting shares allowing conversion of up to at least 1 billion shares

Being in EM she can't do anything.

The best hope for MTEI is another custodian to takeover. From the old receipts online, I would estimate Frank spent 30k minimum to get this rolling. This ticker needed a lot of work from being dissolved and getting Pink compliant.

Once Frank is banned. There is nothing to stop other custodial takeover as long as the petitioner is legit (according to Grok AI)

Two Words - Expert Market........

$MTEI updates:
1. On 04/10/2026 filed Certificate of Acceptance by RA (after the new management filing in January, both filed at https://esos.nv.gov/EntitySearch/OnlineEntitySearch);
2. The share structure remains unchanged (no dilution);
3. This month Frank Igwealor's DRNG surged from 0.0001 to as high as 0.0008 (without any catalyst).

It is unnecessary to see the filing itself. Frank Igwealor is no longer listed in the section of OFFICER INFORMATION. Clicking "View Historical Data" would see him again.

Do you happen to have the names on the document? I'm having problems with their website.

$MTEI Frank Igwealor is gone. New management filed with the NVSOS this week, as shown here at https://esos.nv.gov/EntitySearch/OnlineEntitySearch

$MTEI Countless OTCID/PL trading cases prove that what really matters is the share structure and the value of the coming merger/acquisition, which would automatically remove the bad past and/or the current/interim management, if any.

Anything & I mean Anything frank the stank is involved in is a scam

Good points but down 44% today.......

In reality, this ticker has a very bad past. HUGE scam. Had its heyday, which didn't last long, in 1998.



The Fortune article used to be easy to find online, but it's not turning up for me now...

The related lawsuits continued for years.

$MTEI - time to run?
1. "currently working to finalize an acquisition in the oil and gas industry" (as in the Company Profile);
2. Outstanding 37,096,893 (no dilution since 2023); Float 24,666,581 (unchanged since 2021);
3. Market Cap $159,517 (as of Friday, 01/02/2026);
4. No convertible note;
5. No reverse split history.

Franks Oct trial is in 2 days. Wonder if he will push all his shells to Brandon Dean? They have collaborated with shells in the past.

At bare minimum, Frank is going to get a penny stock bar from the SEC

MTEI is in default at the NVSOS. Frank has also boosted the AU shares to 590 million. He is going to dilute this to hell

Best case is Frank loses his trial on Oct 27 and the shell goes to another custodian

Is this still dead?

$MTEI looking good today $$

Many of Franks tickers have that mc now

$MTEI pink current. Market cap $74k

MTEI .0043

MTEI .0012

Let me know if you find it...

I'm looking for the case number

MTEI Security Details
Share Structure
Market Cap Market Cap
148,388
01/17/2024
Authorized Shares
200,000,000
01/17/2024
Outstanding Shares
37,096,893
01/17/2024
Restricted
12,430,312
01/17/2024
Unrestricted
24,666,581
01/17/2024
Held at DTC
23,106,800
01/17/2024

Like I said, he fought them in court over it's history.

I will. But not today. Do you have the court and case number? TIA.

That, however, is not the question of the moment. He's made disclosure to OTC Markets saying the company has never had trading suspended by the SEC.

That is not true.

Like I said, he fought them in court over it's history. Do you really think Igwealor didn't know lol He had to know because the old management tried to claim shares that they issued illegally. Go read the custodial hearing minutes.

The company's past is part of its history. And Igwealor needs to be informed and knowledgeable about that history.

That is the way corporate law works.

Igwealor seems to think custodianships are a way to easy money. But he's gone on to lie in disclosures made to OTC Markets.

And doing that is just stupid.

Why don't you post the custodial hearings which took place long after that. Again,, Igwealor had nothing to do with the companies past.

That's why Igwealor was a lie to take custodian ship.. Igwealor has nothing to do with all that lol

Stupid? Yes, indeed you are. You know very little about any of this.

Stupid. Like if I buy a car from a race car driver I now have the skills of that race car driver and perform behind the wheel in the same manner. A shell is just a vehicle to take a business public.

Well you have a choice then - no make that 2: stop yourself or get a job at the SEC

Yes. It's a Pink Current shell that's lying in its OTC Markets disclosures about never having been suspended by the SEC, as I demonstrated a little while ago.

And the former CEO was eventually criminally charged along with one or more family members. they were career crooks.

But naturally all of that should be overlooked so you can make a buck without having to bother to do even minimal research.

Of course it's the real reason. It was quite the little criminal enterprise. Oddly enough, I believe criminal enterprises should be stopped in their tracks.

This shell should have been killed by FINRA years ago as an inactive security.

Currently $MTEI is pinkcurent shell with a marctcap under $150k

Ok I'll bite. It seems stupid to to say this shell needs a vicious take down because in the 90’s it was used for a huge scam. I doubt if that is the real reason.

You'll find a great deal of information about the company's past here:

https://www.siliconinvestor.com/subject.aspx?subjectid=21501

Enjoy!

Q is filed.

Not a 10-Q. Seems Igwealor would like for people to think MTEI is an SEC registrant; he uses all the SEC's terminology: "10-K", "10-Q", "8-K" and so on.

Don't be fooled. It's never filed anything at all with the SEC. Not now, and not at any time in the past.

I'm afraid you're about to bite off more than you can chew, Pinky. But please... be my guest.

This shell needs a vicious take down because in the 90’s it was used for a huge scam. I doubt if that is the real reason. Sounds stupid.

A "vicious takedown" is exactly what it needs. MTEI was a huge scam back in the late '90s. Contrary to what Mr Igwealor says in his OTC Markets disclosure, it was suspended by the SEC. The crooks running the show were eventually litigated by the SEC. The list of enforcement actions is a long one.

The story was in many ways absolutely hilarious. Here's part of it:

https://money.cnn.com/magazines/fortune/fortune_archive/1998/10/26/250019/index.htm

Miserable formatting, but the internet was in its infancy.

Vicious takedown and a beautiful paint job....

MTEI Pink Current, AS: 200M, OS: 37M, US: 24M

Profile is now Verified

MTEI release the 8Ks/Prs

I’m ready. $MTEI $$

$MTEI

0.0390
(https://www.tradingview.com/symbols/MTEI/?offer_id=10&aff_id=29379)Pink Current, AS: 200M, OS: 37M, US: 24M

Shell Badge Removed

Chart (https://www.tradingview.com/symbols/MTEI/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/MTEI/security), Twitter (https://twitter.com/search?q=$MTEI&src=typed_query), @otcupdates

Update: 2023-03-28 13:57:16 (UTC)

Very little info. Website?

$MTEI

0.0585
(https://www.tradingview.com/symbols/MTEI/?offer_id=10&aff_id=29379)Pink Current, AS: 200M, OS: 37M, US: 24M

Outstanding Shares Updated:
old 27,096,893 (2023-01-02)
new 37,096,893 (2023-01-03)
Difference: +36.9% (+10M)

Restricted Shares Updated:
old 2,430,312 (2023-01-02)
new 12,430,312 (2023-01-03)
Difference: +411.5% (+10M)

Chart (https://www.tradingview.com/symbols/MTEI/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/MTEI/security), Twitter (https://twitter.com/search?q=$MTEI&src=typed_query), @otcupdates

Update: 2023-01-04 01:58:06 (UTC)