BAAT is getting shredded today. I believe the article in USA Today did it in. Two things mentioned, OK maybe three, that alerted investors in the know to sell their positions. These were: 1) No SEC filings, 2) Possible delisting, 3) ole Joe selling unregistered stock. Any one of these is enough to cause a downdraft by itself. All three of these together has hit BAAT hard.
I known many who visit this thread are for ole Joe and his BAT out of Hell SUPPER CAR, but Joe has brought some of this on himself. Consider, Joe has been announcing these mileage trials since December, maybe November of last year. He knew what the BAT Out Of Hell SUPER CAR was capable of and I'm sure he was hoping it would drive BAAT price up a little. Had ole Joe been more proactive, he would have had his ducks in a row with regard to the SEC. We should be moving up now instead of getting rheemed by the SEC pile driver.
In short, ole Joe appears to be a man with little lateral vision. Now, before all you guys start jumping all over me, I have a question for you before you get back to chatting with ole Joe at the BATcave soon to start smelling like the BATroom. If ole Joe is spending all his time on chat lines, writing press releases, or playing with his toys, who's closing those mega contracts we've been told are around the corner?
RECAP, It appears the SEC is pissing in the BAT tent, but remember, the SEC is there to protect investors--like you and me. The technology is promising but Joe needs to get his house in order before you are going to see much out of BAAT. Don't blame the MM or day traders, they are just taking advantage of a situation ole Joe created by doing nothing. With this great mileage test, BAAT was poised to take off, but he forgot to lay the ground work. Sorry if this hurts some feelings, but that's how I see it. |
