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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air
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To: Gutterball who wrote (1525)2/12/1998 6:15:00 PM
From: taLuis  Read Replies (1) of 6464
 
I completely agree. I've had the misfortune of being in a similar situation with another BB stock. They were found to be (#2) selling unregistered stock, and (#4) hyping the stock in press releases. That stock was halted by the SEC and has not been trading on NASDAQ BB for nearly a year. It is trading in the Pink Sheets, however, at a major discount. I'm holding until they get back on their feet. Someday soon I hope.

With BAAT, #1 (filing with the SEC) will be taken care of shortly according to the president, #2 is an allegation. We do not know it to be true. However, #4, "hyping the stock in press releases" sends up a red flag to the SEC like nothing else.

I would not be surprised the SEC follows up on this in some way. Possible suspension of trading until a number of questions are answered. If nothing else, this high volume over these number of days, and the many press releases, involvement in chat rooms should be enough to justify an SEC inquiry. I'm surprised the SEC hasn't halted trading already.

If I were the president I would do just as you suggest: stick to driving the car and striking deals that produce revenue. Use press releases judiciously, and forget about the ups and downs of the stock market. And, above all, NEVER EVER give any hint of hyping the stock.

Luis
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