Never have I seen so many gang up on one! That Dan guy is taking quite a pounding, can he hang on?
Now for all the new comers to the thread. Let me restate the issues. Bat has just completed a road test of it pulse engine technology--getting 94.5 mpg. Its stock has gone from 8 cents to $3.24 in less than two months, but has fallen back to 70 cents on the news of an SEC investigation. Many of you are wondering how come BAAT stock has suffered so this past week and have come here looking answers.
USA Today broke the story with allegations that BAT has been 1) selling unregistered stock, 2) BAT has not filed with the SEC, and 3) possible delisting. Another issue mentioned was that Ole Joe, as he is affectionately called, likes to hype his company in press releases and internet chat rooms. Which is why some of you have bought into BAT and are now wondering what you got into.
Many of you are holding long, and some of my friends here only want to hear GO BAAT!! In contrast, I have stood firm and asked the tough questions. At their dismay, I'm not getting any help from my friends because they do not want to know the answers. It is easier to get mad at me than BAT--doing otherwise means admitting their own short comings.
Presently, the discussion is focusing on insider trading, selling unregistered BAAT stock, and another one I have brought up, Is Joe the man to lead BAT into the 21st Century. These issues are sometimes hard to discern from the thread because they are buried in a multitude of attacks on me for having raised them. As shareholders, I would think these allegations brought to us by USA Today are worth consideration.
I'm trying to investigate these allegations, in order to lessen the surprise of any bad news if it does come. In other words, establish a likelihood, one way or the other, which way the cards will fall. Unfortunately, this requires taking a hard look and some of my friends here are not prepared to do that. As a result, I'm left to do the dirty work myself.
You would think that if someone raises allegations, you would want to look into them. One fact known, is that BAT is out of compliance with the SEC by not filing.
Now, I turn to the issue of selling unregistered stock. I have looked back over this thread, which everyone is free to do and have found this post,
Message 2388961
Ole Joe recently stated that current shares outstanding are about 69 million. This post of 10/97 states 62,819,176 million shrs were outstanding. Granted, we do not know when (date) this was the case, but because it is recent common knowledge and given the no filing record with the SEC it suggests this allegations merits consideration. Fortunately for us, this is one of the things the SEC is checking up on. |
