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Gold/Mining/Energy : Energy Biosystem Corp NASDAQ-ENBC
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To: Terry Lyon who wrote (131)3/8/1998 1:45:00 PM
From: EAGLE-EYE  Read Replies (1) of 336
 
Hiya Terry, no problem in posting my response on the RNTK board. Scott did have some valid items which he mentioned.

Specifically;

1) ENBC has been entrenched in research with no payoff $$$.

This is absolutely true. Companies like ENBC and RNTK must
be viewed like a Bio-Tech company. The funds in the bank
will continue to burn and churn....until it hits payday.
ENBC has spent a lot of time and money "digging for oil".
Some folks might say they should have given up since the
digging only produced some visible "drops"....not good enuf
to be a money making business. However, one must ask the
question....how much will this stock be worth if this single
digging turns out to be a herculean gusher? As a matter of
fact, what if the entire neighborhood is "ripe" for additional
oil wells? ENBC's technology has been recognized by the Dept. of
Energy and some of the largest Oil Companies in America.
The drips of oil has finally grown to a spillage. The gusher
will happen very very soon. Once the "industry" recognizes
this as a commercially viable solution....the Gush will happen.
This will happen only when the first customer signs with $$$
commitment.

2) Scott's second concern was ENBC was only producing 4 barrels a
day. Needless to say, this is for TEST purposes only. The
REAL project will have hardware which will be able to produce
a Minimum of 5,000 barrels a day! This is their low end model!
Keep in mind they will also get $$$ to build this monster and for
consultation. After each one of these babies get built....this
bio-tech look will change skins. Instead, you can view it as
a life insurance company....a guaranteed annuity.


3) ENBC is currently in serious discussions with a second oil
refinery in Saudi Arabia. If this goes well, it will make
the upcoming agreement with Petro look like a "rounding error".

4) After reading the latest filings of RNTK, the dilution plans
for the stock scares me! Simple as that. It just does not
sound "kosher".

Hope this helps, feel free to post. Good luck to all ENBC and RNTK holders.

Eagle-Eye
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