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Technology Stocks : Advanced Engine Technologies (AENG)
AENG 0.00010000.0%Mar 7 3:00 PM EST

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To: RAY BARBER who wrote (779)6/15/1998 3:29:00 PM
From: Arthur Radley  Read Replies (1) of 3383
 
Ray,
It appears that you are offering a sincere and committed response to the thread, so I will try to give you an objective and sincere response to why I feel that AENG is not what it is projected to be:
You write:
1) Why would any company provide demonstrations and drawings to companies in the U.S. without patent protection:
Response: David Copperfield makes a multi-million dollar yearly income with mirages. The proof is letting some reputable research firm(and there are many)do an analyzes of the engine without AENG's direction or leadership in the testing. Do you not think that any major corporation would not do independent studies on the engine before they sign a contract. Why not get it done now, as surely this will be done before any contracts are signed. Ray, this is a simple business premise and I'm sure that even you wouldn't sign a contract without doing any independent due diligence on the engine.

2) You mention you friendship with the President of Outboard Marine and his positive response to the demo.
Response: If he was so impressed, why is he telling you this without his company having the lawyers to prepare contracts to lock up this engine from his competitors. Appears that he wasn't impressed enough to take this action, so why should others.

3) Why does anyone think that the company would automatically give patent numbers for others to look at.
Response: Ray this one is very simple to answer. It is how reputable companies handle patents everyday of their corporate being. Any company that doesn't share such information with their shareholders is not doing their job. For example: Look at Xoma Corporation(I own stock in the company) They issued a news release just today, announcing a newly issued patent. Ray, if you think the engine business is competitive, you need to look at the biotech industry and they don't seem to have any difficulty being open to their shareholders.

I could give you more, but I think this is enough. As for the $21.00 trade after the market closed on Friday, I can only hope for the sake of any shareholders that this isn't what it appears.
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