Liqplmber,
<AENG has an engine that works with 3 moving parts, less pollution, lower tempratures on the exhaust with similiar power to the 350 ci commonly used today.>
Be honest with yourself, forget you own this stock and think logically. All the major automotive companies are spending BILLIONS of dollars to come up with an engine (new engine, electric, hybrid, fuel cell, etc.) to power cars to make them run more efficiently and comply with coming laws. If what AENG had was for real, the automotive companies would be clamoring all over AENG to license the technology or more likely buy the company outright. It makes absolutely no sense that they have revolutionized the engine, yet NO ONE is interested.
<Most companies go public to get money for marketing and start up costs, they dont wait 20 years after being in business.>
You are right, most companies don't wait twenty years to go public. Most companies are founded on good idea, raise capital through private investors, then after proving the concept and business plan, then go back for round two of financing, then eventually public. Some companies have jumped public faster recently, but they are based on superior business plans, have a big need for capital, taken public and support by major firms, and are listed on NYSE or NASDAQ. (In the case of the internut stocks, the are going public simply because they are so hot and can raise a fortune.) That is opposed to AENG's route of raising $1 million through 504 and being traded on the bulletin board all before even having a business plan (and employees for that matter).
BTW, I have no control of what Auric does or says. In addition, I don't think he is lying.
Brent |
