great posts in baat history
To: The Rookie (1475 )
From: Dan Meckenstock Thursday, Feb 12 1998 5:16PM ET
Reply # of 4688
I've read Joe's rebuttal to Stock Detective, but Ole Joe just doesn't
get it! Sure, Joe says the technology is there and is sound, but that is
not the issue. The things killing BAAT have been best addressed, or
should I say pointed out, in USA Today. The most important being,
1 Filing with the SEC
2 Selling unregistered BAAT stock
3 Possible NASDAQ delisting for the above transgressions
4 Hyping BAT in press releases and internet chat sessions
Joe really needs to come out and answer 1-3 and stop doing 4. I was
willing to give him the benefit of the doubt on 4 but not after today.
His latest PR, "Misinformation from internet and news media can hurt
little investors" was a blatant attempt to influence the price of BAAT
and worse yet was done while the market was open. Everyone on the Yahoo
thread knew about the pending release before it was out and subsequently
free to trade on the information, thus exacerbating the problem he
sought to resolve. And Joe wonders why the "little guy" is taking it in
the shorts!
Joe should be real careful with what he says about BAT and how he says
it. He has used chat lines to entice investors with ideas that big
things are on the horizon. A good example is in todays PR when he
announces, "BAT will soon sign a joint-venture agreement that will put
BAT in the power-generating business". Funny how this little blurp
transformed talk on the thread from mpg to watts per hour without
skipping a beat. What idiots! Everybody is an expert on everything.
What the Bat Out of Hell does the comment on the joint venture mean?
There is no way to evaluate that kind information--put a value on it.
This kind of information should be disclosed in a press release that
gives more information about the companies involved and their scope of
work. As it is, that tidbit lifted price from 65 cents to 95 cents or 30
cents today. On 69 million shares that's about $21 million dollars in
market cap. This had better be one Bat Out of Hell deal or are we
talking more along the lines of selling 55 electric cars to a dealer in
Barbados--The Caribbean connection.
I can sympathize with everyone's concern about BAAT's price, but this
kind of misdirection isn't going to sustain price and will eventually
hurt the company. I say misdirection, because Joe really needs to
answers questions 1, 2, and 3 above and stop doing #4. This is the real
problem BAT is facing. The technology will take care of itself.
RECAP: Joe should stick to driving his car and not the price of BAT
stock.
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