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Technology Stocks : Advanced Engine Technologies (AENG)
AENG 0.00010000.0%Dec 5 9:30 AM EST
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To: Sword who wrote (2788)1/30/1999 10:57:00 AM
From: cornbread  Read Replies (1) of 3383
 
But if it ever generates revenue, it seems that the shareholders wouldn't see any of it according to your analysis. I believe you. Why believe Auric? Its your prerogative to believe whom ever or what ever you desire. I have found Auric's analysis to be flawed and incorrect, my opinion of course. I try to back up my opinions with reasons and facts. I do not advocate that anyone purchases the stock based on any thing written on SI. Do your own research. As for the profit issue

sec.gov

<……………… snip …………………>

In October 1996, the Company entered into a contract with OX2
(Distributions) Ltd. (OX2) whereby the Company acquired the rights to
manufacture, distribute and market the OX2 combustion engine in the United
States, Canada and Mexico for the life of the world wide patent the
Company is also to pay a royalty of 15 percent of the gross proceeds of its
revenue in its territory and 75 percent for sales outside the territory.

<………………snip…………………>

85 % of gross proceeds goes to AENG (US).

Again let me reiterate that you can believe what ever you desire. I have no ill will for those who disagree with my position on AENG. I do take exception to the attempts to discredit the company with bogus misleading statements.
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