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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp
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To: Juan Dominguez who wrote (214)2/21/1997 11:00:00 AM
From: Ritzy   of 1028
 
Dear Juan: Just got off the phone with a co-worker of Dr.Paul at Princeton, Dr. Paul will be in the afternoon I was told, he indicated that Dr Paul and a chemical engineer from Purdue were the two who originally created the ideas that are the core of Pure Energy. He indicated that it is his understanding that both men were refused an equity position after donating a lot of work, so don't look for Dr. Paul, who is working on several other patents at this time to work for PEC. He also indicated that Dr. Paul's lab is in a major fight with Princeton over the license situation, and that the future of the license agreement may be in doubt, he did not know the details, except to say that lawyers were involved. You seem to be in on all of the information put out by PEC, if Dr. Paul is no longer with them, who is leading them. Does the company have any scientificly trained people on board at this time? If so what are their backgrounds? I noticed that a Scott Dunlop spoke for PEC several days ago, who is he and how does he fit in? Is he an owner? How much? Do you really think that this could drive the stock to $50.00 or higher. I own over a thousand shares now, but I have not been happy with the recent performance. The compnay's actual performance never seems to match the hype. Reread some of the early releases and you will find that they say that Dr. Paul is a partner is the company, yet now he has no equity. Plus agreements were reported to exist with a company called Biofuel (name may be wrong) but this company has disappeared. How valuable could this fuel be if the patent hasn't been issued yet and others are working on the same fuel.
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