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Gold/Mining/Energy : Energy Biosystem Corp NASDAQ-ENBC -- Ignore unavailable to you. Want to Upgrade?

To: Sector Investor who wrote (276)	2/8/2000 12:14:00 PM
From: C E D	Read Replies (1) \| Respond to of 336

Sector Investor, I have watched these guys before, you may remember them from MRVC, pounding away at what a dog the stock was and telling people how bad a buy it was at $15, only to find the price today at $76.5. It may be selfish, but I hope they greatly depress the price of ENBC by shorting. I bought at $5 and change and have sold, I would like to take another round trip. There may not be enough shares for them to borrow to get the price back to $5, but I am watching for a new entry. Regards, CED

To: Sector Investor who wrote (276)	2/8/2000 9:41:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 336

Sector Investor, I would like to inquire about your injuries.... Perhaps you would like to see just how much of a BFD taking sulphur out of petrochemicals is? Why not read the 22 page Polaris Capital report? It's obvious you just fell off a turnip truck - you OK? If you cared to do an ounce of DD on ENBC, you would have seen that the company is nothing but a 9 year string of failures... Just one rather significant example... The pilot plant ENBC was bragging about demo-ing their super "gee-whiz" oil de-stink process - it was shut down. HUH? WHY WOULD ANYONE SHUT DOWN A PILOT PLANT AND TERMINATE A RELATIONSHIP IF ENBC HAD SUCH SIGNIFICANT TECHNOLOGY? If ENBC's process was so darn promising - don't you think BAKER PETROLITE - the partner in that project, would have begged to continue working with them? Heck that partner saw all their secret "gee-wiz" technology first hand? But BAKER PETROLITE didn't elect to continue now did they? Gee - do you think BAKER PETROLITE is really just a bunch of idiots - maybe YOU know more than they do huh? Here's a tidbit on BAKER PETROLITE... Petrolite was acquired by Baker Hughes Incorporated ("Baker Hughes") in 1997 in connection with which it merged with Baker Hughes subsidiary Baker Performance Chemicals. Baker Hughes, which serves the worldwide petroleum and processing industries has annual revenues in excess of $3 billion. Instead of attempting to continue working with ENBC, they appear to have scrapped them off their shoe - like dog crap they stepped in while walking through the park. Here's the details... edgar-online.com BAKER PETROLITE CORPORATION. In March 1992, EBC entered into a collaboration agreement with Petrolite Corporation, now Baker Petrolite Corporation ("Petrolite"). EBC and Petrolite agreed to jointly develop EBC's BDS process and utilize emulsification and separations technologies and process chemicals developed by Petrolite, if needed. In connection with this collaboration, Petrolite agreed to provide the emulsification and separations equipment necessary for the storage, mixing, injection and delivery of biocatalysts and process chemicals used in the BDS process and to pay EBC $5.4 million during the first two years of the agreement for research and development. Petrolite also agreed to design and finance construction of the pilot plant and to provide service personnel to operate and service the BDS units on site at customer locations. In October 1996, EBC entered into an agreement with Petrolite providing EBC with the option to amend the terms of its strategic alliance with Petrolite. Under the agreement, EBC made an initial payment of $1 million to Petrolite in December 1996 in exchange for the option and the extension of Petrolite's obligations to provide operational and technical support for the pilot plant from September 1, 1996 through December 31, 1998. EBC elected not to exercise its option to reduce the percentage of site license fees and adjusted gross profit payable to Petrolite to 9.5% from 22%, in exchange for which EBC would have (i) assumed responsibility for servicing the BDS units on site at customer locations (ii) been required to pay Petrolite an additional $9 million in cash and (iii) been required to issue to Petrolite a warrant entitling Petrolite to purchase 19,841 shares of Common Stock at an exercise price of $50.40 per share. EBC instead elected on March 27, 1998 to terminate the agreement, effective March 27, 1999. EBC believes this will provide the greatest future benefits including competitive bidding by potential service alliance partners while still at a cost as low or lower that that provided by continuing the agreement. EBC is obligated to pay to Petrolite a decreasing royalty for twenty years from the effective date of the termination of the agreement. The royalty decreases from 22% to 3% in the first ten years following the effective termination of the agreement.