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Technology Stocks : AER Energy Resources (AERN) -- Ignore unavailable to you. Want to Upgrade?


To: Steve Black who wrote (470)11/14/1997 1:16:00 PM
From: Larry Park  Respond to of 621
 
I read the filing and sold the remainder of my shares. Wish they were in my cash account vs. my IRA so I could get at least a bit of tax consideration for my losses.

I still can't figure out the Bass family influx of money into AERN....however I thought in reading something about AERN that one of the 'players' the had the last name of Rainwater. I can't recall where I saw this. If I really did see this I wonder if the person is related to Richard Rainwater the guy who invested or invests for the Bass family.

Anyone know?

Larry



To: Steve Black who wrote (470)11/15/1997 12:25:00 AM
From: Don Hess  Read Replies (1) | Respond to of 621
 
All -

The management letter beats the dead horse - if not signalling the end of the company, it surely marks the absolute end of the quite stale hype which floated AERN's boat a while back. Everything now, from the elusive mirage of OEM agreements to the never achieved goal of making the battery lighter while upping its rechargeability are gone, and it is back to the drawing board. Rather than finding a niche and making a product to fill it, AER seems to have a product it has put its development money behind, only to search in vain for an application.

A curious way to run a business, especially on public money.

- Don