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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?

To: Susan who wrote (497)	1/23/1998 4:15:00 PM
From: KS	Read Replies (1) \| Respond to of 6464

To All... Chat with Joe LaStella today on mIRC...here is the log. I apologize in advance for the length, but I think info important and informative. #bat buffer saved on Fri Jan 23 11:09:27 1998 * Now talking in #bat <BAT> BAT has issued an outstanding aprroximately 69 million shares... <BAT> The active free trading float is approx. 25 to 26 million <Merik-> Are there any Reg S shares outstanding? <BAT> Merik-: No there isn't <RedBaron> Greetings...I don't recall this chat being posted anywhere...but it should be easier to ask questions! Hi Joe * RedBaron is now known as DavidCG <mick> I understand it is your goal to be listed on NASDAQ within the year. Would this involve a reverse stock split? or do you anticipate market cap growing enough to cover? <BAT> mick: We do not anticipate any reverse splits, and we are making ever effor to be on nasdaq this year, and we will be a fully reporting company- very soon. <mick> doesn't that involve $3 per share? <JoeLaStel> mick: The general consenus oppinion outside the company is that we will not have to reverse split the stock <DavidCG> Actually, who is answering questions today? Joe or Bill Fowler? <BAT> Joe Is answering questions today. * BAT is now known as JoeLaStel <DavidCG> Ok, Hi JOE. I heard there was a conference call with GM yesterday. Who initiated that conference call (BAT or GM) and can we get any details on the call? Will GM be attending the Feb 10th demo run? <JoeLaStel> David: No Comment, Yet. <DavidCG> Joe, ok, 25 million float and 69 million outstanding...who owns the 45 million not in the float? <DavidCG> That is alot of restricted shares <DavidCG> And when will the restricted shares be available to the general market (or part of the float)? <JoeLaStel> David: These are controlled shares, mostly owned by insiders and long term investors, loyal to the company. <JoeLaStel> David: There cannot be a hostile takeover of the company. <JoeLaStel> as long as the insiders refuse to sell we will not be taken over by any company <DavidCG> Ok, so you are using the restricted shares as guarantee of no hostile takeover <JoeLaStel> David: Yes. <DavidCG> Joe, are these insider shares restricted to a certain "date" before than can sell them on the open market. Or is it your relationship with these insiders that lets you know that they wont sell <DavidCG> Usually, restricted shares have a "date" at which they are able to sell shares to the open market. If the insiders are allowed to sell them to the open market at this moment, technically, that is float. <JoeLaStel> David: We do not anticipate insiders selling the stock for a quick profit. they are long term players and loyal. <DavidCG> Ok, I fully understand that. But do they have the ability to sell inside shares as of today, should they choose? <DavidCG> The 'ability' to sell now is my point, not if they will or not -I realize most long term investors are looking for a higher price to take profits <DavidCG> however, we just had a 400% runnup in stock and I can see anyone, even insiders sell on a 400% increase in value <DavidCG> if those stocks aren't restricted <JoeLaStel> david: we had a 400% runup from our all time low- not from our yearly avg. of 1997, or 1996, or 1995 <JoeLaStel> The active float does not include any insiders that have mature stock. <JoeLaStel> David: Yes many of the insiders could sell thier shares today. <JoeLaStel> But they have chosen not to, for obvious reasons. <DavidCG> Right. Then how do you define float? (or keep track) by asking your insiders on a weekly basis who/if anyone is selling their shares and at what point they are doing so? <DavidCG> Let me not imply float is necessarily a bad thing, many funds won't even look to add a stock unless it has a large enough float or outstanding shares <JoeLaStel> david: Right now I think I'm keeping in contact with the whole world on a weekly basis. <DavidCG> hahahaha...Keep up the good work Joe! <DavidCG> I was just curious how you update your own numbers on float vs outstanding shares <JoeLaStel> david: we do not know the exact # of the float, only the approx. Most of the stock is kept in street names at the depository trust in New York, last count was well over 20 million shares at a depository trust. thanks REDBARON for the log** Kay