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

To: Jim Johnson who wrote (499)	1/23/1998 4:50:00 PM
From: KS	Read Replies (1) \| Respond to of 6464

here is the rest of the story! Sorry...had to split the log... <mick> Joe: Is it true that BAT is a Bahamas based company? If so, why? <JoeLaStel> mick: we are not a bahaama based company, we are registered in Utah. <mick> (I don't know where that rumor came from) <DavidCG> mick, I heard the same rumor...good to dispell it <Merik-> Joe: Does the company have debt, if so how much. And what do you anticipate EPS for the quarter recently ended? <JoeLaStel> merik: the company has almost no debt. we own all of our technology and most of it has been developed in house, by very deticated engineers and scientists (Including myself) over the past 5 years. <mick> Are there any plans for testing Dolphin with Cat or Cummins Desil truck engines? Would you anticipate similar results? <JoeLaStel> mick, Yes we do anticipate similar results and we are in discussions with diesel manufacturers. <cdaz> When do you anticipate the signing of you first liscensing agreement? <JoeLaStel> cdaz: It is hard to anticipate when the actual signing will take place, due to the red tape associated with large companies. Hopefully it will be soon. <mick> How has BAAT been financing its operations for the last severl years? and what is the relationship with its Subsid's? <JoeLaStel> mick: BAT has funded its operations through the sale of products- other smart investments, and internal support. <JoeLaStel> mick: BAT ownes positions in 7 subsid companies, these are all arms length aggreaments, and represent different ownerships in each of the companies. we also own 20% of Kummuro Corp. NA, who manufactures zinc air batteries that we used in our world breaking record events during 1997. <cdaz> 92.5 mpg during the lap test at the Californis track how much did the fuel injector hinder perfomance of engine and what will "knock the socks off the big 3?" MPG wise? <JoeLaStel> cdaz: we think we already knocked their socks off, and doing it again and a higher efficiency rate will only confirm its potential for those of the people who still may have any doubts. <cdaz> Anything potentially newsworthy before the Test in Feb? <JoeLaStel> cdaz: things are moving very fast in the company we will post all newsworthy items as they come in. <mick> Joe: Are you one of the founders of BAT? If not, how long have you been there? And could you give a very brief resume? <JoeLaStel> mick; Yes I am the founder of BAT and creator (directly or indirectly) of most of the technology. Briefly - I retired 20 years ago, at the age of 38, and I'm still 38. Beacuse of your question we have decided to include a brief resume in our web site in the near future. <DavidCG> Ok, let me change the subject to Patents...I know I have visited this before. I think people are curious about the downfalls of applying for a patent (s) on this technology. They want to know: How can you sell any licensing agreements to anyone if your product isn't patented? <JoeLaStel> david: Of course you can sell your product without patenting it- it is a standard practice in many industries , especially the chemical industry to never patents anything, and keep it as a trade secret For example: Coca-Cola. <DavidCG> In other words, why would a GM, or Renault, or any large auto maker deal with BAT without proof that there won't be litigation because someone like Mitsubishi or Orbital Engine has similar technology already pending... <DavidCG> Ok, what happens if some covert automaker spy finds out how the technology works today. Then applies for a patent...doesn't that set up long litigation? (remember the famous delayed windsheild wiper lawsuit?) <JoeLaStel> David: basically you are wrong. The file date has nothing to do with patent rights, other more importaint dates include concept, reduction of practice confirmation by other proffesionals, submission to patent attorneys, and many other factors. <JoeLaStel> filing dates virtually mean nothing. <DavidCG> If you can ease the minds of investors as to the patent issue...I think you will see less skeptism. <DavidCG> I guess, as an investor, I don't want to hear how BAT is in 10 different lawsuits in the future over this technology. And any steps that eliminate or reduce that possibilty would be nice to know. The Big 3 don't always play fair. <JoeLaStel> david: Nobody plays fair. And patents only give you the right to sue. If you look at history of patent lawsuits, they usually settled 10-20 years after the initial suit and require multi-millions of dollars in attorney fees believe me we know what we're doing. <DavidCG> Ok, Joe, I'll trust you on this one! <stockhold> We are new shareholders as of today - how's the test of the pulse charge technology coming along? <JoeLaStel> stockhold: the pulse charge technology has been long proven, in house, and many engines have been built and tested. However like everything else there is always room for improvement. <Merik-> Thank you. Can you give us a brief summary of the company goals for the next year or so? <JoeLaStel> merik: quite frankly we intend to sell several licenses at a very high price and the in house goals are to produce an advanced automobile utilizing out pulse charge technology (Stay tuned). <JoeLaStel> mick: It is presently under construction, hopefully it sucks less now. We've been rushed, it will be world class soon. <DavidCG> I'm sure this must be a worry of yours as well. <Merik-> Joe: Are you in negotiations with any automakers worldwide and if so would you say your negotiations are in preliminary or advanced stages? <JoeLaStel> merik: Yes we are talking to automakers, and Yes we are in both preliminary AND advanced stages. <Merik-> Thank you. <JoeLaStel> 5 more minutes. Any more questions? <Merik-> Which national news agencies have been informed directly about the 2/10 demo? <JoeLaStel> merik: at least 50 national news agencies have been notified, and 5000 worldwide. <Merik-> BTW I like the term Demo much more than Test <cdaz> JOE if an automaker decided to use your technology... roughly how long till investors would know? for example FORD calls today and say ok ..how long till we know? <JoeLaStel> cdaz: It would be up to ford or any other automaker to make the announcement. large companies usually control that aspect of breaking news to the public. <cdaz> but that is a major announcement for you ? why wouldnt BAT put that out? <DavidCG> Alright, on to my next question that some investors worry/wonder about. The Yanmar engine. How many mpg does it without modifications? why use such a rare engine? some investors feel you are comparing apples to oranges with using a unleaded engine in the normal geo and a diesel modified yanmar in the other...why not yanmar diesels in both? one modified one not modified? <JoeLaStel> david: This is like a 5 part question.we intend to take the most asked questions from our 4 national sessions and answer them once and for alll on our web site. this would eliminate the need to answer the same questons over and over again. David, We've answered your last question several times in past sessions. <JoeLaStel> It requires a very long answer. <DavidCG> Ok, you can answer at a later time <DavidCG> Final question....if you have time Joe: How about having the VP of Calstart verify all test data in the next run. The public will see the Calstart VP as an unbiased engineer. <JoeLaStel> David: Calstart was invited to be a certifier at the last run, and they are being invited this time however I do not think they will do so, they do not have any technical people on their perminent staff. They may not want to get involved politically, contrary to the beliefe of many people calstart only brings other companies together, they are not a funding organization. <DavidCG> I see. Is there anyone in the US that every single automaker, newsreporter, etc..would consider an unbiased engineer? Like the EPA or some govt. agency? <JoeLaStel> Thank you all for you time and interest. Stay tuned to our internet presence www.angelfire.com/biz/baat etc... Please give us your email addresses if you'd like copies of signed attestments of test drivers <Merik-> Thank you for your time Joe. It's very much appreciated! <DavidCG> Thanks Joe! End of #bat buffer Fri Jan 23 11:09:27 1998