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

To: Richard L. Williams who wrote (940)	2/7/1998 12:17:00 PM
From: Fangorn	Read Replies (1) \| Respond to of 6464

Richard, A short overview of the short article In Barron's Preview section. TOTAL SKEPTICISM

To: Richard L. Williams who wrote (940)	2/7/1998 1:04:00 PM
From: Richard V Davis	Read Replies (2) \| Respond to of 6464

I just read the article. I have been following BAAT for about a year. I own a tiny amount of stock. I think that BAAT and Joe may have a case against Barron's for libel or slander or some mis-statement statute. The article quotes Joe as saying BAAT has "implied high level business relationships with Daimler-Benz, Volkswagon and Lockheed Martin, (he) alluded to a major distribution network in India and mentioned other media inquiries." The author goes on the talk about the fact that BAAT claims that BAAT's engine modifications are simple and non-high tech. The author is derisive and outrigth rude. The final section is critical of BAAT's IPO, IPO location and the fact that it has cumulative revenue of less than $ 200,000. He makes fun of the statement by Joe that BAAT is an R&D company. Final sentence is concerning this R&D statement: "Right. It's a good story, and he's sticking to it to the last drop". Obviouslly the author did not do one single instant of research on this article. He (or she) did not contact any of BAAT's venture partners. The quesiton of battery technology is glossed over although Joe apparently talked about them. Anyone have any connection at Barron's? I think they owe BAAT (and it's stockholders) an apology. Suggestions? I think a full page retraction/correction in Monday's NY Times and the WSJ is in order. Argh. I do not mind accurate reporting I hate stupidity with a forum. Rick

To: Richard L. Williams who wrote (940)	2/7/1998 1:19:00 PM
From: Gutterball	Respond to of 6464

Barrons? Sure, why not! Barron's doesn't know what to think about ole Joe. They would like to believe him when he drops names like Daimler-Benz, Volkswagen and Lockheed Martin and terms like 100 mpg but the track record isn't there. They are skeptical but Tuesday's test could do a lot to change all that. Barron's cite things like BAT Intl "went public in 1992 through a reverse merger (yellow flag)... and which after all this time has cumulative revenues of less than $200,000 (red flag)." One thing for sure, if Joe is right, he'll rock the boats of Toyota, Chrysler, General Motors, Nissan, and Honda. Bloomberg, has better information on BAT. Like at 1 3/4, BAT's 69 million shares had a market value of $121 million. Now consider BAT had a negative net worth of $229,000+ in its most recent audited financial statement, 12-31-96. It had no sales in 1996, lost $136,000+ and owed $71,000+ in delinquent 94 payroll taxes to the IRS. Revenues in 1997, according to ole Joe, were a few hunderd thousand dollars. But all of this is history. Recall the day when BAT traded 24+ million shares. According to Bloomberg, 9,775 trades were made with an average of 2,496 shares. That more than twice the number of trades in ATT and Exxon combined. It was also 20 times the three-month daily average for BAT. They also say, BAT is keeping its technology secret until it files for a patent. Truely, the stakes are high for BAT. Tuesday's trail is 100 mpg or BUST day for Joe and his crew. If they do well, then they will have the ear of the financial and auto worlds for a short period of time. Let's hope they can deal with it and make the best of it if they succeed. There will be a lot of people out there trying to "help them out" (double meaning here folks) of their patents and fortunes if they succeed.