To: don roberson who wrote (1607 ) 2/13/1998 2:12:00 PM From: S.C. Barnard Read Replies (3) | Respond to of 6464
From Yahoo: Subj: Phone call to BAT at 1:00 eatern Fri 13th...... By: kloock_7 Date: Feb 13 1998 10:56 A.M PST Reply To: Msg. 1 by Mikedek I talked with David of BAT at length about our pressing questions. Here are the questions and answers: - What state is BAT incorporated? Burbank, CA. - Were they dissolved in Utah? No, BAT left Utah to pursue electric car research at CalStart. That was where the best research area existed and electric car research is dominant in Burbank, CA. - Why has BAT not had recent releases on Dow Wire. BAT has no control over the Dow Wire. The Dow Wire picks information that they feel is relevant to news. David said that the Dow Wire is like a members only resort. They will send out information as it interests them. - Are there any news releases coming out soon? Yes. David is waiting on Joe to give content and the word to send them. The first one will contain confirmation from Ford on the dyno testing. They are still working on the arrangements of this test. BAT does not want to publish releases that are not substantial. They will not publish releases just to bolster the price of the stock. - When will USA Today print the article? USA Today may be sending out a photographer to BAT today. That is only a possibility. USA Today is doing due diligence this time. With that we are not sure when the article will come out but it it likely on Monday (if they print on President's day or Tuesday). - Are you aware of the article in the LA Times about the SEC and what is going on with that? Yes, they are aware of the article in the LA Times. They are shocked that this information was made public. David quoted me the letter that SEC sent them and I quote: "This inquiry is confidential and should not be construed as an indication by the comission or its staff that any violation of the law has occurred, nor is a reflection upon any person, entity, or security." They are already having financials audited and will be released as previously stated. They will comply with SEC if it comes to that. The SEC has become interested because of the tremendous amount of volume of shares traded in the past two weeks. We had more discussion of the SEC, internet and such. The SEC is researching the internet, BAT's involvement, and our postings. BAT has been present only when it publishes on its web site that it will be present. The impersonators are under scrutiny. BAT cannot pursue legal action against the impersonators and flamers on the internet, it would be far to time consuming. That will be up to the SEC to investigate. - Are there any licenses under way? BAT has licenses to use Dolphin technology in power generation in five states. The prime concern for the public is to get the engine in a car and sell it. They are working on this with the testing to satisfy Ford and other negotiations. David also said that this media attention has diverted their attention from their goal of continuing to prove this technology but they will work with satisfying the media and answering any charges against BAT. They will also not be diverted from their primary focus of getting this technology to the market. That was all the time we had. I hope this helps. Sincerely, Kent Kloock