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

To: David C. Truong who wrote (1807)	2/16/1998 10:14:00 AM
From: Gutterball	Respond to of 6464

Considering the thread is awash with experts on BAT, thanks for asking. USA Today has front page headline on the Money section, "SEC investigates maker of fuel-sipping engine". It is not the news BAT was waiting for, no picture of the BAT Out of Hell Super Car and all that, just focused on the SEC investigation. Two new tidbits in the article that were not widely known, 1) it was a subpoena and 2) it was served 2/11/97. Subpoenas are usually served after requests have failed. Thus suggesting BAT is reluctant. Here's a URL to the SEC website, look under the the sub title Enforcement Division for more info about information about their investigation process. Another sub-section of interest is Insider Trading. It states, The Insider Trading Sanctions Act, signed into law on August 10, 1984, allows imposing fines up to three times the profit gained or loss avoided by use of material nonpublic information. sec.gov I wouldn't worry much about the technology side of BAT until the SEC is satisfied. You must agree, the SEC investigation should be taken seriously and not much will happen with BAT until this issue is cleared up. Someone has posted ole Joe won't get all the documents in by the deadline. Considering the SEC has requested these under subpoena, the courts are already involved and they will have cause to halt trading on BAAT if they see fit. Many on this thread are of the opinion that BAT's technology will carry the day. Let's hope that will be the case. But if BAT gets shut down by the SEC for fraud, a lot of good that technology will do them. It will just resurface some place else, si Dios quiere, and then you can start all over again.