To: daveG who wrote (1828 ) 2/16/1998 3:35:00 PM From: Gutterball Read Replies (1) | Respond to of 6464
Be glad the SEC subpoena story got out before others got hurt. As I understand it, ole Joe talked to USA Today via telephone. Many here believe its time USA Today hype the technology and and forget the SEC. What they don't understand is that the SEC is the story. Once the air is cleared and BAT is absolved, then many news worthy organizations will make themselves available to feature BAT's pulse charge engine. As it is, nobody wants to risk their reputation while there is a cloud over BAT, except maybe someone long on BAAT. And of course they are hard to find unless you visit a pit (strike that, I meant "thread") like this. On your second comment, I doubt the SEC will halt trading of BAAT on Tues. one day before the deadline. And it is uncertain if the SEC will halt trading of BAAT at all. However, if Joe does not give them everything they want on Wed., then he has provided them with cause and if they wanted could halt trading for 10 days or longer. Which is sometimes done as a warning to investors. With that said, I don't know what the SEC will do concerning BAAT, that's the confidential part of the investigation. We'll just have to wait and see how thing shake out. RECAP: Although I have said halting trading of BAAT is a possibility, I have not said it will happen. I just want people to consider this possibility in their trading strategy as many will be speculating on the outcome of the SEC investigation, one way or the other. Those "out" believe BAAT could be hurt. Those "in" believe it will all blow away. And then there are those like Willy, who would sell at $3.00 without hesitation if only they had the chance. Read the thread and you will know which group everybody is in. Things are pretty well polarized for the moment.