To: Ravi Ratnam who wrote (1857 ) 2/17/1998 12:39:00 AM From: Richard L. Williams Respond to of 6464
Ravi: I agree with you about what's going on here. The drumbeat has been relentless. Consider: 1)Saturday 2/9/98--Barron's article is published with a very scathing analysis of BAAT. The company's claims for its car are pooh-poohed and every possibly questionable issue is raised, with no proof offered. 2)The same day: The Stock Detective electronically publishes an article that goes even further than Barron's to criticise BAAT management. The Super Car is mentioned in passing, and only as "company lore.". 3)Monday, 2/11/98 USA Today publishes the first of what are now three articles which can do nothing but destroy the reader's faith in BAAT company management. Even after the test on 2/10/98, USA Today (to my knowledge) does not mention what BAAT may have in a positive light. 4)Also on 2/11, BAAT is served with a subpoena from the SEC for information to enable a major SEC probe of the company. Strangely enough, this information, which is supposed to be confidential, is leaked to the press one or two days later. Where is the coverage of the story on what BAAT achieved with its car? It's out there, but is being buried under a blizzard of innuendo and accusations. I don't subscribe to conspiracy theories as a general rule, and I believe that our friendly MM's acted toward this stock as they do towards any other hot penny...but the unrelenting, one-sided attacks on BAAT suggest orchestration to me. One hammer blow after another designed to chop BAAT off at the knees. Which of course, begs the question: If such a thing is happening, who would have the motivation to do such a thing? Take your pick: The Big Three, peeved at being outdone by a tiny, upstart outfit? Big Oil, out to protect sales? I have my guess. But sadly, I have come to this conclusion: Somebody about 300 posts back likened what is happening to BAAT as a bug hitting a windshield. It's true. And the fact of the matter, when that happens, it doesn't matter if the bug is a fighter, brave and true to its cause, willing to take on all comers, because **WHAM !!** , that bug is dead, folks, just as sure as the wimpy bug two centimeters down, just above the wiper blade. Oh, I forget...USA Today and the SEC are just out to protect our interests. My heart is warmed to its very cockles by their intent concern in this case. Go BAAT! Rick