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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?

To: Lonnie who wrote (115)	5/13/1998 4:38:00 PM
From: Greg Cummings	Respond to of 3383

Yes, David Travis originally founded and funded AENG. He passed it to Murray Bailey and it was brought to the public through Patterson Travis Securities, owned by David Travis. Travis resigned from AENG and you can be sure the SEC knows all of this. Now, if you assume AENG is up to something shady because of this, you're making mountains out of mole hills. I've done some checking on Mr. Travis and his firm and many of the issues they've brought public have done very well..........ORTC, GTAX, MS, etc. Travis put his money in long before anyone else did and he stood to lose it all. If he wants to be a venture capitalist or entrepreneur with his money, more power to him. If he hadn't been involved, for all we know, the OX2 may still be sitting in a garage in Australia. The two directors of AENG are: Murray Bailey (the CEO) and George Hunt (not of silver fame). I have the bio on Mr. Hunt somewhere, but I can't locate it at the moment. I'll post as soon as it's found (it's got to be in one of the piles on my desk):-) The "(NASDAQ)" improper identification problem, on AENG's web site, was brought to AENG's attention and immediately corrected. You must remember, this is a new company and I have no question there have been oversights that will need correcting. This is one example and I'm glad someone caught it. Good job! I have told you all I know about the patent situation. I don't know the number, but as the web site says, I expect AENG to pass all this along in a timely manner. By the way, the e-mail that I referred to in post-29 is now posted on AENG's web site. I seriously doubt that TACOM and the DOD would put up with this if the statements weren't accurate. Note the statement, "The......OX2 engine.........was so impressive to Army engineers that we are looking into the possibility of entering into a Cooperative Research & Development Agreement (or other contractual arrangement) with Advanced Engine Technologies (AET)." This, my friends, is after one visit. That says a great deal to me! To go to the web site where this is posted, click here and read points 1, 2 & 4 near the bottom of the page: oxtwo.com Hope this is helpful! Best of Luck, Greg