To: wonk who wrote (357 ) 5/30/1998 2:49:00 AM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 3383
Bond: Do you expect me to talk? Goldfinger. No Mr. Bond, I expect you to die. Thank you wireless wonk for spending the time to go through the entire rope (it's not a thread anymore) and providing the clear evidence of Mr. Greg's deceitful nature. My words have been much maligned and very few have taken the time to sort the truth out. Obviously there are some interested parties on both sides of the coin. My view is what it is and I speak with market action. Should I have waited until the market cap got to $1 billion instead of $« a billion? With what must be by now less than $1 million in cash, no evidence of any patents, huge insider selling and a prior history of "pump and dump" by both Mr. Bailey (at least 2 prior companies as detailed in earlier posts) and Mr., TRAV who has done so many that one losses count (in my opinion), I just couldn't hold myself back. One never knows when these guys will fold up their tents and disappear in the dark of night. Re Mr. Shelby, one should read my posts before they come to the conclusion that I have doubted the man himself. I stated that "I can also say with personal knowledge that Carroll Shelby and crew may know the man, but have no idea how much Murray is abusing their name.(#281)" When I said this, I was speaking about the boiler room sales pitches regarding Mr. Shelby's involvement. If that was not contextually clear, I apologize. Granted that Mr. Shelby is a legend. He is a brilliant marketer and racer. He most assuredly is not a financier. He is a very capable man who has done much in his lifetime. He,if any of you know has better things to worry about than misquotes on this tread as he is not well. Therefore, leave the man alone! I defy any one of you to show me a company with a stock price over $5 per share that has a price to cash of 500 to one and has one employee and no patents (hell, I'll even take a biotech company). Or even a price to book of 500 to one. Say for examples sake that the engine is real. Then say that AENG gets real management (nothing personal Murray). Now say that they want the SAE (that's Society of Automotive Engineers, Greg) to independently verify HP, torque, CO, Nox and all of those other variables necessary to get customers and other things tied to reality. All this takes cash. Do a pro-forma financing calculation. If you were going to put $10 million in cash into this thing would you be willing to do it knowing that A) you'd own less than 5% and B) that it takes more like a $100 million just to get going? (ie you'd be diluted as much as the prior round). Anyone here ever heard of Rosen Motors, the hybrid engine company that threw in the towel after chewing through almost $100 million. Well let me tell you, the Rosen brothers have a combined IQ greater that a Wilson and they put up most of the dough. Ever heard of Sevin Rosen? Yes, that Rosen who was the venture investor who seed financed COMPAQ! Same guy. The point is, boys and girls, even if Murray had what he said he does, you would all get diluted beyond belief! And guess what, he would have a real investment banking firm! One that published research reports that didn't allow insiders to sell the stock while they were touting it. Do the math! It doesn't add up at all. Forget about hoping wishing and praying. You guys need to get a dose of reality. If this thing is so great, why has TRAV, the great pump and dump behind this stock (in my opinion) not published a research report? This is a big question. Even TBDRF, which has no street investment banking relationships to speak of, has at least had several good reports written about it. Not only that, but its CEO, Walter Warre, is willing and able to hold his own in a room full of knowledgeable investors and analysts. As one who preys upon this type of fraud, I can say that there is a time to get involved or you miss the boat entirely. Remember that this is a bull market. It is much easier for me to lose in this type of environment if I don't have my story right. In this case, it seems pretty clear that I do and the price decline coupled with the volume dry up gives me more conviction. Having seen these characters do it several times before, one gets the confidence to hit the bid some more. PS: Greg do you know what the 3rd derivative of distance with respect to time is? It's the JERK! See, you learn something every day.