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

To: wonk who wrote (476)	6/2/1998 9:16:00 PM
From: david travis	Read Replies (1) \| Respond to of 3383

Mr. Wonk ???????? I read your post and will try and answer it to the best of my ability. 1 - I talked to the person that handles the WEB and was told he had to do it that way. If validity is a concern I can assure you they are authentic. The SEC is looking at this Board and what is going on here. Everything is being verified. Shelby and others have already been called and have affirmed their involvement. 2 - At the inception I put in all the funds to start the company, thus owned all the stock. Following the acquisition of the OX2 rights and the placement my family, associates and myself owned a total of approx 2.7% (that's two point seven %) 3 - As with any new venture the initial valuation was arbitrary. The answer to your second part is no. Having had discussions with various sources the numbers came back higher than I ever expected. If you want to read an interesting article, on 1/5/98 there was a front page article in the WALL STREET JOURNAL titled "Auto Industry Reaches Surprising Consensus: It Needs New Engines." This is only on the auto industry, the other markets may prove to be larger. Keep in mind from the first day I saw the OX2 I figured the auto industry to be the last one AENG would get to. As you are probably aware with EPA lurking in the background the smaller engine industry is being told to come into compliance. They have a more pressing need to find a solution and I viewed this as AENG's first markets. I never could have imagined that the situation with Shelby would have evolved regarding the autos. I still see the small engine area as our first markets, but with Shelby building two cars with engines I would imagine the auto markets may open up sooner than I thought. 4 - I would have to take a guess on that. I would say it is probably a fraction higher than before. I am only including the number of shares based on the same people as in question 2. If I were to include those that would be considered new "affiliates" that total % would be much higher. 5. The free-ups do not bother me at all. It seems like that happened so long ago it isn't even a thought. With those shares it still only leaves 2.5 million in the float. Look at the dates on those filings. Almost all of it was sold under the $2 range. When this first started trading none of those with $1 free trading stock wanted to sell. These shares helped maintain a somewhat stable initial market. The converse of that is that a lot of individual investors got the benefit of buying those shares below $2 a share. I have not heard one of those people complain about being able to buy those shares at those levels. So the shares got freed up, they are in the market and life goes on. Why, does that bother you? 6 - When you ask questions and don't assume I think we all will get along better. Someone already said the company was set up wrong. Believe me all the right moves will be made when the time comes. The company has some very senior level executives and attorney's advising them right now. You can be assured that the right steps will be taken so that shareholders receive the maximum benefit. Bet on one thing, those with the most shares and the most to lose are the big shareholders. They will get their rewards from stock performance. There are no big salaries, stock option plans, etc. I have my own private thoughts of where this stock will be in a year as do other large (majority) holders. The company will adjust in steps to reward the owners of the stock. 7 - I am not an advisor to AENG at this time. Currently I am a friend to and of AENG along with being a shareholder like some of the rest of you, with a lot more money into this than probably anybody else. I believe 100% in the OX2 engine and know my investment will be worth a lot more in the long term. As my firm is a market maker that's a whole different arena. Trading handles that on a day to day basis. 8 - The RICO action is real. After a cursory review of the posts I supplied them with yesterday they assure me we have a cause for action. I would like it to be under the RICO statute and believe it can be proven that there are several parties working together on this matter, not conducting their actions as separate entities. I believe based on links I have discovered this can be proved, the attorney's say wait and see. As for who this may involve I will let the attorney's decide that. I will assure you that discussions on the pro's and cons of the OX2 or AENG are hardly grounds to base an action on. Those that I want named are the individuals that have lied and slandered me, my family, my firm and associates. As for AENG and Mr. Bailey I have offered to put up the funds, as a loan, to cover their legal expenses so that they may also seek restitution. Honest discussion and legitimate opinions on either side will have nothing to worry about. I hope this answers your questions. Tonight for a change I am going to watch the beautiful sunset over the Rocky Mtns. from a location other than my "air conditioned" ivory tower office window. I have a post addressing the foolish petty bit of story writing by some aspiring cub scribe. It's quite good I will assure you. But not tonight. I'll try and get it up before the weekend. HEY Goldy, are you sure you don't want to reconsider taking me up on my contest in REPLY 329? Now can anyone figure out why Goldy wouldn't join the contest? Your friend in love and war, David Travis