To: Joey Two-Cents who wrote (10341 ) 6/19/1998 11:55:00 PM From: White Shoes Read Replies (3) | Respond to of 18691
Anyone following AENG? I can't believe the luck. This one is a beauty, short to $1 (currently $17 5/8). On the BB though maybe tough to short. How's this for hype? From a press release on May 22: Hybrid electric vehicles use a combination of an internal combustion engine with an electric motor to power the vehicle. The company has not concentrated on approaching the major automobile manufacturers such as General Motors (NYSE:GM - news) and Chrysler (NYSE:C - news) according to Chief Executive Officer Murray Bailey. ''New technologies from outside sources are met with resistance there,'' said Bailey. ''There are many, many applications for internal combustion engines for which the OX-2 engine is well suited,'' said Bailey, ''including automobiles, marine, aviation and standing engines. Once the emissions and design superiorities of the OX-2 are recognized by the Big Three, we are confident they will sit down with us.'' Last week, the company announced the U.S. Army has agreed to a research and development effort to develop the OX-2 engine for use in tanks. Funny, their promoter then released a "correction" saying that the army has agreed to "consider" an R&D effort. Where have we seen this before? By the way, if you were wondering whether this press release would show up for anyone who had GM or Chrysler in their Yahoo portfolio, because they mention that "they have NOT talked to big automakers like GM or Chrysler" ...the answer is yes. Anyone with GM or Chrysler in their portfolio would have seen AENG's hype. Same goes for Ford. They found a way to work that into another part of the PR. I understand the CEO is a promoter extraordinaire from Australia. AENG is valued at $340 million today. That is correct, $340 mil for a bulletin board stock. Apparently only 2 million float, total 21 million shares out. Mabe cOUSIN SHORTY can xplain how all this wrOKs?!!!!?!!