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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?


To: NoGuano who wrote (5500)12/12/1998 1:06:00 PM
From: StockDung  Respond to of 6464
 
VIVA LA JOE

Article in the Los Angeles Daily News, March 18, 1998

Financial reports cast doubt on BAT's future

by Ben Sullivan
Daily News Staff Writer

Burbank --- Automotive engineering specialist BAT International opened its books for the first time Tuesday, revealing a company in debt and whose auditor questions its near-time viability.

But management of the tiny firm, whose volatile share price has grabbed national headlines in recent months, said significant revenues are on the way.

"We're going from a research and development company to a revenue-generating company. but I can't do it overnight," BAT CEO Joseph LaStella said.

For the year ended Dec. 31, BAT and its seven subsidiaries had a net
loss of $140,015, or 2 cents a diluted share, with no sales, according to the figures posted on BAT's World Wide Web site.

The company had assets of $211,559 and liabilities of $375,736, including $78,000 in delinquent payroll taxes and $38,300 in business taxes. BAT spent $612,000 on research and development last year, according to the report.

In a summary attached to the financial statement, BAT's auditor, Santa
Moinca-based Josephson and Stonefield Certified Public Accountants,
says the firm plans to use its reputation and technology to attract new
sources of financing, and eventually expects to receive royalties on products that use its various energy technologies.

But so far, the auditor wrote, BAT has depended upon cash infusions from another firm, also headed by LaStella, raising "significant doubt as to the company's ability to continue as a going concern."

LaStella said not only will BAT continue, but should by year's end be
generating 50 cents to 60 cents a share in annual earnings, or $30
million to $36 million. LaStella said he could not reveal what deals
would generate that income.

In related news, BAT announced the creation of a new subsidiary Tuesday to market its engine technology to the power-generation industry. Southern States Power Co., Inc. is being funded with $1
million raised in a private placement.

BAT gained national attention earlier this year when its share price zoomed from 8 cents to more than $3 based upon company reports that it had developed a new engine technology that allows a car to
travel up to 100 miles on a single gallon of fuel. The company's share price has since fallen to the $1 range, and closed Tuesday down 17
cents to 93 cents.
 



To: NoGuano who wrote (5500)12/12/1998 1:09:00 PM
From: StockDung  Respond to of 6464
 
Then Nogoono did post those FAQ's with permission from Wobby.

INSIDER INFORMATION
Relevant information about a company that has not yet been made public. It is illegal for holders of this information to make trades based on it, however received.

Subject: Just to let everyone know
Date: Fri, Oct 30, 1998 05:26 EST
From: Wobbydobby
Message-id: <19981030052610.04722.00001028@ng79.aol.com>

To the posters of this board. You can see that these bashers are more concerned about what I a doing than the actual business at hand. I am not going to respond to any of their BS or IMO should anyone. A investment syndicator in my profile, Business Consultant in my profile. MY PROFILE. I have one. Where is yours? I also am not hiding from anyone nor should I. I watch the board. I have tried to help the board by
going
out of my way in getting answers from bat and posting them. I am and will be a bat supporter regardless of what you bashers say. I will no longer feed this board of bashers or any other Board with information to defend bat on what you have to say. I have tried, but the problem is that anything said or clarified or posted is a fuel for your disgusting flames of misdirected self satisfying disgustingly rude responses. Not once has a post from
the con
side of this board been genuinely inquisitive. Just rubbish. I will be here. I am not hiding. I just don't want to take the time to respond to anonymous Bashers. I am still here and will discuss Bat with persons or investors that are genuinely seeking to exchange information or thoughts on Bat.

wobdob



To: NoGuano who wrote (5500)12/12/1998 1:22:00 PM
From: StockDung  Respond to of 6464
 
So where is the instant cash?

Prototype power-generating units are presently being assembled at the CALSTART facility in Burbank. These generating units are easily assembled and converted to Pulse Charge technology and are like big cash registers after completion. Just connect them to the electric grid system and turn them on. Instant cash flow.
=================

lol

floyd



To: NoGuano who wrote (5500)12/12/1998 2:25:00 PM
From: StockDung  Read Replies (1) | Respond to of 6464
 
If you think I am making up the aluminum magnet. here is the link.

archive1.sltrib.com{5A9C}&recordswithhits=on&softpage=Browse_Frame_Pg&wordsaroundhits=3

A few other stories can also be found here.
Joe LaStella a regular P.T. Barnum

floyd