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I think there are a lot of people that agree with me but don't want to admit it on this board!
Why not answer these questions from my post??
So tell me what did WE get for those 1,004,055 shares of the Common Stock??? Why was pwtc paying him to develop his own battery??? Why didn't he EVER say anything about who owned the patent when he was lining his pockets with our money?? Why??
He brought everyone to pwtc with his wonderful credentials about being the great inventor and sucked everyone into buying pwtc stock knowing all along that he owned it instead of pwtc. Do you not agree?
If Alvin owned the patent why was pwtc paying him a dime? What was his purpose other then to deceive the shareholders into buying MORE pwtc stock?
There is plenty of blame to go around. Balak is no angel!
IMO Snaper bit off more then he wanted when BJ come along!
Why should alvin have sayed? The patent didn't belong to pwtc so he claims??
To try and get more money from the shareholder before he bailed out maybe??
Peter. Yes I did get your email. Thank you
Peter if that is the case then Alvin Snaper deceived us into buying stock in a company that erroneously claimed ownership to that patent. Alvin if he wins the court case has used every person that ever bought pwtc stock to line his own pockets with money. The money came from Alvin Snaper selling his 1,004,055 shares of the Common Stock for well over 2.00 per share IMO.
So tell me what did WE get for those 1,004,055 shares of the Common Stock??? Why was pwtc paying him to develop his own battery??? Why didn't he EVER say anything about who owned the patent when he was lining his pockets with our money?? Why??
He brought everyone to pwtc with his wonderful credentials about being the great inventor and sucked everyone into buying pwtc stock knowing all along that he owned it instead of pwtc. If that is found to be the case old Alvin Snaper is going to get his butt sued off. I will promise you that I will not let that dog run loose!!!
News for 'PWTC' - (Power Technology, Inc. Former CEO Locks Up 27.6
Million
Common Shares of PWTC)
HOUSTON, Sep 15, 2004 (PRIMEZONE via COMTEX) -- Power Technology, Inc.
(OTCBB:PWTC) announced today that the Company's former CEO, Lee Balak,
has agreed to a share lock up agreement relating to his 27.6 million shares
of the Company's common stock. Mr. Balak may not sell any shares until January
1, 2005 and is limited to selling 500,000 shares every six month period
thereafter.
Further details are available in the 8K previously filed detailing the
Consulting Agreement with Mr. Balak and the Company.
Bernard J. Walter, CEO of Power Technology stated, "This lockup
agreement will help to maintain an orderly market for the shareholders of the Company
and we are pleased Mr. Balak entered into this agreement."
About Power Technology, Inc.
Power Technology, Inc. is a research and development company that is
engaged in activities regarding alternative battery technology using patented,
ultra light materials with up to 75% less weight and 90% less lead content than
conventional batteries. The Company is in the early stages of commercializing its
battery technology, and intends to introduce its batteries for sale in 2005.
This press release includes projections of future results and "forward-looking
statements" as that term is defined in Section 27A of the Securities
Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934 as amended (the "Exchange Act"). All statements included in
this press release, other that statements of historical fact, are
forward-looking statements. Although Management believes that the expectations
reflected in these forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to have been correct. Important factors
could cause actual results to differ materially from the expectations that are
disclosed in this Press Release. While Power Technology, Inc. believes its
forecasting assumptions are reasonable, there are factors that are hard to predict
and influenced by economic and other conditions that are beyond Power
Technology, Inc.'s control. Among the other important factors which could cause
actual results to differ materially from those in the forward-looking
statements are detailed in Power Technology, Inc.'s filings with the Securities and
Exchange Commission.
SOURCE: Power Technology Inc.
By Staff
CONTACT: Power Technology, Inc. Bernard J. Walter,
Chief Executive Officer (713) 621-4310
www.PWTCBATTERY.COM
(C) 2004 PRIMEZONE, All rights reserved.
hasher send me it if you would.
logman_98@yahoo.com
I am a registered shareholder and I did not get anything.
I have several hindered shares in certificate form.
Question for the board.
Not saying that trainz didn't get a packet but did anyone else ever get one in the mail showing the share increase? I didn't.
Its funny. You go back on the website that edfrank gave us. Look back on the Internet Archives. Old Al has had years as Vic-president to stop pwtc from claiming ownership to the patent if it were not true. How many years past before he opened his mouth?? How many people bought pwtc stock because of the fact that pwtc owned the patent! It was on the website and on all the PR's. PWTC owed the patent! Now old Al is crying that he wants the patent back! WAAAAAAA
TOO late Al you sold it! The shareholders of PWTC own it and you drug us down by claiming ownership! Look out after the trial!! IMO
Here is just one of the things he could have stopped from being on the website if he owned it!!
Available Patents
The patents listed at left are all inventions of Alvin Snaper, and have been purchased by Power Technology, Inc.
PWTC received a US Patent (6,060,198) on May 9th 2000
Pipelink US Patent (5,442,846)
To view details for any item, just click on the name.
Information will be available shortly on the new Mikro Dri Technology, a method for drying agricultural crops during harvesting.
Any parties interested in purchasing the rights to these technologies should contact Lee Balak, President, at (604) 925-4215, fax (604) 925-4216, or email lbalak@attglobal.net.
Peep I will make a deal with you. If you quit saying the same thing over and over until after the trial I will do the same.
OK, Deal?
Because I think after the trial you will be wrong! PWTC will own the patent and have a class action law suite against ol Al.
JMHO.
Thanks edfrank! Very good site!!
peep do you take stupid pills??
Just asking.
I think I have had enough of the hasher/peep show for now.
I'll check back in a week or two to catch up on all the ranting.
Same old rant just different day.
Your wonderful Al is trying to screw the shareholders of pwtc out of the battery. I say he should be broke when the class action is over.
The proof is in the filings. Try reading them. Try
Check this out.
http://www.pwtcbattery.com
Should be lots for you to rant about on this sight hasher:)
Give him time. They will come.
Board info update.
This board is here to RANT about PWTC and the shareholder's concerns about how the company has been managed. There seems to be considerable ranting by the majority of the post's (95%. There is one opinion that is tolerated on this board and that is the opinion of hasher5. This is a PRO Alvin Snaper board! Nothing else will be tolerated. Happy posting:)
Peter I vote for you to stop the ranting.
You seem almost frantic about your carrying on??
Is there a time limit?
Do you only get paid if you reach some level of destruction?
You have the right to go after the ones that did you harm.
What has B.J. Walter done to you? OR is it that B.j. might just make this battery happen and take the glory away from Wolf?
You said "I doubt it, but I don't know. I think AS laughs all the way to the bank at the worst of times."
IMO When he thinks he can take things that belong to others.
When it comes to PWTC's patent. I don't think so. Not this time Al! Sorry.
PWTC paid you in full for the patent. It belongs to the shareholders of PWTC.
Hash did you ever unload those shares???
All or none at what price??
By all means rant! This is the rant board. GEEEZZZ
IMO he won't. IMO Snaper will end up with nothing!
I bet this really frosted your pal Al.
Power Technology Closes on $5.5 Million Capital Commitment
Tuesday August 31, 12:01 pm ET
HOUSTON, Aug. 31, 2004 (PRIMEZONE) -- Power Technology, Inc. (OTC BB:PWTC.OB - News) announced today that the Company has closed on a new $5.5 million round of equity and debt. The transaction closed on Friday, August 26, 2004, and the first round of funding was received by the company yesterday. Chairman and CEO Bernard J. Walter commented, ``This round of capital funding will allow the company to begin the commercialization of its unique, patented technology for batteries. We intend immediately to begin pre-production engineering and development, and we expect to begin producing batteries for sale by 2005. This is a major milestone in the life of the company and I would like to personally thank our shareholders for their support.'' Houston based Corporate Strategies Merchant Bankers http://www.corporate-strategies.net advised the Company on the $5,500,000 transaction.
Yo de hash. Di M&ms bi up dose shas yet?
Yay dis boad bee nowen as de rantin boad fo shu!
trainz, I am not saying lb is a hero by any stretch. NO WAY!
Alvin is no hero to anyone that owns or has owed pwtc. I am saying they are both at fault. Alvin should get a class action law suite against him for what he has done to stop any progress in the production of the battery for the past almost 2 years!
IMO pwtc will win the battle of the patent and I hope Al gets his! in the old pocket book!
You have me wrong again. I am in favor of a law suite against anyone that gets or has gotten in the way of the production
of the battery. That would be your pal Al, and I don't like what happened in the past several years under balaks control at all.
I think that PWTC will end up with the patent and that is what I want. You on the other hand have taken over the rantings of a poster we all despise. This is only my opinion. But this is your board.
By the way I don't call LB very often. So I can't answer your question. Sorry.
Well why don't you just enlighten everyone here with the truth from good ol Al.
So what else did yer old buddy Al have to say?
I couldn't tell hasher did you sell your stock??
Quite the sell off today!!
In the past I have been on the mailing list. I haven't received one as of yet.
I agree! Why weren't we asked for our opinion or vote?
With the number of shares I and my family owns we should have been at least given a chance to vote!
Your ranting is what I am referring to.
What ever you say e-y
Take a breath hasher. You are getting way too worked up my friend.
Like you said lets just see what happens. That's what I will be doing.
One thought first??
Why would anyone give 5 1/2 million bucks to a company they thought didn't own the battery patent??
They must be confident that when the smoke clears PWTC will prevail. IMO
Houston Business Journal Features Power Technology, Inc. in Latest Edition
Monday August 23, 9:00 am ET
HOUSTON, Aug. 23, 2004 (PRIMEZONE) -- The Houston Business Journal (http://www.houston.bizjournals.com) has published a front page feature article on Power Technology, Inc. (OTC BB:PWTC.OB - News) in its August 20, 2004 weekly edition. The company's CEO Bernard J. Walter is interviewed, and announces the signing of a letter of intent for $5,500,000 in new capital for Power Technology. Mr. Walter says ``The Company has developed a battery that is substantially lighter than car batteries, takes a high charge, has a quicker recharge rate, provides greater range, will be more effective and is environmentally friendly. It's my job to get it from the idea prototype to production.'
Houston based Corporate Strategies Merchant Bankers advised the Company on the $5,500,000 transaction. Tim Connolly, CEO of Corporate Strategies, stated ``They are on the very leading edge of commercializing the next generation of battery power for years to come. Corporate Strategies is proud to be both an advisor to the company and an investor in its future success.'
About Power Technology, Inc.
Power Technology, Inc. is a research and development company that is engaged in activities regarding alternative battery technology using patented, ultra light materials with up to 75% less weight and 90% less lead content than conventional batteries. The Company is in the early stages of commercializing its battery technology.
About Corporate Strategies, Inc.
Corporate Strategies, Inc. is a merchant bank in the traditional European sense of the word. As the term has evolved from the 18th Century to today, merchant banking describes an enterprise that not only finances a company's product or service, but also assists in developing a comprehensive business strategy. Corporate Strategies is comprised of seasoned executives with extensive experience in merchant banking, including business development and strategy, public and private company corporate finance, capital markets research, human resources, due diligence and transaction negotiation and execution. Corporate Strategies believes that solving the near-term cash requirements of small businesses is a critically needed service but is rarely the total solution. We provide consulting services, working capital financing, and in select cases, we make direct equity investments in our client companies.
CONTACTS: Corporate Strategies, Inc.
Karyn Breeckner
(713) 621-2737
news@corporate-strategies.net
Power Technology, Inc.
Bernard J. Walter
Chief Executive Officer
(281) 804-8854
http://www.powerpwtc.com
Good luck Gulfbreeze and dfh. Could get rough.
I see our pr was put out by these guys. Anyone heard of them before?
http://www.primezone.com/