OK! First off let me just thank you guys for the expert help - I really rely on all of you on this forum. So here is the update--i actually got my wife to help on this one believe it or not!
1) I purchased the drill bit recommended on the fix-a-thred pacakge (8.3 MM 21/64)
2) I used a mini hydraulic car lift witha 2x4 board over it to jack up the scooter-had my wife hold on to the handle bars to make sure it didn't tip over
3) got under the case and drilled into the hole with the 21/64 drill bit
4) Used the tap to hand screw into the hole- putting upward pressure as I turned it
5) placed the coil on the tool and twisted the ciol into the hole, then removed the tool by pulling straight out
6) screwed in the original bolt and it fully tightened---seemed like th eproblem was solved
7) road around the block a few times joyously
inspected the bolt and found that the tran fluid is dripping out- OH NO!
so there is a very small bead of purple trans fluid ( i bought the expensive stuff) - it certainly isn't dripping or anything- but there is a leak
any suggestions for fixing--perhaps some locktite or maybe a washer---I did not put any washer on by the way