I can identify with most of what has been posted t
Post# of 3601
And what engine manufacturer would not want to be the first to market an auto engine that far surpasses others in economy, lower maintenance and lower cost to the consumer. Any profits lost by selling fewer parts would be made up by customer demand for economy, low maintenance and performance, resulting in more auto sales. George has something here or his company would have gone belly up years ago.
George does not sell shares, he gives them away to lenders as collateral and issues non dilution shares to himself, diluting every one else's shares. This is the source of most stockholder's frustration. He can not buy my shares as he once emailed to me "I will buy them out..." because I will not sell them to him or to anyone else until I see a number in front of the SP decimal.
GC still has an ace up his sleeve. Secure Supply and Coates are now co-dependent. Daniel needs an engine that will run on his H2 and George needs Secure to hawk his CSRV technology. If he ever gets it, what will GC do with the $1 million license fee and 50% up front fee of approximately $5.8 million for anticipated orders for 75 gen sets? Probably call a surveyor to begin construction of his own production facility in N.J. and send start up money to China. Will this ever happen? I say chances are 50- 50 and that is why I am staying long.
To date, there has never been much more than "what ifs" to go on. But what will happen to the SP if SS surprises everyone and comes through with orders and the million dollar license fee? What will happen to the SP if Coates financials show cash flow this year?
I agree, there is much to be disappointed about in owning this stock and I have very high regard for the opinions expressed on this board today. But I am not giving up on Coates and I refuse to bash the company or George for any thing other than his narcissistic behavior.
I'm staying long for the duration.