I agree that parts may have been delayed because the supplier is having to stop production of larger orders to set up to produce the small volume specialty parts for Coates. I do not believe money is the problem since so many stock conversion (toxic) loans have been granted. With time, they have become fewer and fewer. Whatever the reason for the delay, I agree that the parts will eventually be delivered and shipments will occur.

I have pondered about this and, now that most of you who were going to write George with your questions and complaints have probably done so, I decided to share the response he has given to me. I am not hyping or bashing the stock, just passing on the information. Considering the source, take it for what it's worth and don't shoot the messenger.

1. The parts being held up are small and should arrive any day now.
2. There are still some outstanding toxic loans.
3. A lot of good things are happening.
4. A lot of good news will be released soon, "after the toxic stock loans are complete".

(Typical GC speak??)

There is no way for me to track the loans but I believe some of them were converted this week, causing the recent downturn in the SP. This has happened before and I expect more severe volatility before this is all played out. However, I intend to stay long because, I.M.O., it would be foolish to sell now when this thing could pop any day.

To the newbies, do your DD and invest only what you can afford to loose.