Posted On: 03/18/2016 2:24:58 PM
Post# of 3601
Your thoughts? In today's press release GC states "We intend to use this engine for demonstration purposes .....after which, the Company intends to sell and install this unit with an end user customer."
On Feb 2nd he stated "Cummins visited......took the opportunity to inspect the progress of the project to retrofit a Cummins 250 KW generator that was delivered to the Coates headquarters one month ago.
And in Oct and Nov his PR's made it appear that may have be some deal going on with Cummins with statement like " is pleased to announce that Cummins Power Systems, LLC has shipped a second industrial natural gas 250KW electric power generator set to Coates International, Ltd."
The boards lit up back then and it sounded to me any many others like a possible huge business deal but since he plans to sell the Cummins gen and not return it to them for their own testing, it now appears to me that Cummings simply shipped generators that GC purchased. I know yesterday I said I would try to be more positive so please let me know your thoughts.
Holding Strong and Long.
Thanks,
RR
On Feb 2nd he stated "Cummins visited......took the opportunity to inspect the progress of the project to retrofit a Cummins 250 KW generator that was delivered to the Coates headquarters one month ago.
And in Oct and Nov his PR's made it appear that may have be some deal going on with Cummins with statement like " is pleased to announce that Cummins Power Systems, LLC has shipped a second industrial natural gas 250KW electric power generator set to Coates International, Ltd."
The boards lit up back then and it sounded to me any many others like a possible huge business deal but since he plans to sell the Cummins gen and not return it to them for their own testing, it now appears to me that Cummings simply shipped generators that GC purchased. I know yesterday I said I would try to be more positive so please let me know your thoughts.
Holding Strong and Long.
Thanks,
RR
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