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  4. Coates International (COTE) Message Board

There is no candy coating on what I have to say. I

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Post# of 3605
Posted On: 12/23/2015 10:44:24 AM
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Posted By: grubstake
There is no candy coating on what I have to say. I call 'em the way I see 'em.

We have finally been graced with the long awaited PR from GC. My eyes see only two new specifics that have been revealed.

1. Mr. Perkowski is coming "home" for Christmas. Supposedly, he has been working all along to establish a business relationship with a private company in China to manufacture CSRV heads. Has he succeeded? We don't know. Which comes first, the private company contract or the licenses to deal with them, which we now read that he has not secured? How about a little more detail, George?

2. GC has been in talks with Merrill Lynch since November about "possible" financing. This is really, really, really a new carrot of information. What are the possibilities of attaining a solid future agreement with Merrill? Not mentioned.

As expected, another mostly non substantive PR has had yet another negative impact on the SP. But, we got what we asked for.

Now, most investors are probably expecting another PR after Tuesday's meeting with Mr. Perkowski on the 29th. Call me a skeptic but I believe GC already knew the latest from Mr. P at the time of the last PR. So, we have been given another carrot of anticipation for a PR announcing the results of the meeting with Mr. P. Don't hold your breath.

My hopes are pinned on 1Q of 2016. Be patient and be long.




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