The subject matter of today's PR was totally unexpected and, at best disappointing. The previous PR set the stage for stock holders to expect news of either signed contracts, orders, delivery dates or shipments. Still no word of any of that.
Instead, we got an unrelated press release announcing an idea for an undeveloped product that can clean the air in Beijing, salted throughout with forward looking statements. Well, I'll have to admit that Beijing is a good place to start but, when are they ever going to ship a gen set?
Hopefully, in the next few days we will get information about the verbal agreement made with China, or whoever, that Mr. Perkowski was to finalize when he returned to China today and possibly information about the ongoing B&A tests.
It is good that GC is forever the inventor and that Mr. Perkowski is making his presence known through various media (without mentioning Coates even once, I might add). But, when the core business is producing and selling gen sets, why come out with a totally unrelated PR about a new idea on how to clean the air in Beijing? Is this a diversion or what?
Feedback from some stock holders indicate that they have been further alienated by today's PR and are openly accusing GC of conducting a scam. To be clear, I am not one of them. I still believe in the potential of Coates International and have invested a small fortune in the company.
From where I sit, I obviously do not see the big picture, but it appears that unless information is forthcoming within a few days, Coates is stalling because they do not yet have a marketable product. My question is, how long will it be?
I have a long position.
Instead, we got an unrelated press release announcing an idea for an undeveloped product that can clean the air in Beijing, salted throughout with forward looking statements. Well, I'll have to admit that Beijing is a good place to start but, when are they ever going to ship a gen set?
Hopefully, in the next few days we will get information about the verbal agreement made with China, or whoever, that Mr. Perkowski was to finalize when he returned to China today and possibly information about the ongoing B&A tests.
It is good that GC is forever the inventor and that Mr. Perkowski is making his presence known through various media (without mentioning Coates even once, I might add). But, when the core business is producing and selling gen sets, why come out with a totally unrelated PR about a new idea on how to clean the air in Beijing? Is this a diversion or what?
Feedback from some stock holders indicate that they have been further alienated by today's PR and are openly accusing GC of conducting a scam. To be clear, I am not one of them. I still believe in the potential of Coates International and have invested a small fortune in the company.
From where I sit, I obviously do not see the big picture, but it appears that unless information is forthcoming within a few days, Coates is stalling because they do not yet have a marketable product. My question is, how long will it be?
I have a long position.
