The deal was for Coates to own 49%. George has sai
Post# of 3601
Posted On: 02/12/2016 9:43:29 AM
The deal was for Coates to own 49%. George has said since then that "the company" (Coates) would never own less than 51% of the company.
The deal may have failed when the Chinese found out that George himself will personally own 78% of the outstanding shares per company charter.
So, if the deal had gone through, would China have ended up with only 51% of the remaining 22% of outstanding shares? Too complicated for me.
That is water over the dam. Current day issues are more interesting.
Go Coates!!!!
The deal may have failed when the Chinese found out that George himself will personally own 78% of the outstanding shares per company charter.
So, if the deal had gone through, would China have ended up with only 51% of the remaining 22% of outstanding shares? Too complicated for me.
That is water over the dam. Current day issues are more interesting.
Go Coates!!!!
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