A bit of DD on the 8k: As previously posted, I
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Posted On: 02/01/2017 1:57:49 PM
A bit of DD on the 8k:
As previously posted, I believe by Walt,
Article 5.1
Licensor shall proceed with the process of modifying of a 100 to 150 KW CSRV gen set to demonstrate the successful operation of Secure Supply HK LLC HH2 Gas POD and Injection Ignition system for commercial use.
Licensee shall deliver one 6-cylinder fuel injection system and one gas POD for testing and demonstration for scale up to CSRVv12 and CSRVv16 1 mw to 5 mw Models.
Article 7.2
(c) Licensee has the financial capability to pay the consideration that is required by Article V, noting Coates company management has agreed to forgive the exclusive license fee of $75,000,000 USD replaced by a royalty fee of $50 USD, that will be paid per engine or gen set sold to Licensee, to the Coates Trust regardless of the size or type of CSRV engine.
Based on what we know from their filing and the agreement GC needs to get the SS Gen Set to SS, hopefully in Mexico and not Thailand.
Based on what we know from the media section of GC's website the SS Gen Set is in his warehouse.
What we don't know is if it can stay there for demonstrations or if it needs to be moved/will be moved/when it will be moved.
What we know from the filing is that SS represents that they have the financial capability to pay the deposit.
What we can assume is the 8k on 1/11/17 for $43k was used to obtain the parts and pieces needed to finish the Gen Set and GC hopefully budgeted for the freight costs with Power Up Funding Group.
I'm all worked up due to the radio silence so I have started trying to piece this together on my own. If you see any strentgths or weaknesses in my DD please let me know your thoughts.
As previously posted, I believe by Walt,
Article 5.1
Licensor shall proceed with the process of modifying of a 100 to 150 KW CSRV gen set to demonstrate the successful operation of Secure Supply HK LLC HH2 Gas POD and Injection Ignition system for commercial use.
Licensee shall deliver one 6-cylinder fuel injection system and one gas POD for testing and demonstration for scale up to CSRVv12 and CSRVv16 1 mw to 5 mw Models.
Article 7.2
(c) Licensee has the financial capability to pay the consideration that is required by Article V, noting Coates company management has agreed to forgive the exclusive license fee of $75,000,000 USD replaced by a royalty fee of $50 USD, that will be paid per engine or gen set sold to Licensee, to the Coates Trust regardless of the size or type of CSRV engine.
Based on what we know from their filing and the agreement GC needs to get the SS Gen Set to SS, hopefully in Mexico and not Thailand.
Based on what we know from the media section of GC's website the SS Gen Set is in his warehouse.
What we don't know is if it can stay there for demonstrations or if it needs to be moved/will be moved/when it will be moved.
What we know from the filing is that SS represents that they have the financial capability to pay the deposit.
What we can assume is the 8k on 1/11/17 for $43k was used to obtain the parts and pieces needed to finish the Gen Set and GC hopefully budgeted for the freight costs with Power Up Funding Group.
I'm all worked up due to the radio silence so I have started trying to piece this together on my own. If you see any strentgths or weaknesses in my DD please let me know your thoughts.
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