All things considered, today's PR does answer some questions that many stockholders have been asking. There seems to be great interest in Coates stock as evidenced by the 19.6 million shares traded as of today's closing.
"Secure Supplies has informed the Company that it anticipates receiving funding from its customers to enable it to remit payments to us for the sublicense fee and deposits for 50% of the order value to be paid with orders it intends to place, beginning in March 2017." (And when does March begin? TOMORROW! This is the great news, although forward looking.)
Yes, the PR seems more professionally written, but folks, I have to say that it is wrought with comments about unfinished business and forward looking statements. I want to remain positive here. But if this PR is not accurate and truthful, it is the biggest carrot ever held in front of stockholders. Maybe I should have waited a month before making this post to give George the benefit of the doubt but the PR is what it is and the following phrases are troublesome to me:
"“An initial 1MW V12 Industrial engine from Cummins is already en route to the Coates facility in New Jersey for development of the Hydrogen Gen Sets for this larger engine specification". (first time development of V12? That will take some time.)
The current, already "built...150 KW CSRV Gen Set for Secure Supplies to be used for demonstration and testing" (implication: this is an untested, show room display product.)
"...ongoing discussions with other potential new customers." (Other potential customers implies that they have existing potential customers. All forward looking. Lets hear about customers they actually have.)
Stockholders who directly contacted SS after George issued a premature PR is considered by him to be inappropriate and interfering with his business relationship with SS??? No time to answer the phone or emails? Sorry George, but you brought this on yourself. Wonder if you discussed the PR with Daniel before you released it.
"To date, we have not received the proposals from China for manufacturing operations that were previously promised to be submitted to us for review" (Hello George! You are dealing with CHINA! What did you expect?)
"...the Company expects to be able to continue to pursue its business plans..."
in China once funding has been achieved. At least GC's foot is still in the door and who knows, maybe some day...)
Here is more good news, although still forward looking: " The Company is planning expansion of its manufacturing capacity on readily available space on its own property in anticipation of the need to fulfill orders to be received from Secure Supplies."
" scientific, proprietary technology and we prefer to limit accessibility until development of the technology reaches a stage where it can be patented" (proprietary technology still under development and yet to be patented??? Is this a mystery product?)
I don't mean to be a downer but words mean things and in the past, I have been prone to read my wishes into George's PRs. I sincerely hope all the things mentioned take place and investors reap great benefits. In the mean time I remain cautiously optimistic and will stay long. GLTA
"Secure Supplies has informed the Company that it anticipates receiving funding from its customers to enable it to remit payments to us for the sublicense fee and deposits for 50% of the order value to be paid with orders it intends to place, beginning in March 2017." (And when does March begin? TOMORROW! This is the great news, although forward looking.)
Yes, the PR seems more professionally written, but folks, I have to say that it is wrought with comments about unfinished business and forward looking statements. I want to remain positive here. But if this PR is not accurate and truthful, it is the biggest carrot ever held in front of stockholders. Maybe I should have waited a month before making this post to give George the benefit of the doubt but the PR is what it is and the following phrases are troublesome to me:
"“An initial 1MW V12 Industrial engine from Cummins is already en route to the Coates facility in New Jersey for development of the Hydrogen Gen Sets for this larger engine specification". (first time development of V12? That will take some time.)
The current, already "built...150 KW CSRV Gen Set for Secure Supplies to be used for demonstration and testing" (implication: this is an untested, show room display product.)
"...ongoing discussions with other potential new customers." (Other potential customers implies that they have existing potential customers. All forward looking. Lets hear about customers they actually have.)
Stockholders who directly contacted SS after George issued a premature PR is considered by him to be inappropriate and interfering with his business relationship with SS??? No time to answer the phone or emails? Sorry George, but you brought this on yourself. Wonder if you discussed the PR with Daniel before you released it.
"To date, we have not received the proposals from China for manufacturing operations that were previously promised to be submitted to us for review" (Hello George! You are dealing with CHINA! What did you expect?)
"...the Company expects to be able to continue to pursue its business plans..."
in China once funding has been achieved. At least GC's foot is still in the door and who knows, maybe some day...) Here is more good news, although still forward looking: " The Company is planning expansion of its manufacturing capacity on readily available space on its own property in anticipation of the need to fulfill orders to be received from Secure Supplies."
" scientific, proprietary technology and we prefer to limit accessibility until development of the technology reaches a stage where it can be patented" (proprietary technology still under development and yet to be patented??? Is this a mystery product?)
I don't mean to be a downer but words mean things and in the past, I have been prone to read my wishes into George's PRs. I sincerely hope all the things mentioned take place and investors reap great benefits. In the mean time I remain cautiously optimistic and will stay long. GLTA
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