posted
THIS IS A STRONG BUY FROM THE CAPT.GET IN BEFORE ITS TOO LATE.JUST GOT A CALL ON THIS ONE GOTTA GO DO MY HOMEWORK ON THEM.BUT IM IN BIG TIME.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Coates International, Ltd. Converts Related Party Notes to Shares of Stock Apr. 4, 2011 (PR Newswire) --
WALL TOWNSHIP, N.J., April 4, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the "Company") and The Coates Trust, a trust controlled by George J. Coates, President and CEO have agreed to convert promissory notes in the aggregate amount of $198,136, including principal and interest, originally issued in 2010 into 1,165,507 unregistered shares of common stock at the closing price on March 31, 2011, of $0.17 per share. The Company and two of its directors also agreed to convert promissory notes in the aggregate amounts of $188,258 and $131,484, including principal and interest, originally issued in 2010 into 1,100,922 and 768,648 unregistered shares of common stock, respectively, at the closing price on April 1, 2011, of $0.171 per share. The cash proceeds from issuance of these promissory notes were used for working capital purposes.
Company CFO, Barry Kaye stated that the decision by The Coates Trust and two of our directors to convert their promissory notes is an expression of confidence in the Company to carry out its business plans to manufacture and distribute the world-wide patented Coates Spherical Rotary Valve ("CSRV") system technology products. We are also very pleased to be reducing the outstanding debt of the Company by almost $518,000.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Coates International, Ltd. has Signed a Letter of Intent to Merge With an Established Chinese Industrial Engine and Generator Manufacturer Apr. 1, 2011 (PR Newswire) --
WALL TOWNSHIP, N.J., April 1, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the "Company") has signed a letter of intent to merge with an industrial engine and generator manufacturing company in China.
Management believes that if our company is to get into mass production soon, it must act now. The Chinese manufacturer currently employs more than 2,000 skilled plant workers and produces over 80,000 industrial electric power generator sets per year.
Since negotiations commenced eight months ago, the Chinese company has built a new one million square ft. manufacturing plant where the Coates CSRV natural gas electric power generators are planned to be manufactured.
Consummation of this merger would benefit both companies in a number of ways, including:
Mass production of the Coates CSRV natural gas industrial electric power engine generators will be assured. Lower manufacturing costs are anticipated. The Chinese company could possibly double its product output. The Chinese company would acquire the right to the patented CSRV technology for its existing products. "The Company" would begin generating revenues and cash flows from sales and license fees. Working capital would be generated to enable large scale expansion of CSRV products manufactured in the USA. The merger is expected to establish a significant global footprint in the market place. Access to working capital may become more readily accessible internationally. "The Company" will manufacture other CSRV products as demand increases. It is anticipated that this plan should enhance shareholder value of both merging companies.
The merger is subject to certain conditions and governmental approvals including raising capital internationally.
About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Coates International, Ltd. Announces Plan to Raise New Working Capital Through Insider Stock Sales Apr. 5, 2011 (PR Newswire) --
WALL TOWNSHIP, N.J., April 5, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the "Company") announces a plan, which became effective on April 1, 2011, to provide new working capital from the reinvested proceeds from sales of up to one million shares of stock owned by George J. Coates, majority shareholder, President, CEO and Chairman. The shares will be sold on the open market through a registered broker-dealer under the exemption from registration provided by Rule 144 of the Securities Act of 1933. Mr. Coates has agreed to reinvest the net proceeds from these stock sales back into the Company to assist with its cash flow in return for shares of Series B Convertible Preferred Stock of the Company. Mr. Coates has also indicated a willingness to extend this program beyond the one million shares, if it is deemed appropriate at the time.
Barry C. Kaye, CFO noted that this plan will promptly provide the Company with needed working capital and underscores the commitment of George J. Coates to our future and our business plan. He also stated that investors should be careful not to interpret these insider sales as any indicator of a change in management's outlook for the Company since the proceeds are actually being reinvested.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
Coates International, Ltd. Received Notice Today, April 6, 2011, From The World Business Group Of Dubai, United Arab Emirates That The Coates Flare Off Gas Power Plant Project Has Been Approved Written by TradersHuddle Staff Wednesday, 06 April 2011 15:17
WALL TOWNSHIP, N.J., April 6, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the "Company") is pleased to announce that it received notice that the flare off gas power plant project is approved. This project is approximately worth $400,000,000 USD.
The power plant was designed by George J. Coates and his son Gregory G. Coates, which will incorporate approximately 300 Coates CSRV 1 to 2 M.W. natural gas electric power engine generators that will be manufactured in China to Coates CSRV specifications.
Coates International, Ltd. will construct and set up a complete turnkey electric power plant in a designated Arab country. The companies that will participate in the project are: Sherman Engineering Company Luz Construction, Inc. J.S.A. Engineering, Inc. Almont Energy, Inc. The Chinese company that will manufacture the Coates CSRV natural gas engine generators and supply the systems for the project. Coates International, Ltd. will manage the entire project. 90% of the funding is from Dubai, U.A.E. and 10% from the Arab country where the power plant is required. As soon as contracts are signed and funds are received the project will start. The Dubai U.A.E. world business group is also talking with other countries where flare off gas is being released to mimic this project. Management is extremely satisfied with these events and believes this project will start the ball rolling, and will benefit all companies involved including our share holders.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
we got profit takers.you are crazy to sell this yet.we hit 20..i hope the ask comes down ill scoop up some more.i really like this stock.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
now the TREASURER/CFO is buying up the stock.
COTE.OB Coates International Ltd \de\ Kaye Barry C (Treasurer and CFO) Buy 59,876 .18 10,478 10:50:44 2011-04-11 Kaye Barry C (Treasurer and CFO) Buy 19,000 .18 3,325 10:50:44 2011-04-12
THIS IS GOING TO BE A RUNNER.I WANT MORE.!!!
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
quote:Originally posted by CAPTNEMOS: now the TREASURER/CFO is buying up the stock.
COTE.OB Coates International Ltd \de\ Kaye Barry C (Treasurer and CFO) Buy 59,876 .18 10,478 10:50:44 2011-04-11 Kaye Barry C (Treasurer and CFO) Buy 19,000 .18 3,325 10:50:44 2011-04-12
THIS IS GOING TO BE A RUNNER.I WANT MORE.!!!
This is about due for a run dont you think?
Posts: 6949 | Registered: Apr 2004
| IP: Logged |
posted
almost there,but not yet.when the chinese come for inspection of headquarters on apr 24 got a funny feeling the might just aquire them and merge.but if not his design is now got major backing with a new plant and workers waiting already.with the whole nuclear thing going sour now.i think his design has more sales to come.i think its gonna be big.hard to get hold of shares though.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
SOMEBODY Selling THERE SHARES hahahaha.KEEP SELLING THE ASK IS ALMOST DOWN TO.20.CMON A LITTLE LOWER AND ILL GRAB THEM SHARES RIGHT UP.Everytime someone sells and the ask drops ill be there grabbing them shares up.mark my word this stock is gonna run more.!!.This isnt some horsehit pink pump and dump folks.i dont do pump and dumps and dont do pinks 99% of time.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
wow someone grabbed them shares right up/ask is now .31C.so we are nearing d-day baby
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
was looking into this, gonna pick some up on monday but then found this.....http://www.nytimes.com/1994/07/23/business/engine-inven...
Posts: 11 | From: ct | Registered: Apr 2011
| IP: Logged |
posted
17 years ago really?I dont think you should buy any.i absolutly dont see nothing sketchy about whats going on.Neither do the MMs.the ask is up to .315,reason they raise the ask is they know somethings going on.And why would all the board of directors spend there own money buying up this stock?if your gonna pay that ask of 31c well.your just asking for it,you should of bought around the time i posted.she has run a little already.Actually i think everyone should sell their stock.[please.!!!hehehehe,
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
COATES INTERNATIONAL LTD Engines of The Future A small New Jersey company has been hosting visits from professors, doctors and engineers as well as the big three auto manufacturers. Why? Its proprietary product is being called the most advanced engine in the world. Pat Whiteman reports.
When Irish-native George Coates was a kid, he was always inventing things. Little did he know that one day one of his inventions would have the potential to revolutionize engine manufacturing and design.
Back in 1961, Coates, who worked as an engineer for Rolls-Royce, General Motors, Ford and Mercedes Benz, created a new valve system. You see, in the last 60's and 70's most vehicles combustion engines in the U.S. were running at a compression rate of 12 to 1, which resulted in engine efficiency of about 35 percent. The rest of the engine power was lost in friction, pumping and heat loss. When it was found that lead additives in fuel had an adverse effect on the environment, the lead was removed from the fuel. However, this caused the poppet valves and combustion chamber on the poppet valve engines to overheat, raising the temperature to in excess of 2500 degrees and damaging the poppet values.
The answer was to lower the compression ratio of all engines to 10 to 1 or lower, thus reducing efficiency of the combustion engine to approximately 24 percent. But the reduced efficiency also resulted in fewer miles per gallon, lower brake horsepower and lower torque.
George Coates thought there was a better way, created a handmade system and attached it to a European Ford engine. The results were promising. "My son Gregory and I had to struggle like hell to get to this point. We did the whole thing on $27 million alone. When one of the big three develops an engine they usually have upwards of $400 million," says Coates, now president and chairman of the board of Coates International, Ltd. More hardships lay ahead in getting and applying for the patents and shoring up all the details. "The next steps were getting the castings made in the different places with the correct pieces and getting the design part of it and the compression ratios. And each engine has a different application which means you have to redesign it for each application," explains Coates.
It would take 15 years for the running prototype and another five to fully develop the sealing mechanism. It would be worth the wait. Today, the Coates Spherical Rotary Valve Engine is being called the most advanced in the world, with the most positive valve system ever built.
A Company Born In August 1988 Coates International Ltd. was created for the purpose of researching, patenting and manufacturing technology associated with the Coates' spherical rotary valve system for internal combustion engines. The "Coates" system utilizes spherical valves, which rotate in a cavity formed between a two-piece cylinder head. The valves include channels, which connect to the intake and exhaust passages. The Coates Spherical Rotary Valve System, or CSRV, has been determined to substantially outperform conventional poppet valve engines and offer a significant reduction in harmful emissions, a reduction in fuel consumption while maintaining consistent powerr output and high density power output resulting from complete combustion.
Speeding to Market With the research and development phase now complete, Coates is gearing up for production and distribution of it s SCRV-powered engines. The company has also received several multi-million dollar orders for its spherical rotary valve system based automotive and natural gas engines. CSRV-powered engines are capable of running in anything - cars, boats, motorcycles, buses - and on a number of different fuels, such as gasoline, natural gas, methanol, ethanol, hydrogen and diesel. Oil changes are extended to approximately 50,000 miles instead of every 3,000 miles; and in some cases oil changes are not necessary. Maintenance is drastically reduced. There is increased power and torque, reduced fuel consumption and dramatically reduced emissions.
"Coates has commenced production of its model C86GE natural gas engine and the C86GG natural gas generator system, both based on CSRV technology. We have also completed several engine prototypes equipped with its CSRV, five for automobiles and two for motorcycles. The most recent automobile prototype has been started over 7,000 times and has been road tested over 40,000 miles. The motorcycle engines were retrofitted for a major motorcycle manufacturer," says Coates.
Realization & Roadblocks Despite a revolutionary product and sound mission, there are still roadblocks. "We've had the big three here several times, but the problem is changing and educating the staff to the new technology. They would have to learn to make these new engines and it's expensive to change. They've been doing the old engines for 60 years. And I'm afraid to say it but the U.S is a bit stuck in their ways. They know we have this technology, but movement has been slow. " Coates predicts the first engines to use this technology will be in foreign overseas.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
hey the ask is down to .20c.well another 5000 shares please.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
keep holding peeps.buying pressure has been building.When they have some sellers theres been buyers to take the shares right up.This engine and there adjustable bearing gonna keep growing as the orders flow in.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Coates International, Ltd. Is Shipping More Industrial Natural Gas Electric Power CSRV Engine Generators To Alberta, Canada Apr. 29, 2011 (PR Newswire) --
WALL TOWNSHIP, N.J., April 29, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd. (the "Company") is pleased to report that on April 29, 2011 it shipped another Industrial Natural Gas Electric Power CSRV engine generator to Alberta, Canada. This CSRV generator will be one of the first of many to be installed in the field. The Company expects to ship additional units already in production in the near future and believes it is at the turning point to begin ramping up production to fulfill orders.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
Contact Information: Coates International Ltd. Phone: 732-449-7717 E-Mail: info@coatesengine.com
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Coates International, Ltd. Is Shipping More Industrial Natural Gas Electric Power CSRV Engine Generators To Alberta, Canada Written by TradersHuddle Staff Friday, 29 April 2011 15:17
WALL TOWNSHIP, N.J., April 29, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd. (the "Company") is pleased to report that on April 29, 2011 it shipped another Industrial Natural Gas Electric Power CSRV engine generator to Alberta, Canada. This CSRV generator will be one of the first of many to be installed in the field. The Company expects to ship additional units already in production in the near future and believes it is at the turning point to begin ramping up production to fulfill orders.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
Contact Information:
Coates International Ltd.
Phone: 732-449-7717
E-Mail: info@coatesengine.com THE COATES OFFICIAL NEWS WEBSITE
posted
UP MORE TODAY.THIS COMPANY IS GOING TO BE HUGE.HIS ENGINE IS FOR REAL.WHEN THE BIG 3 TURN AWAY CAUSE OF IGNORANCE.THE REST OF THE WORLD IS CATCHING ON.ITS GOING TO BE SICK.I HAVE BEEN CALLING AROUND TO SOME OF THEIR CUSTOMERS AND THEY LOVE THIS ENGINE.THERE ARE LARGE ORDERS COMIN IN.WORD IS SPREADING IN THE MIDDLE EAST AND CANADA.WONT BE LONG BEFORE THE ORIENT STARTS GETTING THERE ORDERS.I AM CONFIDENT IN THIS STOCK IM GONNA GRAB ANOTHER LARGE BLOCK.WITH WHAT I BOUGHT MY FIRST BLOCK FOR AND THE NEW BLOCK I STILL BE AT ABOUT A 23-25c AVG.
Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
This is starting to look like my big one for the year.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
Hey Truth.there will be more interest.you just have to wait out cycle.when i run a stock most of my peeps buy in.so most of the time it goes up then it drops off cause of profit takers who are so scared to be patient and think i do pump and dumps .so when they see a little profit they grab it.This one is going to only climb from here.when you sell a good stock what are you going to buy next then?And then people start to force the issue.So truth if you bought and are holding do yourself a favor and count on holding this for a awhile.
Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
i truly believe they do not need to dilute shares thats for sure.why would all the officers been buying up the stock.They have very deep pockets backing them Mr LI and his partners have more money then half of the worlds countries and hes is behind this one all the way.He was pleased with last visit at headquarters then went to canada with them.He would not of spent millions setting up the factory for his engine and providing i think up to 2500 workers.So when that factory gets pumping watch out.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
I plan on holding longer term. Really the Chinese interest is in it's infancy and really Hasn't reflected yet. I remember another story about rotary engines Back in the Mazda rx7 days. I know this is different, but it looks proven and Automakers are going to have to change their ways Soon to survive
Posts: 793 | Registered: Aug 2004
| IP: Logged |
posted
We have a drop today which makes me happy.Im looking to score some more and ask is way down now.So i keep accumalating on dips when i can.MMs are trying to manipulate the stock but they cant keep it up forever not enough shares on the street really.Esp when i keep buying blocks too.when the revs come in and they start making mad money and become profitable the news gets out it will fly and will be alot of people kicking themselves cause there not on the ride and we will be on the inside looking at them counting our mula. Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
yes.!!! 10,000 more at .27c/keep selling people
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
keep selling at market people ill keep buying.someone asked me what my holding was and its as of now 185,000 shares with an approx avg of 23-24c.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
Coates International, Ltd. Receives Major Funding Commitment for $10,000,000 May 4, 2011 (PR Newswire) --
WALL TOWNSHIP, N.J., May 4, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd. (the "Company") is pleased to report that on May 3, 2011, it obtained a firm commitment from Black Swan Capital Group, Inc. ("Black Swan") for $10,000,000 funding which would provide substantial new working capital (the "Funding"). The Funding Commitment is expected to close before the end of this month.
George J. Coates, President and CEO stated: This is a significant milestone in enabling the Company to proceed with its plans and I am very excited because this will enable us to ramp up production and fulfill orders for the Coates CSRV Natural Gas Industrial Electric Power Generator Sets to our customers throughout the Western Hemisphere.
The Company has licensing fees to be received totaling $54,800,000 of which payments are due this year. Other licenses are being negotiated. This will add to earnings along with production and sales of our products. The Company should have positive earnings soon.
This Funding was initiated by George J. Coates, President and CEO.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
posted
54 million dollars alone on receivables .not counting new business that will be flooding in.got 10 million dollars in financing without issuing 1 share.what does that tell you?for a company only losing $600,000.cant wait to see what eps is gonna be.say goodbye to your opportunity to buy in the 27C range.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
POSITIVE EARNINGS SOON.OHH GIVING ME GOOSEBUMPS.$2.00 ANYONE?
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
posted
.325c nearing 52wk hi of .40c.And they werent even announcing revs or earnings.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Were Down]](graemlins/weredown.gif)
![[BadOne]](graemlins/headbash.gif)
![[Wall Bang]](graemlins/wallbang.gif)
![[Were Up]](graemlins/wereup.gif)
![[Good Luck]](graemlins/goodluck.gif)
