Cool Technologies Inc (WARM)

[kayak_wench]

Does settlement hint at near-term license payment?
The agreement, summarized below implies that HPEV will come into some big cash in the near-term such that they can afford to buy back Spirit Bear's shares. I can't imagine Spirit Bear accepting less than current price for their stock (which would be in the 7 to 8 million range), and more likely want a bit more than that. There isn't that much money left in the LPC agreement, and I have not seen signs of dilution in the past month. So where did HPEV get this big chunk of cash? SB demanded the cash be put in escrow before agreeing to the deal so that they could 'know' HPEV actually had the money they were offering. Bummer is this quarter is the end of year so they won't be releasing details of their finances for up to a month.
***from agreement*****
....to sell to the Issuer…… an aggregate of 8,028,385 Shares; and (ii) to grant purchase rights with respect to the warrants owned by each. …… the Purchase Price would initially be placed in escrow, that 70% of the Shares and of the Purchase Price would be released from escrow upon deposit of the Shares with acceptable transfer instruments and clearing of the funds (with the date that the escrow agent confirms the satisfaction of such conditions being referred to as the “Initial Payment Date”) and that the balance (30%) of the escrowed Shares and purchase price would be released from escrow pending dismissal of the Shareholder Derivative Claims.