Cool Technologies Inc (WARM)

[kayak_wench]

10q was pretty much like all the rest.

The good news in it was the financing they managed to pull in were not the convertible warrant type that can really do damage. The bad news is we still have some of those left and it looks like they will hit before cool tech has a marketable product. The number of shares increased about 10 million since the end of June we are now at about 139 million.

Craftsmen likely wants the new generator design versus the exclusive Ford version with not as adaptable software. If so then no delivery in near-term so no revenue in near-term.

The 10q mentioned a new board member being added, but didn't name that person.
"On June 1, 2017, we issued a 30 month warrant to purchase 200,000 shares of common stock at an exercise price of $0.24 to an individual who joined our board of advisors. We recognized $13,383 of expense for the warrant."
I think that person is the CEO of Craftsmen. Interesting we haven't had a PR on that.

Other good news is that the Wang lawsuit could of been garbage from the beginning "the Company, in fact, filed a registration statement for said shares in July 2014 and the Warrants were in the possession of Plaintiff Gary Zse Kong J.D. and located on his computer and printed at his office "
Sure would be nice to not have a lawsuit hanging over the companies heads.