Trust? Did I trust these prior lofty sums that didn’t make it?:
May 7, 2009/PRNewswire-Coates International -- The company has received non-refundable payments from Well to Wire Energy Inc. of Alberta, Canada. These payments are for licenses to the Coates CSRV patented technology for power units used in the oil and gas industry, payments to date total $4,003,183.03 because of these good faith continuous payments made to the company and considering the economic climax. The company has extended the payment date to July 31, 2009. However, Well to Wire must continue to pay down the remaining balance of the $11,000,000.00 USD of which is $6,996,817.00 and when these payments amount to 45% of the original $11,000,000 which is $5,000,000, their risk substantially diminishes.
Friday, April 6, 2011 - WALL TOWNSHIP, N.J. – (PR NEWSWIRE) – 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.
WALL TOWNSHIP, N.J., Aug. 2, 2013 /PRNewswire/
The Company has a number of products that it intends to produce in large quantities and has $57,000,000 in firm orders for these products and provisional orders from its exclusive licensed distributor in Canada estimated to be worth $1,700,000,000 USD per year.
WALL TOWNSHIP, NJ--(Marketwired - Feb 24, 2015) - Coates International, Ltd. (OTCBB: COTE) (the "Company") the company has executed a $100,000,000 USD License Agreement with the Chinese today.
WALL TOWNSHIP, N.J., Sept. 11, 2017 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) was notified on August 31, 2017, that H2 Development Corp. has taken over the Alpha, New Jersey project. Project planning has been approved and funding of $35,000,000 USD is in place.
So yeah, trust is an issue.
