The patent moving along in the process is not related to any other news events. Its good to see it progressing. It would be great if it gets approved because this is the patent that will protect their mobile generation market. This is not the first submission for PPIG so CoolTech should of had a good idea of what the patent office was requiring. It it gets turned down that doesn't really mean much because you can make several responses/tweaks to try to get them to accept the patent.
The most relevant news for new investors is probably the news that brought this stock to their attention. The company has signed an agreement with a customer to provide a demo truck for $100,000. If the customer likes that truck then they will buy 214 units (prices will be at least $29,000 based on sale to Craftsmen). It won't be all at once because they expect to be able to bring 25 units on line a month. But it would be good income for a good while. If the company doesn't like the truck there is time to work on updating it so they do. It that isn't possible then no sale and CoolTech has to return the $100,000 (of course they get their truck back).
As a long term investor I feel better about the company now than I ever have in the past because
- we have video of the product operating
- we have confirmation from several third party individuals with deep roots in the trucking industry that there can be a market for mobile generation (including Craftsmen who has agreed to buy 10 units and the farmer's union in Mexico that is the basis of the possible 234 unit sale)
- insider's have not been selling (that has not always been in case)
- the BellRidge agreement gives them access to cash if and when they need it (there was supposed to be a 10 million dollar deal with Lincoln Park Capital when I first invested, but it fell through...the BellRidge agreement is past the point of falling through, it is a done deal).
This company has yet to produce a finalized product they are willing to sell. But I believe the next version will be that version. I doubt it will be on time in terms of by calendar years end, but I am confident they will meet the 60 day requirement to deliver the demonstration truck to the farmer's union. In the past internal investors have used their own money to keep the company afloat. Given the potential revenue for this deal they will certainly do it again if need be.
If you read my posts you will find that I am still cynical and cautious with the stock as they have always, and I believe always will exaggerate where they are now and where they can go. But if you have money you don't mind losing, this is probably a better gamble than just about any other OTC stock you will find. But be careful trying to buy into this when the price is going up. Its not very liquid and will move higher quickly, more quickly than the market justifies. Hopefully if you have been watching you took out a position before it started to rise. It could easily decrease/crash back down if they miss the calendar year end deadline for completing the demo truck.
