Cool Technologies Inc (WARM)

[Tanker12]

Friday I liquidated a 100%of my position. This stock is done even as a pump & dump stock. Which is what hoppel has been doing with it for years.

[Sj7171]

At least with the market being closed today, we won't see more dilution. Shares outstanding are up to about 612,000,000. The increase in trading volume always has led to more shares being issued. Tim's buddies Hoppel and whoever else are just taking the regular shareholders to the cleaners. I am sure Tim is too busy trying to get this miraculous financing so he doesn't even realize Judson or Quinten are issuing these shares to the convertible debt holders. Or Tim is too busy talking and not listening or ignoring reality.

[Sj7171]

You are 100% correct. Tim, Judson, Quinten and the other clowns they are associating themselves with are all living in a fantasy land. They don't realize they have burned through a lot of cash and have absolutely nothing to show for it. The dilution will continue until even Hoppel or whoever else they use to play this convertible debt game with decides this game has grown old.

[Sj7171]

Getting closer since they can't seem to manage anything else.

[Tanker12]

Can anyone say sub penny? Here we go

[drtc]

Sadly I’m well aware of the death spiral. Todays action seems to be along those lines.

[ChicagoBoy]

The dilution is occurring daily. It’s commonly referred to a the “convertible debt death spiral”. The converter, most likely Hoppel, sells shares short all day long, called “shorting into the box” and then gets the shares he sold issued to him at a discount on the close. He really is never long the stock so he doesn’t care that it goes down every day. Today is a perfect example of how this operates. Every decent size bid is hit by the converter, as it was today, and the total shares sold by the converter are the issues at a discount on the close. Today, it was 1,060,038 at .0141. This will continue every day until the tranche being converted is complete. That is why the stock has virtually no chance of going up, unless you believe that someone will lend this company $9 million at 5.85% with their intellectual property as collateral. Good luck. ClevelandRocks because AZ doesn’t

[drtc]

Where was this information found?

[Sj7171]

Yes, there was additional dilution on Friday. It keeps on going up and up. The dilution, not the share price.

[drtc]

Was there new information showing dilution?

[ChicagoBoy]

Best hope is that Justin Quentin and Tim can get to Oz for a heart, a brain and some courage before the flying monkeys get them. ClevelandRocks

[Sj7171]

Surprise, surprise, more dilution. Outstanding shares increase again! Tim's buddies are sure making a killing on this stock, while regular shareholders keep getting diluted. What a joke this has been for so many years!

[GorillaDaddy]

Jose — still here? I enjoyed the ride to .09 after waiting 4 years — good gainer under sub penny —- I don’t have faith in this stock long term — however if someone can let it go sub penny that would be the time to slam it in

[JoseCabo]

This is a P and D. Even their transfer agent was convicted of multiple felonies over P and D. That’s probably why they chose him.

[Sj7171]

Last month of the second quarter is beginning today. I wonder if Tim will have any of that non-dilutive financing, he was promoting in the 10-K and included in the first quarter 10-Q. Haven't they been working on that going back to AON? This must be financing that no one in the investment world understands since they have been talking about it for years now. Also, what happened to Steven Wilburn the savior. Didn't he have connections to the Import/Export Bank or something to that effect? Everything they have talked about never comes to fruition.

What a waste of technology thus far!

[Sj7171]

Can't disagree. Only thing is they won't disclose the check list because they have not had a press release besides the regulatory filings showing how much convertible debt is issued to their buddies.

[ChicagoBoy]

Cool Technologies May Checklist

1) issue 10-Q showing no revenue, no funding, lots of share dilution and full salaries for the clowns- CHECK

2) tweet about climate change to the followers- all 7 of them-CHECK

3) add to the running total of money lost since inception- closing in on $60 million- CHECK

Excellent month boys- keep up the good work

[Sj7171]

I think you are right. More of nothing. The 10-Q is due soon and the subsequent event that was in the 10-K has not come to fruition. If they file or extend the 10-Q, then at least know someone is still plugging along at the Company. Your are 100% correct, CLOWNS!

[ChicagoBoy]

Just about time for a tweet that reminds us that 1) someone at the company is still alive and 2) that the climate changing world we lives provides tremendous opportunity for this company, 3) that they are doing absolutely nothing to take advantage, and 4) that management is best to make animal shapes out of balloons. ClevelandRocks

[JoseCabo]

They’re not advertising because they don’t have a product to sell.

[Frank1967]

I am also going to say if this has not happened yet there must be a reason maybe they’re not advertising it to anyone including shareholders because there is something already in the works whether it is going to be sold or what have you at least I am trying to convince myself that is the case

[Frank1967]

Hey Tim I have an idea if you’re having a hard time getting funding if you’re having a hard time getting this product out you can always try shark tank even if you give them 30% of the company they’ll get the ball rolling and by the way you and the other three or four people that are involved in us should step down I know as a company this product is not going anywhere but I will tell you the patterns that they are on a worth a lot of money look at the Ford F150 lightning plug it into your house and it will provide power for three days that power is feeding a battery and you are supplied by battery power The difference is with warm that you are actually using real time power not power that is stored in a battery which can also be added tons and tons of batteries that are charged by a single engine let’s go the time has come move this company forward or step to the side getting a 15 or $20 million loan today is not that hard !!!!!!

[JoseCabo]

Non binding agreement. Why bother saying anything. There’s literally nothing to announce. It’s all an idea and concept. These guys are pathetic.

[Sj7171]

I would have thought after two weeks, something would have transpired. No 8-K, so nothing must have happened yet. Maybe they got that confused with the 10-Q. They were probably thinking we need to continue to put that financing subsequent event teaser in the 10-Q since it will be out in less than a month. They can't even get the K and Q correct.

[ChicagoBoy]

Gang- this stock is shouting, no, SCREAMING, that it is getting funding. Surprised you can’t hear it in Arizona, Orange County and across this great pump and dump world. We know it because our transparent and competent management team put it in the 10 K.

[ChicagoBoy]

Kinda surprising that you’re not backing up the truck down here. Please note sarcasm

[Sj7171]

From 10-K:
The debt financing will be structured as a promissory note with a security interest. The first priority security interest will encompass all intellectual property (“IP”) owned by the Company on the closing date and all intellectual property acquired by or issued to the Company during the term of the 36-month note. Also included as collateral are all equipment and contracts related to the IP.

Looks like IP is the collateral and it will not be convertible debt. If they get the amount they stated, I would think most of the other debt would be eliminated, especially any convertible debt.

From 10-K:
As the signing of subscription agreements are definitive actions that the Company will receive some, if not all, of the funds promised, Cool Technologies has included this subsequent event. Once the final documents have been signed and receipt of funds has commenced, the Company will file a formal notification on Form 8-K or by reference in Form 10-Q

I am not quite sure how the subscription agreements work in terms of being legally binding and so forth, but it looks like this is moving down the road. Hopefully, sooner than later.

[AZrocks]

That’s why they have to put this financing announcement in the 10K, otherwise they would be open to lawsuits for not informing the public about meaningful events. Now that it's set in stone all there is left is receive the funds and fill the orders! Took long enough but looks to be on track for great success! Also keep in mind, the company is taking on debt… I don’t know what it’s using for collateral, but it appears this is non-dilutive or they would have had to say convertible debt. If this is the case, that is huge… That makes it well worth the long wait… Deals like that have rarely been done on Wall Street, although they have been done.

[Sj7171]

You are correct, the 8-K will substantiate funds have been received. As far as the increase in price, that will be interesting to see. What will be even better than funds being received would be some customer orders. They had a lot of discussion in the 10-K about the level of customer interest and so forth. Things may be falling in place, especially if the Company finally comes through with some meaningful financing to commence delivery of MG Trucks.

[esi23]

I will wait for the 8k for the 200%run

[AZrocks]

YES, it said this…. Cool Technologies, Inc. and 3&1 Capital Partners, LLC, signed a non-binding Memorandum of Terms for Debt Financing pursuant to which the Company is due to receive gross proceeds of at least $12.5…

BUT, then it said this…. Within the past 2 weeks, buyers have signed subscription agreements….

AND ESPECIALLY this…. As the signing of subscription agreements are definitive actions that the Company will receive some, if not all, of the funds promised, Cool Technologies has included this subsequent event. Once the final documents have been signed and receipt of funds has commenced, the Company will file a formal notification on Form 8-K or by reference in Form 10-Q.

I would add that “the nonbinding part of the memorandum likely refers to 3 and 1 not being bound to fund Cool Tech until 3 and 1 raises their funds through their subscription agreements…. Now that they have signed subscription agreements they can fund Cool Tech which is why Cool Tech has to announce it, by law because it’s a “meaningful event”

So expect another announcement soon!

[ChicagoBoy]

Pretty sure “non-binding” still means what it used to

[esi23]

The 8k will pop to .10

[esi23]

10Q doesn’t lie that was an auditor

[HighYieldStocks]

Late afternoon I found what was hidden in plain sight in the lengthy annual report. ... https://www.sec.gov/ix?doc=/Archives/edgar/data/1399352/000147793222002457/cool_10k.htm

[HighYieldStocks]

Volume before price...keep going, $WARM

[ChicagoBoy]

Just a quick reality check…

1) it doesn’t take 2 years to finalize a deal
2) who lends $10 million to a no revenue company with a 92 year old CFO and 2 other employees
3) feels eerily similar to the pump and dump “ seeking Alpha” nonsense in early 2020 that drove the stock to 3 cents from half a cent right after 100 million shares were converted

That said, I’ll donate 50,000 shares to charity if they get funding. I’d choose Els for Autism but am open to suggestions from this board

[Sj7171]

If this funding source is as far along as they state, then it looks like they may finally get their funding to get things rolling. This just may be what we shareholders were looking for from the Company. This may be the final road to production and sales!

[esi23]

Looks good to me. Maybe we revisit .10 soon enough !!

[AZrocks]

Looks like funding to me!!!

Here’s what all these smart people missed ?? CT is getting their funding. Time for profits!

Page F-25 - “On March 11, 2020, Cool Technologies, Inc. and 3&1 Capital Partners, LLC, signed a non-binding Memorandum of Terms for Debt Financing pursuant to which the Company is due to receive gross proceeds of at least $12.5 million.”

This means non dilutive!! Or they couldn’t say it!! This is contingent to 3&1 getting signed subscription agreements.

More from the same page: “Within the past 2 weeks, buyers have signed subscription agreements.

As the signing of subscription agreements are definitive actions that the Company will receive some, if not all, of the funds promised, Cool Technologies has included this subsequent event. Once the final documents have been signed and receipt of funds has commenced, the Company will file a formal notification on Form 8-K or by reference in Form 10-Q.”

[Sj7171]

There was a lot of the same, same (new convertible debt to finance operations, convertible debt converted into shares, salaries paid, etc.) in the 10-K. However, there was one interesting item in the subsequent events regarding financing.

This is the interesting part:
Since the signing of the Memorandum, definitive documents have been drawn up and financing instruments have been created and packaged. Central to the provision of the funds is the successful underwriting of the financial instruments. Within the past 2 weeks, buyers have signed subscription agreements. In addition, Cool Technologies and 3&1 Capital Partners have polished and perfected the final funding documents.

As the signing of subscription agreements are definitive actions that the Company will receive some, if not all, of the funds promised, Cool Technologies has included this subsequent event. Once the final documents have been signed and receipt of funds has commenced, the Company will file a formal notification on Form 8-K or by reference in Form 10-Q.

[NoBearsHere]

Hmm, after reading the 10K, I still can't fathom how/where revenue is sourced to pay for salaries, audit fees, etc. Even after warning shareholders of the inherent risks of their business model, the stock is up 20%..What am I missing?

[HighYieldStocks]

https://fintel.io/ss/us/warm

[Tanker12]

Funny… but accurate

[Sj7171]

LOL.

[GorillaDaddy]

Come on down —- I need this lower sub Penny

[ChicagoBoy]

Here’s the 10k

1) we accomplished nothing in 2021
2) Quentin, Justin and I all took a $200k salary
3) we could not pay Lucas back so he converted his debt to stock at a 28% discount and diluted you poor suckers
4) we just borrowed more from him so we can keep paying ourselves-see #2
5) We all made money at your expense and don’t care
6) Fortunately, Bradley Cooper made a movie about carnies and geeks so us clowns are under the radar

Until next year, best regards

Your humble CEO

[Sj7171]

It looks like the 10-K is not due until Monday the 18th. Must be some holiday or something. Nevertheless, same issues, same people. Same lack of communication.

[HighYieldStocks]

Wow +23% and more than three million traded shares...someone knows sth????

[Sj7171]

The 15th we will know how many shares have been issued to Tim's financier, Hoppel. It should be in the body of the 10-K. It will also be interesting how many shares have been converted/issued since the end of 2021.

Maybe Tim should issue a press release on the progress of the product. The product is the reason we shareholders invested in the Company. I think Tim may have forgotten that and an update would be beneficial. We didn't invest in this Company to make his financier, Hoppel, rich.

Let's hope for some sort of miracle!