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After today's 90 cent drop and back up a bit..... could be two weeks to the target of $8.20. You just might get the $12 for Christmas. Now, where did I put that egg nog?
SPM555 Your point is well made. His vociferous statements are probably an idiosyncrasy of a great mechanical mind placed into a hotly contested investment market. It begs a humorous poke now and then. I intend to hold for a much better day. A day in which all investors of COTE may share quite well.
Hey folks..... let's see, I have an H2 generation machine feeding into a Coates CSRV engine, I have a new money bunny in Saudi Arabia by the name of Saltus and finally I have huuuuuge plant(s) in China being readied to churn out CSRV engines to a captive market. Damn it !!!!! I just do not have enough money to spend on more Coates stock. No wonder there is no open house...... he is far too busy to have a one day walk through for the investors. Wow..... I just got off the phone to a body mill in Junglelumia that says they will give me 500,0000 shares of Coates stock if I give them my heart and lungs, sounds like a good deal to me. The friendly folks at the Junglelumia Hospital #1 will give me an additional 200,000 shares if I sign up an additional organ donor..... any takers? OK, I will just have to sit on the amount of Coates stock I nave now and continue to breath.
I would be happy to be a part of the private placement for preferred shares. It will come down to Coates approval of my investment status. I have made several other private placements and they have taken years to come to fruition. Their fruition has been quite rewarding but the ups and downs are enough to scorch a person's brain to briquettes. I have no inside knowledge but can appreciate the nerve wracking position that Coates is in. My investments simply boil down to potential efficacy of the invention and not the machinations through which a company has gone. This may be a lousy way to invest but it has worked for me and I sincerely believe that you who hold the stock, will be financially rewarded with a significant profit.
Every once in a while George Coates impresses me. The HHO (Browns gas hydrogen) generator is the eyeball attraction gizmo. It is window dressing to attract the casual observer to the running of an engine on some type of freebee fuel. Coates is aware of the return on expended energy to create energy from tap water. He is not stupid. What he is truly demonstrating, skillfully at that, is the engine is running on crappy hydrogen with no lubricant value to the valve system..... no lube folks in the valve system, CSRV to be exact. The reason is, he is using a carbon block which is hollowed out to fit the spherical, rotary valve and maintains a constant pressure against the valve with a Belville type spring.
The type of carbon used is capable of running red to yellow hot, as might be demonstrated on the specialty carbon race brakes on certain race cars. The brakes are designed for friction while the CSRV carbon seals are designed for minimal friction but the heat capability still stands.
That the engine runs is the point of the news..... not the HHO gas. The long starter run time before the engine catches is because the inlet plastic tubing was not filled with fuel (HHO) and had to run for a number of seconds. It is this type of long start time that seems to escape George (inventors in general) as 'optically' some type of a glitch or even a failure. 'Optics' such as a protracted start up should be explained immediately or, in this case, pre-charge the gas line so the video works better.
In any case, the engine runs,,,,,, screw the damn gas. The HHO gas simply demonstrates the engine works quite well. A poppet valve engine would have seized rather quickly. Hats off to George and Gregory.
DUH! I meant COTE shares............ now, on the other hand, 60,000 shares or CERS would be a REAL wedding present..... my favorite stock too.
I would be very interested if it was 6 million shares, somewhat interested if 600,000 shares and have no interest in 60,000 shares. Some bride's father probably gave $3,600 dollars worth of CERS stock to the groom to make a good impression. Otherwise, I will keep cheering for the company until my head is completely under the water...... my best to all the investors.
As a tech nerd, when someone says fuel from water, I am immediately placed into deep suspicion mode.
Bottom line is, using electricity to create Brown's gas (hydroxy, dirty hydrogen) to power an internal combustion engine to produce electricity, requires some efficiencies that are at best straining scientific credulity.
If that was the direction of Coates initially, years ago when I started my investorship, I would have run the other direction. The valve system is the only relevant patentable device and so too, the selfadjusting wheel bearing.
I will be happy to attend the open house and see George and Gregory again, as I have a question or two that need attention.
For now I shall hold the stock and see what come of the Coates enterprise.
Wow cote , down to 1 cent huh? Any prognostication on whether it will be a reverse split of 10 to 1, 100 to 1 or maybe 1000 to 1.? Take a guess, you are on a roll here.
I do not think that George Coates is quite ready to let Gregory take over, yet.
Should be interesting and the first gross loss I have taken in thirty years.... I must be getting too old.
I do hope that is a rumor and not reality. Even in the sweltering summer heat of the Jersey pine barrens, that would be a cold, cold shot.
I follow COTE daily but do not keep count on the volumes. It seems to me, that there are a type of very short term investors that know if they keep their time frame short (a few hours or days) that the price WILL jump up by $.01. By following some of the investment armatures a $12,000.00 purchase gives 400,0000 shares, and a penny up is a an 80% (my number) certainty in a particular cycle. My numbers on that can be all wet but in the end someone will pick up the profit.
My concern is not for the 400,000 share purchase at 3 to 5 cents, but instead, a 10 million share purchase. $300,000 or more purchases would get my attention way up.
The problem with COTE is that the application itself is so unique and the situation that would precipitate its adoption would need to be so profound....... it is then very difficult to set any time line for a profitable payback for the stockholder.
As a pure investment logic, my investment in COTE is a loss the day I purchased. I am at a loss also, to explain the nature or reasoning but I am very happy with what I have seen and 'thisismynuttoo' was absolutely correct in wanting some proof...... any proof.
When the stock hits a dollar I will smile very little, because a whole world of goodness would have to occur before that ever happens..... I am afraid 400k shares is but a drop in the oil pan.
That all said, if I were to hope, I would hope you are onto something good.
Maybe you will do better with the new stock than you did with the COTE. I have no idea of your purchase and sell criteria but I can only assume it was not favorable and I certainly would like to have seen you make a healthy return on the COTE.
I will keep my COTE stock because it was purchased at well under 10 cents per share.
I will have to try some of the drink you sell in your store. Snapple had to start somewhere and as always, drinks are a fickle market. Best to you in your store and stock.
Medroul, how correct you are. Well worded and made most easily understood without theatrics. I too was wondering about the big money from some kind of Green Mountain but nothing seems to have developed. I thought that Coates had someone that wanted his engine to run on Brown gas but again that seems to have melted away and Coates made his own generator to demonstrate his valve train. It would be nice to know for whom the demonstration was specifically aimed or how he envisions the application to be profitable for the company and investors.
I am not a company affiliate or family related but if I were George Coates I might have reservations about having led you through the company, only to have your visit in good faith, turned 180 degrees into a fifth column. Reread 3886, until memorized.
Now, just to show you that I have no better idea than you in which state of this great country Coates has chosen....... I will state, with no reservation, that the move will be to Kentucky.
That is a 'wild guess' and therefore more credible than your assertions.
Fantastic counter arguments. Pure fantasy more like it. You must therefore be a victim, no shame in that, victimhood is very popular these days. OH, and try the words 'Safe Harbor Statement'.
No, I am definitely not family, friend or any type of business partner (other than investing in the same stock as you). The difference is that you wished to make money and I wanted to make a machine work better and make money. When you invest in wishes you are bound to get disappointment. You have not performed due diligence. You sink to blaming the Coates family and that is very wrong.
Had you performed due diligence as I did, you would have reconciled it as a discretionary loss at the beginning and not a childish wish to riches. I wanted (not wished) to make an investment with a great potential but knew well in advance that the possibility for a strong outcome was in single digit percentage.
I am not sorry you have lost money because you have learned much in return. Calling me names serves no good other than bringing your hostility out against someone who spoke truth and you could not fathom a different opinion than yours, of being jaded. If I were George Coates and Gregory, I would do as Mellon, Firestone, Bell, Wriggly, Edison, Stienmetz, Ford, Gates, Jobs and others who succeed in the face of protracted adversity....press on with my invention.
I am very happy with my purchase of COTE stock and will be grateful for having the opportunity to purchase a share of a mechanical marvel. Whether or not it succeeds financially as a gain for me is of second importance. I have won many and lost a few. This country by the grace of God has allowed me wealth and the ability to return that wealth to others. I pray that someday you will be able to say the same of this.
I have been to George's company in Wall Township, NJ and seen his ideas in the metal and working on the floor. My background is in mechanical engineering and over thirty years in the computer industry.
Having retired to solely invest, I am not suffered by fools and foolish inventions. I have bought tons of his shares and although down quite mightily, I persist in buying more at .02 an.03.
Why? Because his valve system is most probably the only system that can be optionalized to a current engine on a parallel production line for fitment. The fitment having less parts, fewer assembly actions and a much more profound positive impact on engine longevity and efficiency.
If you have lost money.... that means the shares you bought were sold and sold at a loss, most probably.
Typically, if you do not understand (thoroughly) a technology and the tremendous resistance an invention must negate towards its adaption, then you are destined to repeat absurd results with your buys and sells.
Buy it and sit on it for years as I have done. As one famous investor once said "it takes at least 5 years to become an overnight success."