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Agree. Could explain the pump and dumps. I was told specifically by the company that the money raised in 2017 was enough to start production and then nothing came of it but more excuses and lies. Its troublesome to hear the same story with no progress over and over. Its even more concerning to know these assertions were made without progress and yet without any revenue, production or sales they are paying themselves hefty salaries. That's a big No-No. Its lookin g more and more like a cash grab on their part. If it walks like a duck and sounds like a duck...
They used this same story in 2017 snd raised a bunch of money. They literally said they would start production right after as Travis AF Base was waiting for an order along many others. And then nothing happened. They’ve received more financing through Lucas a couple of times and still they have nothing. They should not be getting paid any salary until they are profitable. Huge red flag. Irresponsible and their priorities are foul. Speaks volumes about their integrity.
The problem with the narrative about everything being ready to go and just waiting on funding is that they’ve used they story multiple times over the last 4 years. Literally - the same exact story. They’ve raised all the necessary funds before to start production and then nothing happens. These guys are scam artists. When your project has been funded multiple times over with customers waiting and you still can’t produce one item that’s a huge red flag. They’ve been lying for years. Just my own personal favorite experience in dealing with them personally and the same old story over and over.
Is the $1.4M just for one quarter? 2 employees? Pretty rich.
I do. They’re completely inept and corrupt.
Maybe Cool Tech should hire Kayak as a consultant since he seems to be the only one who knows what’s going on and can communicate.
Only thing this company is good for are pump and dumps. That’s their specialty.
How many deals have they talked about that all vaporized? They are a complete sham of a company. They do not communicate with their shareholders and even the ones who did extra funding. They totally disappear and cannot answer emails or questions about the pretenses under which they brought people in. That is inexcusable and shady. If they don’t have enough character to respond to investors that speaks volumes. This is a slush fund for them. Complete waste of time and money. Karma will not be kind to them.
Biden is not getting in. Never was. He’s a national security threat. Trump will follow through.
Thank you
Did anyone jump on the conference call yesterday with Buffet Boy? Curious if there was anything relevant shared. Probably looking to raise money for Cool...again. Lost track how many "offerings" they've had.
Never received the info for the call. Not a good sign.
Was that just released? I don’t see a date.
That’s the only thing they’re paying. It’s all nonsense about funding production. It’s all a Ponzi scheme.
It was a rumor I heard.
Had anyone heard anything about Cool Tech bring in a lawsuit currently?
They’ve had the “going concern” disclaimer for years.
Who’s website? Nothing on home page. They have that same model they’ve been using as a prototype. Doubtful it’s certified. That’s a long road.
My understanding is that it takes years so I don’t any any deliveries or sales in the foreseeable future. Hopefully I’m wrong.
Thanks, Wench. Any idea how long certification takes?
What do they need certification for? It’s already patented
A blog is just someone’s opinion. He could be an insider writing fiction to manipulate price. He isn’t held to any legal standards as it’s only an opinion. No real press releases so the blog on Seeking Alpha is probably another attempt at P&D.
Thanks for sharing. Still no definitive timeframe.
Pump and dump
Oh, they’ll talk to you when they need money. They’ll play the game and give a timeline as to when things were going to happen. When they don’t happen they ghost you. I’ve talked to Tim a few times and then he stopped responding to calls, texts and emails. No explanation of what happened as to why nothing happened. Inexcusable.
Where was that from?
Great find, Wench. Always appreciate your investigative work.
and no signed agreements. Thieves.
We all know they aren't backlogged. They don't have any money, otherwise, they'd be in production. That's always been the issue. The "orders" Tim talks about aren't even legit without down payments.
We all know they aren't backlogged. They don't have any money, otherwise, they'd be in production. That's always been the issue. The "orders" Tim talks about aren't even legit without down payments.
Who thinks with our current circumstances that they won't get funding? Our government has different priorities right now. I don't think this is one of them. Maybe I'm wrong.
How can you tell it was a paid article on Seeking Alpha?
How long before they're delisted? Think that's why the big selloff?
Anyone remember the good old HPVE days? Apparently they never paid on their settlement with Spirit Bear. Too bad that wasn’t made public. We all would have run away asa fast as we could. These guys are going to prison.
So I looked up the “new board members” and I cannot find anything on 2 of them. Literally nothing. If these are real people with real backgrounds them there would be something on them. Zero. Probably not even real people. Just more spinning to stop the bleeding. Their announcements and letters have picked up more as the stock dives. I’m sure it’s not a coincidence.
Awesome! Thanks.
Any idea where I can find the info or attorney’s names? A website?
Thanks for the info.
And do you know how the ended?