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I would suggest doing your own due diligence – read the updates and determine your investment based on this speculation. There are a few guys on this board that can provide you with some useful information but for the most part it is tainted with unintelligent and useless banter.
ASHRAE 90.1
Brilliant
exactly
up today 20% with nice volume. i would imagine if one of the enlish majors from the board wrote the release it would have went though the roof!!!!
jamesdond - no updates?
really...
Kudos Rick
I have to agree - very strange...
well said...
stock up 40%
Kudos to Jamesdouche he has managed to have a huge impact on the stock by blowing off a lot of hot air and meaningless “creative writing” post. If he was half as smart as he has lead the masses to believe he would be working on his own products rather then expressing his discontent for Coates and his products. “BLAH BLAH BLAH – here in California we do this and that” – obviously you are not doing anything that is relevant or you would be busy working. This man has surfaced out of the woodwork with his “wealth” of knowledge and is sharing it with us out of the kindness of his heart. I could understand one or two post but he is a regular on this board as well as Yahoo. Agreed that Coates is on shaky ground at best at this point - but all the same guys have all the same complaints and never sold any stock. WEIRD!
Those who say don’t know – those who know don’t say.
The only hot gas I see is in your post!
Anyone with half a brain has to realize that something is up with this Jamesdond character that has recently come out of the woodwork with this “wealth” of information and history on Coates. Not sure what his deal is but part of me thinks he may be the best news in a while – he potentially has had enough influence to drop the price of the stock and spike the volume. Very interesting…. Note he is also on the Yahoo board too.
are you for real?
I understand everyones frustration and how difficult it must be for a “non-engineer” stock holder to understand how Coates thinks. I truly believe that Coates wants nothing more then to fulfill all of his promises. I don’t think they are lies, you need to keep in mind that this would change the way the whole automotive industry operates; big oil / automotive industry has been involved in stopping any such technology from being mass produced since the beginning.
Also keep in mind that the economy shit the bed a couple of years ago. I work with fortune 500 companies – some of the biggest companies in the world and seen them mothball billion dollar projects and completely change the way that they handle financial (i.e. watching every single penny). Not too many people have been willing to dump massive amounts of money into a speculative company – I think that they were close right before the recession but it was just too late. Recently I have seen the international industry start to come alive again and billion dollar projects going to the design development phase. This is a good sign and hopefully the timing will work out this time around.
Although this cap and trade deal is a bunch of shit it will force huge mission critical centers whom need to rely on n+1 generator back up to look at ways to reduce their “carbon footprint”. Additionally I think that we will see a huge increase in the use of natural gas used in trucks, cars and generators over the next 5 years – but I digress…
Why would anyone whom deems this to be a scam or worthless technology hold on their stock, if you are right it will eventually be worthless? There have been times where you could have taking the money and walked away from it all. Lets be real – you are frustrated but you do believe in George Coates and his technology or you need to get your head checked.
0 volume?
with "CHINA" - god I hope so... ;)
There is no way in the world that the SEC does not keep an eye on George. Plenty of investors bought in the 30's this week and no one is looking to let it go for much less.
Time will tell.
I dont think that we are going to see 10 anytime soon traded near 40 today
Hey - still trading in the 30's? I was going to bet the mortgage if it droppped into the 10's.
Anyone getting ready to buy?
Still investors willing to buy at 30?
Does anyone plan on getting out before Friday? If so I would imagine it is time to jump ship now.
I think that if it went in to the 10-cent range I would be willing to bet on at least one more rally? I think old George must have at least one more trick up his sleeve.
Either way I guess time will tell – maybe just a short period of time.
Why would he have purchased 500 shares or 100 shares?
Any thoughts?
14-Apr-10 KAYE BARRY C
Officer 500 Direct Purchase at $0.32 per share. $160
12-Apr-10 KAYE BARRY C
Officer 100 Direct Purchase at $0.32 per share. $32
I guess only "more" time will tell...
Monty Ravlich’s Experience
President and CEO
Almont Energy Inc.
(Privately Held; Oil & Energy industry)
February 2010 — Present (2 months)
The company provides electricity through the burning of biomass gas, propane, natural gas and diesel.
COO
Sanjel Corporation
(Privately Held; Oil & Energy industry)
February 2007 — April 2009 (2 years 3 months)
That would be nice.
Businesses constantly form and dissolve companies. Most of this is for legal reasons that I don’t even care to understand. I can understand the concern with the stock as a whole but don’t think the creation of a new company is significant one way or another.
There is normal activity Monday through Friday at the building. I would say 15 to 30 cars on any given weekday. The building is fairly well maintained and George’s car is there almost every day.
Thanks-
Great information Rick.
Update
Any thoughts on what this means?
Feb-2010
Regulation FD Disclosure
ITEM 8.01. OTHER EVENTS AND REGULATION FD DISCLOSURE
On February 12, the board of directors agreed to the issuance of 4,001 shares of Series A Preferred Stock of the Corporation (representing 40,010,000 voting shares) to George J. Coates in order to restore the original percentage of all votes originally held by the Coates Family at January 1, 2005. The Coates Family shareholdings has been diluted as a result of various issuances of new shares of stock in connection with raises of new equity capital during the period from January 1, 2009 to February 12, 2010. As a result, they have requested that as a prerequisite condition to issuing any further shares to new investors and/or lenders, that George J. Coates be awarded shares of the super-majority voting shares of the Corporation's Series A Preferred Stock, $0.001 par vale per share in order to restore its original percentage of all votes that it held at January 1, 2005. The Series A Preferred Stock does not share in any dividends and does not have any liquidation rights.
In order to enable the Corporation to raise urgently needed working capital, the board of directors deemed it advisable and consented to authorize the issuance of additional shares of Series A Preferred Stock to the George J. Coates to restore the Coates Family's voting percentage upon any future issuance of new shares of the Corporation's common stock as a result of a sale or conversion of securities into common stock (except that no Series A Preferred Stock shall be issued to George J. Coates to restore the Coates Family voting percentage in connection with any new shares of common stock issued upon sale or conversion of the Corporation's securities issued pursuant to public offerings by the Corporation).
The issuance of shares of Series A Preferred Stock to George J. Coates does not have any effect on the shares of dividends or liquidation value of the holders of our common stock. However, based on 275,919,661 shares of common stock outstanding as of February 12, 2010, the voting rights of the holders of our common stock will be affected as follows:
Percentage of voting rights held: George J. Coates All other shareholders As of February 12, 2010 85. 73% 14.23%
Immediately after issuance of the 87.11% 12.89% Series A Preferred Stock
Yes, I can see your point. Please keep this valuable information coming.
agreed. I was thinking along the same lines.
I think that is the million dollar question!
Depending on if they buy an existing structure or build from the ground up. Building in NJ can be a pain in the ass I'm not sure about "rules and regualtions" at the other site location. With the right guys on board I say 18 months is definitly possible.
Existing 1,000,000 sq-ft structure in OK would allow for them to get a manufacturing plant up and running much quicker.
It is very difficult to build in NJ and OK has much more lenient building codes and requirements.
Tax incentives and rebates?
Some states will consider the equipment in a manufacturing plant as part of the building and tax the company on them.
Due Diligence
Engineering reports including existing systems and environmental reports take time to prepare.
Labor pool
Labor cost / Unions