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Sure would be nice.
Coates International Signs Agreement for Cash Incentives of up to US$787,526,057 with the State of Oklahoma Department of Commerce
http://finance.yahoo.com/news/Coates-International-Signs-prnews-14787489.html
That's a very good point. I would imagine that is what has been holding the stock down. Thanks for providing benefit to this board. Do you have any other earth shattering finds that you can share with us?
What’s your deal Bob!! Do you mean to tell me that you are actually trying to post something that is relevant to this stock? Furthermore where do you get off leaving a post that may actually be considered useful and that has a positive undertone?
Please be prepared for the scum that lurks on this board to destroy any comments that you may leave that could be either deemed useful or are positive in any way.
There are several members of this board that contribute in a positive manner but the bashers infect this board like a virus.
Heavy volume in the first hour of trading then it slowed down with a big gain?
Heavy volume this morning?
Maybe next time don’t introduce your self as "GEORGE IS THE DEVIL"?
Low volume today?
Agreed. And with precast construction large industrial facilities can be contructed very quickly.
When a state offers grants / tax credits in an effort to bring work to an area that has high unemployment they usually streamline the permit process and are more lenient on the engineers and contractors. They want to get the work to their area as quick as possible. These areas tend to be in rural areas that at one point had some type of automobile manufacturing, furniture manufacturing or similar work force and possible vacant infrastructure.
You would be suprised. They could have plants up and running within 18 months.
Stockholders Update: Coates International, Ltd. Receives Written Proposal of Incentives Amounting to $787,526,057 U.S. Dollars and a Tax Credit Package of $779,158,557
Tuesday February 10, 12:52 pm ET
WALL TOWNSHIP, N.J.--(BUSINESS WIRE)--Coates International, Ltd. (the “Company”) (OTCBB: COTE - News) – Coates International, Ltd. has received a written proposal from one of our states, to set-up Coates’ mass production and manufacturing operations in that state. These incentives will be spread over 10 years with the creation of new quality jobs, cash incentive of $787,526,057 U.S. Dollars and a tax credit package of $779,158,557. Management is also in direct contact with the Federal Government regarding start-up funding, etc. Management is carefully studying all proposals from all interested states and countries.
Company director, Gregory G. Coates, is now in China and will rendezvous with James Pang, our company’s marketing liaison in Shanghai to arrange presentations of the Coates CSRV engines and products to a number of prominent entities in that country.
Well To Wire Energy, Inc. of Canada has paid approximately $3,500,000 in non-refundable payments to date. The remaining outstanding balance of $7,500,000 is to be paid on or before the 30th of April 2009. There is also a balance of $49,000,000 to be paid to Coates over 5 years, for the United States exclusive license which is in escrow until the balance of $7,500,000 is paid in full.
Coates is proceeding with limited production in its plant in New Jersey as CSRV Generators are complete. Funds will be wired directly from Canada West Corporation Finance, Inc. to Coates International, Ltd. Finance is already in place specifically for the actuation of Coates products to Well To Wire Energy in the amount of $1,600,000,000 U.S. Dollars for the purchase of 7,404 CSRV Power Systems supplied over five years.
Heavy Truck Diesel CSRV retrofit engine has been completed for some time now. This engine is managed by computer systems. Setting up, mapping, etc. is taking longer than anticipated. However, we expect more information on this project will be forth coming as soon as testing starts.
Coates received two GM V8 engines used by Husky Oil of Canada for pumping and compression. These engines are converted to run on natural gas, but the poppet valves do not last, and maintenance is high and expensive. Coates will retrofit the CSRV System to these engines. We have been informed that there are more than 30,000 of these units in one oil rig section alone. This could mean significant revenues for Coates International, Ltd.
As the Company ramps up and enters mass production, management estimates the creation of over 10,000 new jobs at each Coates’ production location. We anticipate production operations will be set up in four states in the United States.
Coates International, Ltd. has completed its five year Business Plan. All existing stockholders may receive a copy if they so desire. Stockholders that live local may pick-up a copy at our plant in New Jersey. Stockholders that are not in the vicinity must pay postage. Please contact Coates International at (732) 449-7717.
I have to agree with Tiger 1. I think that he is one of the few people on the board who have a clue about what is going on.
ROAR
Tiger Too
well said.
This must all be a lie and bad news. I hate George Coates.
(I just want to feel like I belong on this board)
why not?
any insight on what this means?
I actually see him when I'm driving to work some days. Should I give him a one finger salute?
They did tell me that it would be up by the end of Novemeber. Not that this means much at this point.
That can’t be right with a single 855 cu motor?
1 gigawatt = 1,000,000,000 watts (more power then most towns use)
A large diesel generator application is maybe 2 MW per unit.
1MW = 1,000,000 watts
Does anyone know how many MW these generators will be?
thanks for adding more value to this board.
Now it seems as though this board is back on track with pointless, negative and unintelligent banter from the usual suspects. Rick should be happy that no one is hurting anyone’s feelings, just spewing out negative comments about the stock and George. I never realized that the purpose of this board was to destroy the stock that these investment geniuses decided to purchase. Everyone bought this stock on speculation and if you haven’t been watching the news let me tell you that making decisions on speculation may not be the best idea if you don’t have the money to lose. If you spent your lives savings buying this stock then you deserve what you get. I didn’t and I still have faith that something good may come out of this. Hell, there are hundreds of millions of people in this world who have never seen god but they continue to have faith.
I have nothing to loose at this point because I went into this investment understanding the risks and the history of the company. I continue to come to this board with the hopes of finding some pertinent information good or BAD. Ridiculous posts from people who have lost their shirts are not only uninformative but annoying and I can’t stand annoying people. This isn’t little league and everyone is not going to get a trophy.
Maybe a little positive vibe could change our luck because I know the negativity on this board isn’t helping.
Increase the peace. ;)
yeah you are so cool and smart, can we be friends now?
Let's all meet at the bar and we can see who shows?
I wish that there was an area for profiles on this site so we could get an idea of who is posting.
My name is my login LKopsaftis (no need to hide)
I'm a senior fry chef at an international fast food chain
I’m not married and have never dated but I would like to meet new friends
My build is short and stubby
I’m passionate about hairless cats and I love toy dogs
"JohnyIROC" enough said...
I figured you and tiger were buddies.
That's almost funny. ;)
Thats a lie! I watch the o'reilly factor.
Who is this rightcoasttoph character? He really seems to know what he is talking about. I think that he should run for president or something.
No worries.. I deal with unintelligent people all day. It's the contant bashing that I cant stand.
Thanks Rick-
You're a well guy!
I think that most of the COTE supporters just don’t waste their time commenting to the unintelligent posts that seem to plague this board. Additionally it’s only acceptable to bash George Coates and the stock; responding to any asinine post will only lead to the post being removed and the poster being warned.
Correct me if I'm wrong but I thought that "Well to Wire" was going to use the generators to pump natural gas lines?
On paper it all sounds good, now we just need something to actually happen.
Doesnt anyone miss me?
Well I guess you will have sold your stock by the end of today and we wont have to hear from you any more. Good luck and good riddance.