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Nice analysis WWG. Thanks for taking the time and posting.
Don't forget this. "Coates International, Ltd. has received an irrevocable, non-recourse unconditional letter of credit for $30,000,000 USD which it intends to use as collateral for a new loan facility. This loan would provide the necessary working capital to enable the Company to ramp up production in the United States. The Company intends to manufacture its CSRV industrial, natural gas, electric power engine generators for the oil and gas industry. The letter of credit must be accepted by a bank or funding institution as collateral for a loan facility. There can be no assurances that it will be accepted.
Management believes that, if accepted, the prospective loan facility combined with the Dutchess Opportunity Fund, LP equity line of credit for $20,000,000 USD that the Company secured in June 2011, may provide sufficient working capital to fulfill the Company's current business plans.
The Company is continuing discussions with a number of states to identify the overall optimal package of incentives and location for establishing its manufacturing and assembly plant.
The Company has received projections from its licensed distributor in Alberta, Canada estimating its requirements to be more than 11,000 CSRV natural gas industrial systems.
The Company's distributor in Alberta, Canada has advised that once the CSRV natural gas engine generators start shipping in larger numbers it will be in a position to pay off the remaining balances for the Escrow Release Payment of $5,847,000 andthe United States license of $49,000,000.
Funding will come soon. No brainer. Surprise source. Watch! IMHO
Would like to know if they are booking any revenue from the Mexico business ?
My take is that they will be filed end of March if they follow the SEC guidelines.
Understood about the 8K. I expected to see a 10Q for December 31,2015.
Thanks for the feedback. However, I have seen companies file Q4 10Q in addition to the 10K.
Why haven't they filed the late notification for the 10Q? Late was expected considering what it takes to put the acquisition together and audit. Not happy with the silence.
According to SEC the 10Q is due 45 days after December 31. The 10K is due in 90 days from December 31st.
That would be a great proof of concept step for the rest of the industry. But what do I know.
Nice steady moderate movement up.
I think so and higher.
Yes there is a tell tale sign. I have used it successfully to know when it is time to sell. It does not happen 100% of the time to indicate the end of a run but it happens often enough to be pretty darn dependable.
Traps are always there but you have to know the tell tale signs when it is about to happen. I don't see it yet Watch Watch Watch
Possibly under certain conditions but it probably will go higher before that happens. Watch Watch Watch.
The smart ones will now when it is time to take profits and it is not today unless I see the sell signal later today.
Part of that 2.5m bid is my 200k.
It seems strange and way out of the ordinary that a vendor would reply to a stockholder of a customer in this manner. Skeptical about this to say the least but if legit we will know eventually.
Loved those cheap shares.
Its surely a hint but it would be easier to judge if the # of miles was disclosed.
Thank you Ankor. Something to digest and think about. Appreciate your feedback.
RE: Mercedes. It would help if the # of miles driven with the CSRV was disclosed
Still need data from independent source that verifies how much reduction in emissions.
What is this all about ? "....Energy savings was measured at 27.5 to 30.4% less than standard units." Translation please. My interpretation is not so good.
Most stock is held by the broker in their name. The actual shareholder count may be a lot more. Someone tell me I am missing something.
Noticed that. Its all good. Expected a pull back after 4 days. Need some buyers to bid it up. If not see it consolidating between .049 and 06. Smart money still wants to lock up cheap shares if they are available. Not like before 2000 when you had 2 week runs.
I am looking at my crystal ball and it says it will come when it will come.
In for cheap and the long hall. Not worried about days or weeks.
Absolutely!!!
"must get into production in large numbers of products as fast as we can while orders are still fresh. Whether it takes place in the USA, India or China. We may also consider a joint effort with Cummins in the USA or China. This will depend on how talks go." Interesting indeed .
I am long and bullish but I see the significant increase in revenues in 2015 as very speculative. I am cautiously optimistic about that part.
That's when fun starts is when the float is locked up.
How do I get to Davis Road from LA.
I will probably picking up some more down here also.
Thanks for the information Monque. Did the drivers happen to say what percentage of the drivers are owner operators vs company drivers?
PRO STAR FREIGHT SYSTEMS INC
USDOT Number: 1848543
Other Information Options for this carrier
Carrier Information
Other Information for this Carrier
SMS Results
Licensing & Insurance
The information below reflects the content of the FMCSA management information systems as of 01/26/2016.
SAFER Layout
Entity Type: Carrier
Operating Status: AUTHORIZED FOR Property Out of Service Date: None
Legal Name: PRO STAR FREIGHT SYSTEMS INC
DBA Name:
Physical Address: 1325 WEST IRVING PARK RD #301
BENSENVILLE, IL 60106
Phone: (630) 981-0098
Mailing Address: 1325 WEST IRVING PARK RD #301
BENSENVILLE, IL 60106
USDOT Number: 1848543 State Carrier ID Number:
MC/MX/FF Number(s): MC-721999
DUNS Number: --
Power Units: 180 Drivers: 155
MCS-150 Form Date: 02/05/2015 MCS-150 Mileage (Year): 9,490,000 (2014)
X Auth. For Hire
X General Freight
ID/Operations | Inspections/Crashes In US | Inspections/Crashes In Canada | Safety Rating
US Inspection results for 24 months prior to: 01/26/2016
Total Inspections: 687
Total IEP Inspections: 0
Note: Total inspections may be less than the sum of vehicle, driver, and hazmat inspections. Go to Inspections Help for further information.
Inspections:
Inspection Type Vehicle Driver Hazmat IEP
Inspections 264 687 1 0
Out of Service 51 58 0 0
Out of Service % 19.3% 8.4% 0% 0%
Nat'l Average %
(2009- 2010) 20.72% 5.51% 4.50% N/A
Crashes reported to FMCSA by states for 24 months prior to: 01/26/2016
Note: Crashes listed represent a motor carrier’s involvement in reportable crashes, without any determination as to responsibility.
Crashes:
Type Fatal Injury Tow Total
Crashes 0 4 8 12
C
After watching the video on the website, I think this company may have a great future with the Hydrogen application.
I agree. Thanks Mogman.
Smart money accumulating with the low bids. As long as these are the best bids and until all supply is locked or some good news hits we have to just hang in there and wait for the inevitable.
Yes. The right micro cap stock will look attractive when the big boys are taking a hit and their is money on the sidelines.