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It is understood by most what is meant.
Correct. And I will try to post something later that is more descriptive of the MM real world.
What does the MM when there are no shares available and there are buyers?
Whatever
They also have to make sure that they profit within the rules and do not lose. They will short if needed to balance out their accounts.
Like I said. The MMs job is to make and run an orderly market and if they have to short to do so they will. Retail cannot short penny, and sub-penny stocks.
As market makers it becomes necessary to short to balance out everything.
MMs are the only short sellers in penny, sub-penny stocks.
In regards to Post # 14092. I am going to check all past 10Qs to see When the $4M in payments was booked and if the remaining 7M was ever received and booked.
Read this NR from 2009 below and someone tell me if the 1.2 billion in firm orders are still firm.
WALL TOWNSHIP, N.J., May 7 /PRNewswire-FirstCall/ -- Coates International, Ltd. (OTC Bulletin Board: COTE) -- The company has received non-refundable payments from Well to Wire Energy Inc. of Alberta, Canada. These payments are for licenses to the Coates CSRV patented technology for power units used in the oil and gas industry, payments to date total $4,003,183.03 because of these good faith continuous payments made to the company and considering the economic climax. The company has extended the payment date to July 31, 2009. However, Well to Wire must continue to pay down the remaining balance of the $11,000,000.00 USD of which is $6,996,817.00 and when these payments amount to 45% of the original $11,000,000 which is $5,000,000, their risk substantially diminishes. They do not lose their licenses; the license only becomes (non-exclusive) until the balance is paid in full.
Barry C. Kaye CFO, stated these payments provide extra working capital to fund our initial production of our industrial natural gas CSRV electric power generators. The company expects to have a number of these power units installed in the field very soon. Sales of these products will generate more operating revenues that will be reinvested to fund the ramp up of our production to fulfill existing orders for the oil and gas industry.
George Coates President and CEO, stated we have faith in Well to Wire and believe they will fulfill their obligations to the company and we look forward to working with them.
Well to Wire Energy Inc. has already delivered to us firm orders for over 7,400 CSRV industrial electric power generators with a value to our company of approximately $1,200,000,000 USD. Well to Wire has also secured financing for up to $1,600,000,000 to promptly purchase these CSRV power units from our company. Less
Asset protection is the name of the game. I have been in and out of Cote since the 90's and have always sold with minimal losses or gains when I saw the stock was not going to increase in price. I now have a substantial position here sub-penny and if the testing and shipments pan out it will be worth the wait.
It would seem so. But we need confirmation that quality, logistics, parts manufacturers reliability, manufacturing facilities allows that all is good to start manufacture with reliable delivery dates.
".....The changes to our Portfolio were brought about following many months of deliberations and consultations with potential Joint Venture Partners and external Consultants. " We shall see.
Over six years ago and they are making progress with the generators. Would be nice to know what is going on with that PR. Maybe once the testing is done and is successful we will know more about how they plan to set up manufacturing.
Stay Long. I am betting that something significant is happening with Cummins and perhaps other Manufacturers.
It is weird. Anyone who reads the PRs could have done the same thing. They put out Cummins name publicly in the PRs so how could a question to Cummins on Facebook be interfering with GC business. Unless there was more to you question than I am aware of. I don't frequent social media sites so don't know what was asked in its entirety. If he is that paranoid why did he mention Cummins in the PRs.
Of course there is risk here!. There is no testimony, kudos or endorsement from any authoritative source that I know of that has experienced the technology in use other than GC.
Long and cautiously optimistic.
Last four posts were excellent.
The technical discussion on the board right now is fascinating to a tech dummy lick me. I appreciate these discussions.
PPCAP . Nice info. Glad we got people here who know the technical stuff. Thanks for posting.
I have shares here. But, do you guys understand how difficult it has been for a long time and going forward for exploration companies to get funding ? Nobody wants to invest in metals. That's why they there is no JV yet. It may be a long wait.
Yep. I am waiting also.
How much lower?
I am in California and I just might make the trip to NJ. Would be awesome to see the operation, meet other shareholders and hear from George face to face. Would also be a treat if Jack could make a courtesy visit at the same time. Don't care if he has to say anything, would be on a higher comfort level with him just being there.
When is the open house ? Is there a date yet ?
Probably a T trade. You can pretty much tell whether the Form T trades are from large block buyers are sellers by looking at the price at which the trade was entered. If it is at the lower end of the day's price range, and the stock had been under pressure that day, it was probably from a seller. By the same token, if it was printed at the higher end of the range and the stock had been strong that day, it was likely to have been from a buyer. This rule is not absolute, however.
See that. Right after the bell.
Here is a link to something everyone should read.
For the details go to https://www.goldrushexpeditions.com/working-abandoned-mines/
Go to the 3rd or 4th section, and read especially the part in bold print.
I am a long with a good size position. I don't care whats on the website until durability is proven. The word durability looms in many potential investors minds.
Lets get the durability proven first.
The Volkswagen fix is way much easier and quicker than moving to a technology that the industry perceives as unproven at this time. The Auto industry has spent billions on current engine research and technology and I wouldn't bet on them converting to CSRV anytime soon or in the near future.
That all makes sense to me. But in regards to the stock price. A successful A B test in the next 4 months or so would at least give the stock some traction to possibly .05 and then consolidate there until there is solid indication they can deliver proven technology. Under the right circumstances .10-.15 would not be far fetched depending on investor psychology. Its all about perception.
Thanks for that explanation. Makes sense. One major key ingredient here is the out come of the A B test. If that is successful and meets all expectations in terms of emissions and durability it will get the needed attention from the industry and investors. Until then I refrain from predicting how the market will treat this stock. The other unknown is the China thing. What is Jack doing? Is China sold on the long term durability of these gen sets?
It is weird.
If that A B test goes well that will be the game changer.
That has always been the case.
Insiders buying ?
Interesting. Is the total cost for what you described the trading fee only?