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This is good news, I am surprised the stock didn't take off this morning. What does the "Proposals and agreements are in place" mean? Does it mean they are signed? Either way, this is good news.
I'd love to hear more about the proposed China trip and the associated shipment of engine parts.
Goodbye VFIN!
Goodbye VFIN!
Great news! no more promissory notes. I hope!
I think Almont had the first option for the US license for 50 million.
Hopefully the trip will be sooner than later. Plus, I am hoping the Chinese are able to raise the funds needed to start production and start paying CIL the 100 million license fee. CIL gets paid 25% of funds raised, sales after 10 million, I think. CIL shareholders should get stock in Coates Power Inc as well.
I think you might be right, we'll know in a few days.
VFIN was replaced by NITE an is acting just as bad diluting the market. It would be a sign of good faith if Coates cancels his antidilution agreement. It is only fair that he is diluted just as much as the shareholders have. He should happily reduce his ownership from 78%. And knock off issuing Preferred A and B shares, total BS!
Hopefully the company gets into production quickly and if so the money will follow. The news today about the parts shipment is good news.
"As collateral for payment of the US$100 million sublicensing fee, both Coates Power and Renown have placed shares of their capital stock representing a 25% ownership interest of each company into an escrow account for the benefit of Coates International, Ltd. These shares of stock will be released from escrow and revert back to Coates Power and Renown only after the US$100 million sublicensing fee is paid in full."
This one step closer to acwknowelding CIL investors, I don't like the give and take back of the stock! It should be, give the stock to CIL and KEEP IT!
If the Chinese obtain the ablity to invest on a local exchange which is not the OTC or NY Exchange how does this help CIL investors? Yes, it will help to capitalize the Chinese company which will indirectly help CIL to obtain the 100 million. By the way CIL gets 100 million, period! No rolalties, stock, profits from manufacturing, sublicensing fees, etc.
However, if CIL investors get stock and fair prorated share in the new company (Coates Power Inc.) then all is well and I am happy. If you think for a minute that you might NOT get screwed you are valuing yourself as an investor way to high.
CIL will never take the Eastern Hemisphere from investors without them realizing it, won't happen. See previous press releases for promises to include sharholders in enterprises outside the existing Western Hemisphere CIL agreement.
Once the final contracts are signed and details available to the public, we will know where we stand and whether or not we should call our banker to make a large deposit or our lawyer to begin the class action litigation.
I hope that management realizes that stockholders will be furious and will not just sit there and take it. With that said, I hope that once the details of the relationship between all the companies, subsidiaries, etc are revealed all will be fine. Litigation is the worse case scenario. But for now, the company must get into production before we have anything to worry about.
Would love to hear someting postive about China and the relationship of Coates Power Inc to CIL. Who owns Coates Power Inc (Coates Trust?) and how are are CIL investors going to be rewarded by the manufacturing of engines in China and distribution in China and the Eastern Hemisphere. We heard about the Western Hemisphere 100 million but CIL investors need to be included in the Eastern Hemiphere and China manufacturing proces and $$$. CIL investors have been promises inclusion of any deal the CSRV is manufactured, I read no mention of inclusion.
Stock just doubled in 2 hours! Yeah for a snow day! 100,000 share trades over and over!
Coates International, Inc. Has Not Declared a Reverse Stock Split
11:45a ET March 4, 2015 (Market Wire) Print
Coates International, Ltd. (OTCBB: COTE) (the "Company") has received numerous communications from shareholders about the reverse stock split. THE COMPANY HAS NOT DECLARED A REVERSE STOCK SPLIT. The only purpose of the filing on March 2, 2015, made by the Company was to keep all options open and enable the Company to declare a reverse stock split at some indefinite point in the future, if, and only if, the board of directors determines that the market and other conditions for the Company have improved to the point that the reverse stock split is more likely to achieve the intended objectives for such a reverse stock split. The reason it was necessary to make this filing with the SEC now was that the time frame to make a reverse stock split would otherwise have been 30-40 days or more after any future announcement. This SEC filing was simply designed to reduce that timeframe to a matter of a few days and nothing more should be read into it. To be absolutely clear, the Company has no plans to declare a reverse stock split for the foreseeable future unless the conditions for doing so improve sufficiently and our plans to secure listing with a more widely recognized trading platform become more feasible.
There can be no assurance that the Company will be successful in any of its endeavors.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SE
If CIL had the vision to be worth more $$$ in the future why not just increase the authorized shares from 1 billion to 1.5 billion and cancel the reverse split. By the way, there is no specified date of an effective split or the amount of the split, so it too may never happen. If the company goes up in value it can handle the 510 million shares and more. As mentioned earlier, cancel the antidilution provision for officers and allow them to join the rank of the rest of the investors. If the 100 million dollar deal in China materializes CIL will have plenty of money and can stop the issuing promissory notes that convert to stock which cause all the dilution. And of course did I say "cancel the anti-dilution agreement!"
Coates should do a reverse split of his personal stock and cancel the anti-dilution agreement until the company is in production.
Once VFIN finanaly sell their shares the stock will rocket, we have to be getting very close. 5 million shares sold today in 40 minutes!
I think this stock is just about to take off. If production starts in CHina as mentioned in todays press release this is the stock to buy. I'd love to have one of the engines myself.
I am happy to hear specific details of the companies progress. Bought more stock today, I'm hoping for the best.
There is no evidence of a reverse split planned nor has there been a reverse split in the past. Either the company is about to take off with successful completion of the China deal or ......? The photos on the www.coatespowerinc.com website are very clear and crisp, be sure to keep you pointer over the tabs for several seconds to allow the information to load.
Coates International, Ltd. Senior Management Returned From a Three Week Visit to The People's Republic of China Which Included Meetings With Chinese Government Officials and Five Chinese Companies; Coates Management Expressed the Trip to China Was a "Complete Success"
10:39a ET January 5, 2015 (Market Wire) Print
Coates International, Ltd.'s (OTCQB: COTE) (the "Company") senior management has returned from a three week visit to The People's Republic of China. In attendance were Mr. George J. Coates, the Company's President and CEO, Mr. Paul Casagrande, US Plant Manager and Mr. James Pang, the Company's Executive Liaison Agent to The People's Republic of China for the Coates organization. Mr. Pang has also been assigned to manage and control all Coates operations in China. Mr. Coates' comments on the trip: "The Chinese government officials and corporate management rolled out the red carpet from the time we arrived and extended their full hospitality to us. In our meetings with senior government officials, we discussed the Coates Business Plan and the requirements for Coates to establish mass production operations in China. Our plan is to produce various Coates CSRV products in large quantities to fulfill market demand.
"We then traveled to Xianning City to visit Coates Power Inc., Ltd. headquarters. Xianning City, Hubei Province is one of the largest high-tech industrial manufacturing areas in China. It has a skilled labor force, various suppliers for sourcing production parts and a logistics infrastructure already in place, making it a highly desirable location to establish mass production operations for our CSRV products."
More information will be forthcoming in the near future. Photos and a video will be posted on the Coates website www.coatesengine.com. These can be viewed by selecting the Coates Power Inc., Ltd. link under the Company tab of the main menu.
We would like to take this opportunity to wish all of our stockholders and friends a Happy and Prosperous New Year.
There can be no assurance that the Company will be successful in any of its endeavors.
Safe Harbor Statement:
This press release contains forward-looking statements that are made p
100 million for the Western Hemisphere, so far no mention of any fee/royality/stock to CIL for the Eastern Hemsiphere!
Will CIL get royalties from the manufacturing deal? What fee will CIL get for the Western Hemisphere license. If CIL gets 100 million for Eastern Hemisphere, the Western Hemishpere license fee should be double not to mention the income from manufacturing. Plus, CIL investors should get stock in the new manufacturing company.
Nice photos and video. What is the relationship between Coates Power Inc and Coates International Ltd? What percent of the manufacturing company is owned by Coates International Ltd? Wil CIL shareholders get stock in the new company?
Why say 7 days/week then nothing!
Who owns Coates Power Inc?
THE $100,000,000.00 USD LICENSE AND MANUFACTURING DEAL WITH RENOWN POWER INC. HONG KONG AND COATES POWER INC., LTD.
July 2nd press release: he industrial complex in China for the COATES production plant has already been selected and it is approximately one square mile. This gives the company the ability to manufacture all engine applications from the smallest to the largest industrial engines, including marine applications. More information on the Chinese transaction will be forth coming.
Coates production plant? Coates International ltd?
Sounds to me that the post you referenced is just a disgruntled inventor who is upset that his invention wasn't used my CIL.
Where is T. Boone Pickens when we need him? He should be all over this technology.
I am sure each state that CIL is in negotiations with wants confidentiality. Keeping everything quiet and inhouse is the best approach. Once the deal is signed sealed and delivered then announce who, where and when.
I wish I could say something positive, but I am too busy still scratching my head. Black Swan dead? How can you kill a deal when you have a firm written commitment? Takes a real skilled management team to that!
I've only done business here in the US so I can't speak about a deal in China. But I can say that I would be concerned if someone forced to me to use a particular law firm in a deal. If that is the case I might as well as give them the keys from the get-go and save the future guaranteed litigation and frustration. In time, the facts about the merger will come out and we'll know what the heck happened. In the meantime, the million dollars thrown into the pot from the Chinese is a good sign. But also a sign that future concessions due to strong negotiations from the Chinese should be anticipated. They are known to negotiate hard and try to change terms all the way to the closing table. Given the risk of missing something in translation or giving too much, I'd rather accept the terms and move on with production than sit around here waiting and doing nothing.
You certainly have a few good points, but I'll gamble on the Chinese to better the shareholders position. They seem to be taking over everything else so why not this?
Only 1,000 shares at 40 cents were executed. So you didn't miss on much. Checkout Istockmanager.com they have apps for Iphone and Android. I use it everyday, and can pickup streaming level 2 quotes and the app is free. Gotta have it!
From 2,500 shares @ 52 cents to 1,000 shares at 40 cents then back to 2,500 shares @ 53 cents. Just an unusual set of circumstances nothing to worry about. Quick dip then bck to normal.
I think the twenties are gone. Hopefully forever! If they get the 10 million mentioned a few weeks ago, the stock should take off again.
What people don't realize is that when the price drops to a very low price it doesn't stay there for very long, often less than one minute. A few months ago there was a flash crash and by the time I pulled over to make a mobile cell phone trade at the low it was too late. All that is in the past now, the future looks very promising to me.
I am just as curious as the rest of you as to whether or not the engine is in the field or not. I would be happy to learn more and would like to know if the engine is running in a controlled testing facility or whatever. It's all mystery to me.
As far as W2W, I really have a hard time believing you are going to get screwed. But you'll certainly know before me so let me know when you know. Keep in mind, if W2W had more than 50% of the stock and voting rights (which they would have been foolish not to keep) they may not have needed to contact you regarding a shareholder vote. Good luck, wish you the best.