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Where exactly will coates get money to finalize the construction contract? Have you seen the plans for the building? It seems to be a far off pipe dream until he actually makes a sale.
Lol. All of his PR's are CRAZY, and he never follows through with them
Exactly, That is what bothers me most. He has no intention of actually producing the parts his company is supposedly trying to sell. It is not just Coates either, most "green energy" companies or companies that claim drastic efficiency benefits are just a scam.
What construction?
Good luck with that. Might get pennies for all your shares put together.
Lol, you must know something nobody else knows
closer to 30 years
Good luck with that.
They still need a good bit of money to start construction. No contractor in their right mind would start construction on a project this size without a good down payment. With all of the relatively small loans they have taken out recently, I wonder where they hope to raise the money. I am also curious, with their claims of the benefits their hydrogen gensets, why they are not announcing that this will be run on green energy.
How can you finalize a construction contract without any money?
It has been a while since I read this and I might have been wrong to say ceramic bearing instead of seal, but I do recall coates mentioning in a PR years ago that he was having trouble finding a manufacturer that could produce the ceramic bearing to the correct tolerances.
https://www.leagle.com/decision/2001550137fsupp2d4131516
"The Coates System was evaluated by two third parties, Harley-Davidson, Inc. ("Harley") and Chrysler. See Pl.'s R. 56.1 Stmt. ¶¶ 52, 68. Under a July 1991 prototype manufacturing agreement between CIL and Harley, CIL tried to retrofit the Harley motorcycle engine with the Coates System. Harley conducted dynamometer tests of two prototype motorcycle engines modified with Coates System technology.
[137 F.Supp.2d 420]
On or about November 1991, Harley notified Coates of the test results on the Harley modified engines. See id. ¶ 53. The test results indicated that the prototype engines had experienced mechanical durability problems. See id. ¶ 52; see also Pl.'s Ex. 11, Tuttle Dec. Ex. B, Harley November 18, 1991 Letter to Coates ("Harley Letter"). Specifically, the Harley tests revealed several problems with the modified Harley engines, including "valve train failure" of one engine and deep score marks on the rear exhaust rotary valve and seal of the second engine. See Pl.'s R. 56.1 Stmt. ¶ 54; see also Harley Letter. The Harley engineers offered the following conclusions as to the two prototype engines equipped with the Coates System in their November 18, 1991 letter to Coates:
1. The reliability /durability of the current rotary valve trains systems for both engines is inadequate.
2. The exhaust valve to seal clearance appears to be insufficient.
3. The durability of the valve seal itself is questionable.
4. The engine power potential of the 1340 is far less than required, probably due to the insufficient flow through the ports and valves."
He supposedly had license deals with several companies, not sure about NAF. As far as I know, nobody is producing the CSRV system as of yet. Coates himself seems content to keep advertising with the prototypes sitting in his shop, with no long term testing to prove his claims.
Because companies in the past have turned down deals with Coates for that reason.
The problem is that the ceramic bearing surfaces and rotary valve wear out prematurely due to poor tolerances.
We can't PM you without paying for an account
Yeah, I do not understand how any of this share manipulation is legal. And I also wonder, if it is legal, why doesn't every company just print their own money like coates has been doing. It blows my mind that a company can exist for so long, when their only form of income is from buying and selling their own stocks and use their inside information to makes sure they are the only people who profit.
It is funny that he claims poppet valves have too much overlap to run hydrogen. Any mechanic knows you can get camshafts with zero overlap. I also find it funny that he claims hydrogen and HHO cannot be used to power poppet valve engines, people have been doing it for decades with small homemade systems.
Why is there no mention of the Alpha project and it's progress? I saw the recent presentation by Jack Mosel at H2 and had to laugh. He even admitted that he uses a gasoline generator. It really goes to show how much of an expert he is and how much he believes in his "new technology"
I have heard, "new patents for this technology will be submitted shortly" way too many times to believe he has actually improved upon the technology that has been around for decades. Hydrogen technology is not new, creating hydrogen with electricity and water is not new, running engines on hydrogen is not new.
Right, I am sure this stock has actually made you money because your investment strategy is far superior.
You are right, no arms were twisted. There were however numerous misleading PR's.
If you knew what happened and knew the solution then maybe you should help coates out. H-D said in a letter to coates that they would be very interested in a future deal should coates address the issues they found during their testing. and that was 20+ years ago. That being said, I know there are many other comapanies that would be interested if it works the way coates claims.
Lol. So, you are saying the product works as advertised and nobody wants it?
I think you should probably look a little into coates past. He claimed he had a deal with Harley Davidson even after they tested his heads and found poor tolerances that lead to longevity issues with the exhaust valves, he lost a lawsuit to previous investors because his PR's were not honest about the Harley deal.
I purchased the stock for the right reasons, the mistake I made was not looking far enough into Coates past...
You are sure taking things personally. I think maybe most of the people with negative comments towards Coates just feel like they have been scammed by a fraudster. If you felt you had been scammed by a company, you would want to let others know right?
Even the people with somewhat positive comments on here can't help but admit that all of Coates PR's throughout the years have been misleading.
I think you assume too much. someone who invested 5+ years ago could certainly make an alias even today if they want to. Some people actually trusted that Coates had good intentions and recently that seems not to be the case.
You know people can invest in a company before creating an alias on Ihub right?
His employees must not make very much if 33,000 will cover their wages for any length of time. I really think the loan was just a way to drive down the stock price and interest in the stock so he could acquire more cheap shares before his pump and dump this spring.
Lol, good luck with that. I am still trying to figure out what good a 33,000 dollar loan would do him right now besides lowering the stock price.
I know, did not stop him from making that claim though. Just goes to show the type people and companies we are dealing with here.
I have yet to see anything that makes this look more legit than any previous PR. In fact just the opposite. I have more questions about Coates legitimacy now based on this new deal with secure supply that switched to a deal with H2 and the people involved are definitely not professional. Good news though, If Jack is an honest man there should be a new PR today.
Who would trust That guy. It went from 50 mil down to 40 mil that was supposedly in the process of transferring last month with a claim to have it in the next couple of weeks. still no word on the money. This will turn out like all of coates past PR's where the only people making money are the companies involved trading their own stock.
I understand, just can't seem to find any business license for them besides the incorporation info. Maybe you could help on that, I have checked in the 3 states They have ties to. It would really help if the companies Coates claims to have dealings with would be open and transparent.
Plus, I still have not seen any information on why the deal switched from Secure Supply to H2, the only thing I do know is that Jack plays a part in both deals. Another thing I found interesting, if you look up H2's business license in Delaware it shows the formation/ incorporation date was 11/17/17. How can Coates announce that the Alpha project was taken over by a corporation that seemingly did not exist on august 31st?
how long has it been since you were on the "other" coates board? Jack at H2 is off his rocker, it makes for a good laugh. The reaction to questions about Coates past business practices is priceless.
Yeah, me too. But come to find out, all of coates engines will still need parts like the throttle bodies from secure supply.
that is why i gave the extension number directly to GC's answering machine, apparently he is giving out info to some people that his company is not sharing publicly. if you call after hours and use extension 15 it goes right to his office and his personal answering machine.
holding steady at a value well below pre split. like 1/3 the value.
If anyone has any questions for Coates and want to leave a message for him directly, just call after hours and use extension number 15. hope this helps =)
Exactly. These people trying to make coates seem legit have blown my mind.
as someone on this board said " i only invest money i can afford to loose, venture capitol." lol
Wait a minute here. You say that George coates gave you this statement about NASDAQ to rebut negative noise on this board but then say it is only your opinion. which is it?
If George Coates is making any forward looking statements to you and not to the public then he is not in compliance with SEC regulations.
obviously coates and mosel cannot give out specifics, then how do you know coates is headed for the Nasdaq?
I would encourage you to ask your own questions, the guy was very open and up front with me and even answered some questions I would not have expected him to answer. My posts on this board are my opinion based on my own experience and information I have researched and I highly recommend that you, or anyone else reading them, look into the company names and connections between companies and players and go to their pages and ask questions directly.