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When will it end???
When the entire Coates family can no longer receive a salary from this fraud of a company!
Until Coates can manufacture more than one generator every 10 years, this will never take off.
They supposedly have all these orders and agreements, yet there are no more than 3 or 4 +/- cars at the most in the parking lot at any given time.
How is this a gazillion dollar company when they have only a handful of employees??
On the April 29th press release, it stated another generator has been shipped and it will be "one of the first of many to be installed in the field."
That sounds to me like it will be the first one installed in the field.
If that is the case, what has the other generator been doing up there for past several months??
Is the Chinese delegate going there to watch it be installed and the operation started up?? That will take weeks. Or are they returning when it is actually operating in the field??
And I agree that not too much detailed information was provided regarding the $10,000,000 financing.
Any opinions??
Does anyone here see a resemblance between George Coates and Dr. Emmitt Brown. Many years ago, I beleieve George slipped in his bathroom and banged his head on the sink before coming up with the vision for his CSRV, his own flux capacitor.
The only problem is, the flux capacitor actually worked.......well it did in the movies!!!!!
Volume Scam??
Like George is selling and his wife is buying????
That may even be a little far fetched for George!!! But absolutely nothing would surprise me!! One way or another.
One plant requires 260 generators!!
At the current rate of production, that will take well over 1000 years!!
How on earth can they possibly start mass production by the end of the month if these supposed contracts are actually signed?? Is the time frame in the contract for delivery of the generators somewhere around 2500 A.D.? And that's being generous.
Why not just wait until the end of the month and come out with something that is actually news worthy. This is just more B.S. to pump the stock so somebody can continue dumping hundreds of thousands of shares.
How about some feedback on the performance from the end user, Almont Energy??
And what is Coates' status with manufacturing a second generator?? Or will that be another 6 months??
Why didn't George tell us when his birthday is?
We could all send him some presents!!!!!
What on earth was that press release all about???
"You hate stupidity, egotisms, selfishness and wastes, but most of all you hate fraud."
Obviously you must be aware of several other companies that, in your opinion, meet the same requirements as stated above. George Coates can't be the only bad guy out there!!
It would be appreciated if you could provide the names of other companies you've researched that, again in your opinion, are fraudulent.
If this isn't just a personal vendetta agianst CIL and George Coates himself, you should be able to provide a substantial list of others that you've researched and found to be stupid, selfish, wasteful and fraudulent.
First of all, I'm not disputing Jamesdond's opinion at all. Actually I found it to be very interesting and informative. He appears to have the most technical and insightful opinion of the Coates technology yet discussed on this board.
I just wonder why he's waited years to express his opinion? And why does he feel like now was the right time?
He stated he's been following Coates for a few years. Did he just find this board for discussion?
"You have been following Coates for many years."
Why now do you decide to come forward with your opinions? Certainly nothing in your statements could not have been mentioned in the past few years.
I believe you opinions are very insightful. I just find the timing of your post to be rather intriguing.
What's Going On???
There should be plenty of comments floating around here by now.
The 2nd quarter has come and gone and not a word from our fearless leader.
Any opinions???
When is George going to realize throwing out dates that cannot be met only kills the stock and further destroys his credibility???
Unfortunately, it's probably better he doesn't say anything at all. As an investor I do want to hear updates, but the lies have to stop. It just angers the people even more.
George will never send anything out the door that does not work. Hence the problem with not being able to ship ONE lousy generator. ONE!!! and he has orders for 7000? At this rate, it would take him forever, since he hasn't shipped one yet!!!
Everybody have a happy Fourth of July weekend.
Maybe George will have a few too many one day this weekend and issue another update!!!
The Big News is that Coates will deliver the generator in the 3rd quarter. Goerge throwing out the China deal is his way of getting off the main topic at hand, the generator to Almont.
How long could it possibly take to manufacture one generator? If George and Gregory were doing it alone it would have been completed.
Obviously it doesn't completely work. And they are trying to corect the faults as they string all of us along.
I too have been invested since the early 90's and George has NEVER met one date for anything he promised. NEVER!!!! As a matter of fact he's NEVER accomplished anything he said he would. NEVER!!! NOTHING!!!!
Think about it.......... one lousy generator can't be completed and shipped!!! ONE!!!!
How in the hell will George ever be able to mass produce anything? And in his mind he's got car engines, truck engines, land speed records, lawn mowers, all size generators, US military, China, flying machines, racing car engines,missile companies,...etc!!!
I just don't see it
The UFO was being powered by a Coates engine........
Hence the crash!!!!!!
More news coming soon............
The delivery of the generator to Almont will take place in the 3rd quarter of this year!!!!
Then we can all wait for the news that will come out at the end of the 3rd quarter
"The Company is in the process of building smaller CSRV engines for shipment to China."
They've been in the process of building ONE engine for shipment to Canada for several years now.......
Once again, no mention of the supposed job on hand, Almont Energy, and now they are working on building engines for China!!!
Doesn't anyone think they could have completed at least ONE project in the last 25 years???
More nonsense.......just deliver one generator for Almont!!!
He's come up with excuses for 10 years.......... why on earth would this month (or quarter) be any different??
I can't wait for the next update in June.
"We've completed the first generator, but we need to cut a hole in the side of the building in order to get it outside. We anticpate the generator being shipped by the end of the year. Unless of course the leaves fall off the trees and pile up in front of the hole in the building."
Can anybody open up the Almont Investor's Letter??
I did yesterday and I can't today.
Was it removed from the site???
You have to be kidding me........
Does anyone have surplus furniture laying around? LMAO!!!
We are dealing with George Coates!!!!!!
I too would love to see an engine delivered in the month of April, but I have heard so much of this over the years to actually believe it will happen.
And keep in mind he said April, not April 1st!!!!
The conversations on here will get very interesting when the end of April rolls around and no information is released.
Thanks for the response.
On the positive side, I think this may be the nearest, definitive date George has provided with an update.
Usually it's "in the near future" or "by the end of the year" or "very shortly"..........we'll see........
Why on earth would George pass a contract with a somewhat established, legitimate company on to a newly formed company of a few individuals??
If Almont defaults on the contract agreement what happens?? Nothing!!! Well to Wire is no longer on the hook!!!
I really would like someone to explain to me how this in any way is a wise business decision on the part of Coates?? I am ceratinly no expert, but I don't see this as a step in the right direction. Looks to me like WTW is trying to find a way out!!!!
More nonsense.............................
With the $700,000 paid to Coates by Almont, that's several million dollars now received by Coates without one single generator going out the door. Where has all this money gone??
Coates also received a deposit (how much?) from Almont for the first shipment of engines. (How many?) And these engines are EXPECTED to be ready for an April 2010 delivery? That's expecting A LOT!!!!!!
And now the future of Coates is riding on the success of a newly formed company with a management team and high net worth investors??
C'MON........you can't make this stuff up!!!!!!!!!
Well George can!!!!!
The next press release will be there was a typographical error and they didn't mean April 2010!!!
I was just reviewing some of the "Recent Key News" items from the main page and couldn't help but laugh.
Check out the dates on some of these accomplishments!!!!
October 18, 2007
Coates Completes Development...Coates to Deliver Third CSRV Engine
November 5, 2007
Coates Moves Forward on Production
November 13, 2007
Coates Demonstrates CSRV Engine Generators - Well to Wire Cites Flawless Performance and 27.5 - 30.4% Fuel Savings
May 13, 2008
Coates International, Ltd. Is Pleased to Announce That It Has Completed the Design and Development of Its First Stand-Alone CSRV Electric Power Generator for Residential Use
May 27, 2008
Coates International, Ltd. Announces Plans for Large Scale Retrofitting of Heavy Truck Engines
December 30, 2008
Coates Announces Commencement of Production and Q3 Stockholder Update
March 10, 2009
Coates Signs Letter of Intent With Marathon Electric to Supply Generators
March 16, 2009
Coates Receives Written Agreements and Business Plans From the Largest Engineering University in China That Acted Promptly to Close a Joint-Effort Deal With Coates
March 30, 2009
Coates International Signs Agreement for Cash Incentives of up to US$787,526,057 with the State of Oklahoma Department of Commerce
August 13, 20009
Coates International, Ltd. Receives Confirmation of a Multi-Million Dollar Firm Order for Its Industrial CSRV Electric Power Natural Gas (CNG) Generators for Delivery to China
And has George Coates followed through an any ONE of these items???
Spike in volume must mean a new press release of more BS from the fearless leader is forthcoming!!!
I think evevryone has pretty much said all there is to say.
Until George comes out with some REAL update information, unfortunately there is nothing more to say.
Nothing is happening with the bond offering. That's why we're still around $0.35 - $0.40.
Just more promises from George!!!
Why even waste our time coming out with these ridiculous updates???
It does absolutley nothing for the stock price, and if anything, it only makes the actual stockholder more annoyed. At least the ones that have seen this information 100 times before!!!!
Issue an update when there is some pertinent, substantiated information.......... not more B.S.!!!!!!!!!
Merry Christmas everyone!!!
The information sounds good, but it's the same news we've been hearing for years. There's just different players involved.
China, licensing agreement with an industrial engine manufacturer in China, a large automobile manufacturer in China, WTW, P.F. Raymond Inc., a production manager under consideration,....etc!!!
The president from WTW is probably visiting so he can attend the Coates Christmas party!!!
What is with the volume today???
It's been about two weeks and no new posts......let's go!!!!
I do also come here for entertainment value as well!!!
Who wrote that update?? A child??
Answer the real question.....
With WTW's supposed private offering and Coates in the position they are currently in, wouldn't it be beneficial to both parties if ONE generator was out in the field functioning to a level at which George claims it can???
And why do we need all these updates?? George couldn't get it right the first time???
More nonsense!!!
Have any generators gone out the door to WTW??
If not, what is the problem???
Several were supposed to go out months ago!!!!
The only logical reason engines are not being produced is that they do not work!!!!
With these orders out there from WTW, what other logical reason would there be for no generators to have been shipped???
For if they were shipped and they were functioning adequately in the field, George would be sending out press releases all over the world!!!
Please........come up with some other logical explanation!!!!
Almost 60,000 in volume today.........not too bad considering yesterday was 500!!!
I would assume some type of news has to come soon........This stock is deader than dead right now!!
C'mon George.......lets hear something!!!
How would you know that??
And if the success of WTW is contingent upon the natural gas engine designed by Coates, why wouldn't George sit back and collect the hundreds of millions he would stand to make if the engine was legitimate and could withstand the wear and tear under field use???
If anything, he's pumping money into WTW so they can continue to make payments back to Coates!!!
Instead of investing in WTW, he should pay some more attention to his company that is slowly going down the toilet!!!
George will never let anyone come in and buy his company........NEVER!!!!!!!
He will take this company to the grave with him....... and it seems we're headed in that direction!!!!!
The Coates' family sits back and collects their salaries!!
Some legitimate news needs to come soon.......the price continues its descent....
Why can't George just answer the question as to why no generators have left the facility......or is the answer the one we've all been suspicious of.........it doesn't work!!!!!
It seems like the only logical explanation!!!!
There are several million people in China. If George brings them over in groups of 6, he and Gregory should be able to stay in business for a very long time!!
Why even bother putting this release out?? So what.......people from China came to look at his engines!!!