Johnny, you and I and lots of others know what is going on here. There are a FEW staunch supporters who would like to believe that Coats has maybe told the truth just this once. The real problem is that he dies not know how to tell the truth. Either that or he is a complete blithering idiot.
Someone recently talked about his "business acumen". I gotta tell you, he probably should have been a politician. When I met him, I found him to be honest and hard working. But, since then, I have added up the lies that he has told that cannot be marked up to just a lousy market. I believe he really has orchestrated a true fraud, and knew all along what he was doing. Just add up the lies. Fully reporting? 100M in sales? Great product? and many many others.
Then add in "blowing turbos left and right". I am more than sure that there was more to that story, Process just did not make it public. But, it is safe to say that the more that the lawsuits drag on, the more information will become public record.
I have talked to folks in the know as have others on this board. True insiders have posted their displeasure. I believe that Casa has told it the way it is. I have also been informed that the gang got asked to leave Aberdeen before they had done much of a test at all. 3%? Not even close! A true scientist does not take long to see the results as they happen ...
So why didn't Chaddie release this information a month ago? Hard to say, but perhaps he did it solely so that the unsuspecting supporters might drive the price up a bit before it is all over and he might sell the rest of the shares that are outstanding so that he can pocket a few more shareholder bucks? I would not be surprised one bit!
Personally, I believe that the longer he takes to announce and put an end to this game, the more likely it is that he will be wearing orange stripes and silver handcuffs on his way to the Grey-Bar Motel. He will have earned it IMO. And YES, I am ashamed to admit that he suckered me in too. I believed then, but not now that I know the truth of this scam. And that is sad because the technology could have worked in the right hands. Too bad for us it was in Coats' hands instead.
