QE & Stay Long
I think if you look carefully you'll see that GC never actually says who the customer(s) is/are for this first production run.
Also, regarding previous questions about the S-1 and RW's (Registration Withdrawals), you can see by looking at Page 24 of each of the S-1's - and noting the 8K that was filed between the last 2 S-1's - that most of this was manipulation for navigating the tandem deals between Vis Vires Group for the debt financing ($62,500 convertible loan) and Southridge for the $20,000,000 "equity" financing. The stated convertible debt balance changed from $241,000 to $208,000 to $271,000 between these S-1's.
It seemed to me since the 6/2 PR (re-confirmed orders and significant increase in the orders from UAE) that the 1st production natural gas gen sets for the deposit(s) received (7/15 PR) must be for a UAE customer or customers. But GC never actually stated that.
The interlaced PR's about the China deal(s) are about manufacturing (at some level, possibly final assembly and value-added only), licensing and distribution - first related to distribution in the eastern hemisphere (2013/2014) and more recently about distribution in the western hemisphere (2014/2015).
Consequently, there has been nothing but conjecture and speculation regarding the customer and application for this first production run - now apparently assumed by many to be China. Funny how the smallest seed of implication can turn so quickly into "accepted facts."
From the Coates PR's, we have NO idea who the customer is. Clearly it is meant to be this way, for whatever reason. But from reading the PR's, I think the better guess would be UAE.
In the 7/15 PR GC starts with "These first production industrial CSRV natural gas electric power generator sets are to be shipped out by the end of this month." This paragraph just happens to include "China is one of the biggest markets for the Coates CSRV products." Continuing in that paragraph: "Presently, we are short staffed and need to ramp up the production process in our New Jersey plant."
Now, after a paragraph break, GC goes on about "It is not an easy job to go from R&D into production. Management is considering acquiring a local building of 101,318 square feet for our production expansion in the USA."
Out of the statements quoted above, only 1 does not fit with the flow: "China is one of the biggest markets for the Coates CSRV products."
If it read "Our customer in China..." -- But it doesn't. It changes the subject and then goes right back to talking about production. And then after a paragraph break, it continues about production. B.S. This is fodder for speculation and the rumor mill (and of course a lovely "buy the rumor" run-up).
After more careful review of PR's and filings, I no longer buy (no pun, but literally) the idea that GC has his peculiarities and isn't good with PR or sales. I think GC knows what he's doing. IMHO, his broken paragraphs and run-on subjects that seem to be just poorly composed press releases are carefully crafted to stimulate a specific response - further speculation, supported by those who might explain away the vagaries and secrecy as "George's way."
IMO, there is so much plausible deniability here that it seems as if GC studied Madoff and Abramoff and figured out what they didn't know.
After this week I've got one foot out the door. I still have half on the table because I'm like most of the folks who are still in - if GC does actually ship, I'll get a piece of a huge spike. But my other foot's out the door because I now consider this truly a lottery ticket with not much better chances than winning the lottery. There's too much of a chance that GC is walking the fine line again with possibly being able to ship something, but not quite ready. I just can't count the number of times that he's had a contract or a license deal or an order... and, until now, no successful production.
Why am I putting this out there? Because I think something should be said. Hopefully others will only put in their lottery ticket budget on any run-up. I don't care if it cuts into my upside potential or causes a little downside for me, I feel better about helping out the next guy or gal. I don't like being played like this. If GC delivers - my sincerest appologies for not continuing my support with blind faith; if not, he's tricked me into tying up most of my high risk funds when I could have been heavy into other options with higher integrity like EPG$ or PPC$.
