I will actually be glad to and unfortunately I have to deal with legal and lawyers more often than i'd like.
I could probably, and I say probably because I haven't thrown anything in a minute, hit two GE 15MW recovery boiler turbines from my office with a baseball. I've purchased one of them. I've spent more money with Siemens in the past 6 months than Coates will probably be able to profit in the next decade, so spare me the 'i've got a bigger pencil than you' shenanigans because its not the case here. Outside of actual work where ive spent more time arguing over 2 words in a collection of 10,000 than i'd ever like to admit, i've spent 100+ hours of my life in t's & c's training and i personally sign 10-20 NDA's a year with companies coming into our facility to data gather for the purpose of us trialing their equipment/product and I actually just had to sign one going into another facility two weeks ago for a tour. That NDA means nothing other than "I can sue you if you share information". If that's what you're using to say that they have an official agreement, then sure I guess they do have an official agreement. However, for me personally as an investor, i care about agreements that generate cash and this isn't there yet. I'm not saying its not coming...which is why i bought shares of this today, i think if things go well this could do very well.
I've never said that they aren't dealing with each other, but rather my point is that I don't believe this to some imminent business deal within the next 6-12 months. This engine will not sell in mass until its reliability is proven in working conditions over years. People will try it, sure, but it takes a long time for a product such as this to actually take hold. This concept has been discussed since the 50's, Coates are just the first to make an actual functioning product and I hope they are extremely successful and I hope they start working with companies outside of cummins. When I was talking about this engine with my GM about a week ago, he actually got a little pissed off because he remembered back in the late 80's while working on a motorcycle engine discussing this exact style design with a buddy of his and saying at the time he could maybe make a million dollars off of something like that.
Realistically, if ol' Zamarra is sitting at their next meeting and this rebuild has a failure or doesn't perform to promise, how long do you think that will set back this "relationship"?
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