THIS IS RESPONSE TO A MESSAGE ON YAHOO MESSAGE BOARD:
There are a thousand reasons to sell a stock but only one reason to buy. Monday morning the stock suffered a severe drop early on because of a 100,000 share market order before recovering late in the session as cooler heads (no pun intended) prevailed. With a thin stock such as WARM, a market order of this size will cascade down through all existing Buys. No sophisticated investor would ever sell in such a fashion so one could hardly take this action as a proxy of an enlightened opinion on the stock or the company. If you were the expert you attempt to portray, then you would already know this
So far we have yet to see any results, positive or negative, confirming or denying the reason we invested in WARM in the first place. Big rewards come with risks & volatility as part of the territory at this stage. You could choose to sit on the sidelines until the situation becomes more certain, such as a major order announced, however then you will be paying $5-7 but 90% of the risk AND reward will be gone.
By what you’ve written, it is 100% clear to me you are frustrated. However frustration does not lead to good decision making, especially in stocks. It is also clear you have not been directly involved in large scale commercial manufacturing and product rollout. With regards to patents, you demonstrate a surprising lack of knowledge concerning the WARM patents and how they are applied. Warm's patents are utility patents, not product patents. They cover the use of heat pipes in certain applications. They are stronger and more easily defensible than product patents. Were you actually in the industry you would already know the difference so again we can discount your "analysis".
Isn't it amazing what you can come up with in 5 minutes of Google research? Unfortunately this does not then make you a presumed expert on the subject. I think the old saying is, "A little bit of knowledge can be a dangerous thing"... especially for investors.
In your in-depth research you uncovered that NASA has indeed used heat pipes. To be somewhat more accurate however, NASA uses and used heat pipes in a “static” application. This is completely different from using heat pipes in rotating equipment.
Heat pipes have been around since the 1890s and used in many applications prior to NASA. You probably have one in your hand right now in your smart phone. Static applications such as NASA used have been around and executed since the early 1920's. If you truly understood the Cool Tech patents and target applications, you would not have brought up a static application and your technical reference to "Zero Gravity" shows your complete lack of understanding of basic thermodynamics.
Further, if you take a look at the team at Cool Tech, each has different roles and responsibilities. Someone with just a little knowledge of corporate structure would understand this. It is odd you selected Cool Tech as an investment given you exhibit no practical experience in R&D or how to commercialize a product. You typically get one chance when playing in the big leagues. Making sure you have the best possible chance falls on management and this process sometimes takes longer than expected but if you are trying to change an industry paradigm and a product class, you only have one bite at the apple so you better make it work the first time.
You mention a "failed" Navistar executive on the board. Hmmm, 37 years of a great career, but of course you would know better because you have Google... I guess that would also rule out Carly Fiorini as well? The Siemens person you refer too on the advisory board, is a 43 year career veteran of Siemens Energy and automation and is their CTO. He is or has been either the Charmian or vice chairman of nearly every international standards board. The guy is basically a rock star in motors and generators. But again, you with all of your vast experience (& Google) know better.
Actually, one would think such prestigious veterans of an industry would not back a company and its management team if they did not believe there would be execution of product built on great technology. Why else would any of these guys waste their time on such a small company? After all, they all have succeeded tremendously in industry because they did execute. They must likewise believe WARM will deliver or why bother.
The company is hardly perfect nor would I expect an early development phase company to run like GE. Obviously events have conspired to the net effect of progress happening slower than hoped for. Too much time wasted in lawsuits but that is all finally in the past. The company remains one major contract away from becoming a huge success. When contract announcements begin, you will not be able to get in cheaply any longer. I can't wait to hear the sour grapes then, "I wish I had picked up more when it dropped". Stocks like these go up and down because it is thinly traded at this point. As the price rises there will be more liquidity emerge but not likely till the $5 plus area. There is an old saying that I've found to be true over the years, "you always own too much of the ones that don't go and not enough of the ones that do". For once I would like to be on the other side of that saying...
