George has done it again. Today's PR was, as usual, 100% forward looking, although it does confirm that Cummins will be a major supplier if we can believe the PR. That is a positive. Yet very important questions still go unanswered.
Quote:
"Company President and CEO, George J. Coates, comments: “The Company now has $142 million in firm orders and delivery date commitments can now be made. We will now be procuring manufactured assemblies from Cummins which will include prefabricated skids, engine blocks, generators and radiators. Coates will complete the manufacturing with pistons, CSRV heads and dual fuel systems. This will enable the Company to ramp-up production in the USA."
Questiosns:
1. When will the two genset retrofits be completed?
2. When will they be shipped?
3. Who are the customers?
4. What will determine when delivery date commitments will be made?
5. When will Coates post a cash receipt to their books?
6. What is going on in China?
7. What is the date and purpose of the open house?
Will somebody, please attend the open house and share what you learn with this board? I'm picking up some good vibes from today's PR but for only one reason. I can't believe that George would keep digging his hole deeper and deeper if he knew he could not deliver.
