Coates has not made a public offering to sell stock in over seven years. When stock is sold on the open market, the seller receives the funds, not Coates. Thousands of people invest in Coates on the open market. (Over 65% of all outstanding shares according to the latest information available.)
It is the nature of pink sheet stocks that all funds invested can be lost. Before you invest in any pink sheet stock, do your own DD and decide for yourself if this company is right for you.
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