Cool Technologies Inc (WARM)

[kayak_wench]

Q. Ponder's insider trade was for consulting fees and he decided to purchase another 1,000,000 at 0.10 a premium today's price (that is good and not how I originally interpreted the Form 4).

Mr. Ponder is the sole owner of Summit Management Consulting, Inc. ("Summit Management Consulting"). Pursuant to a consulting agreement between Cool Technologies Inc. (the "Company) and Summit Management, the Company pays Summit a monthly consulting fee of $12,000. As of June 30, 2017, the Company owed Summit Management $176,060 in accrued consulting fees. On July 21, 2017, in payment of $70,000 of the accrued fees consulting fees owed to Summit Management, the Company issued Summit Management 1,0000,000 shares of the Company's common stock and a warrant to purchase 1,000,000 shares of the Company's common stock at an exercise price of $0.10 per share.

I'm not feeling good about today's dilution. I think it is a bit ahead of schedule to be BellRidge. As for the insider purchases they usually predate meaningful news by months to avoid a insider trading charge. The idea that they make yet one more announcement that they are taking pre-orders but with a twist of you have to put $500 down doesn't excite me. No one has made any pre-orders when it didn't require a deposit. Best case is this is BellRidge and it is dilution for the company to have revenue to address the potential customers needs/concerns.

But Ponder voluntarily paying 30% higher than the stock was valued back when he made the deal is a good sign that at least they thought a few weeks ago things looked o.k.