InvestorsHub Logo
Followers 41
Posts 2930
Boards Moderated 0
Alias Born 02/08/2014

Re: jletch9 post# 913

Thursday, 11/16/2017 7:12:41 PM

Thursday, November 16, 2017 7:12:41 PM

Post# of 5731
I am sure they are not legally obligated to buy all 234, but as noted they want the product. Airlines are not legally obligated to buy all the airplanes they arrange from Boeing either. Who wants to work with a company that doesn't let you change your mind if your situation changes. I am sure they will only be legally bound to buy the trucks for which they put money down (25 at a time). But new orders drive price. What matters is a customer has said they want this and the order is large enough for CoolTech to have a good revenue stream while they build new orders. So if they only end up buying 100 its still good for us. If they get the demo truck then come back and say no thanks, even after having 30 days of CoolTech addressing issues they found, then we are in trouble.

We have constantly been hearing from their insiders that this was marketable. Many of those insiders had real experience with understanding what is marketable in the work truck market. This is proof they weren't entirely off base.