Cool Technologies Inc (WARM)

[Sj7171]

You are probably 100% correct. They must be diluting through the convertible debt. The convertible debt on their books from the last 10-Q has lots of extended due dates, extensions with inducement shares and penalty shares. These holders of the debt are probably cashing in on the guaranteed profit or getting more penalty shares or inducement shares and selling the shares since it is free money. That small amount of convertible debt is diluting the crap out of this company. In the interview, Hassett says we don't have to go to shareholders to fund the company any longer, but they are still paying the price for the bad decisions that got them into the convertible debt.

Actually, at this point who knows. Everything they have said has been so off that I don't even know if the Company exists any longer.