My Coates State of the Union synopsis:
Based on the current, somewhat new- "quiet period" we are currently in, I thought I would some of my views on the current state of things both Positive and Challenging.
These are all IMO, and are gathered from over 20 years of History with Coates. There are obviously more items than this list but it encompasses the major points , at least from my eyes:
The Positive-
1- The CSRV technology/Patents is unique & adjustable which potentially offers many advantages to many different variations/applications to millions of standard poppet valve engines across the world. The Technology could have so many applications that it would make your head spin . If even a few were adopted it would be historic.
2- George Coates - His 30 years of persistence to see his dream through despite years of Challenges/failures is something as I can see as in the top .00001 percentile of Persistence. Most would of gave up long , long ago.
3- Current total Market cap Value is around 900k. Not 9 million or 90 million or 900 million or 9 billion.. It is 900k. Some peoples homes are worth more than that. What would it take to increase this market cap? - not too much...
4- The Share structure is the best it has ever been. With our recent 1/200 R/S our share structure is now in great position to make a large possible move .
5- Potential worldwide application of the CSRV engine and license agreements- whether it's China, USA, MENA- The possibilities are large and limitless
6- Why are we still here? The answer to that question is broad. Many are married to the stock from long ago, Many love the technology, some are here to justify a past lost large investment and many were hypnotized by the Man who is George Coaters himself . Maybe it is a combo of those things. But the unique answers to that question comes to a common conclusion... We are here because of George Coates.
7- Hydrogen Applications are in its infancy. Potential Hydrogen applications for the CSRV engine are starting to become a possibility. Whether it is H2's usage or another companies , Hydrogen Tech, as compared to a baseball game: is In the Top of the first inning and the first pitch is just in the windup and hasn't even left the starting pitchers hand yet....
8-We have a large facility already in Wall twp that can be expandable. easily Upgradable...and ready to go. Just add orders...
9-the Unknown. most above is somewhat what we know already. The unknown can be even more powerful than the known..
The Challenges
1- Past History of deals not coming to fruition. Many years of this. History holds the edge right now...Hard to believe anything new due to past history. Need actual sales and production
2- Dilutive financing to keep the lights on. Due to not having any deals come to fruition , Coates has to continually had to get toxic financing to keep the dream alive.
3-Anti Dilutive agreements for Coates(form 4's). I could of put this above , but it is different in this way.. Despite share holder hostility towards this, they keep getting their shares when they dilute. It is quite possible that in addition to keeping the lights on for Coates, that this is the only personal Income stream(share selling) that Coates has until a big deal comes through(this isnt verified but it makes sense)
4- George Coates himself. The double-edged sword.. for all the uniqueness of the Mad inventor and persistence that sets him apart from all , we seem to have a Control freak oriented persona who doesn't like outside help , unless he needs it (money) and hasn't delegated enough to individuals who maybe able to help him see his dreams through. Which one outweighs the other? or does it cancel out? I am not sure. I will still vote for persistence.
5-Time/GC's age. He is getting up there. Not that there is anything wrong with that. We all are. But it plays into the thinking. Maybe he will learn from his past, maybe he will be that much more determined to see his vision through. Maybe he is just content with how things are. We dont know.
6- Durability/testing of The CSRV applications. Obviously limited to unknown . The Seals, the engines , there is some known history there- nothing recent however.
7-lack of traditional financing. Due to the lack of history,sales and production it has been impossible to secure traditional financing as of now.
8- Employees/ramping up/scalebility. Only a few employees and a tight budget as of now and until a deal can be secured.
9- the Unknown. Same as above. what we dont know as to why some deals fell apart, how is George, how is the durability, there are many questions.
Sometimes it just helps me to put this on paper to see what my own "state of the Coates union" is . It is good to have realistic expectations. As of now History still has the edge ,but the risk/reward is extremely low incase GC finally gets it done. I am happy with the "no news " deal right now as past PR's have worked zero.. unless you are in for a quickie. Most are not.
Also I wanted to add:
I have zero contact with GC now , no inside info, He has stopped responding to me years ago after I questioned a few things. But that is OK with me as I am still one of his top supporters.
Good luck to all , feel free to add or subtract to the list(except for Hulk/Titan as we know what you are going to say)
AI
