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Thursday, 11/08/2018 10:05:03 AM

Thursday, November 08, 2018 10:05:03 AM

Post# of 5699
Given the original contract with the farmer's unions (which by my estimation expired in Oct) included a 25% payment after 45 days, there is the possibility that we could see a PR for a partial payment if the existing contract has a similar payment method. The original contract allowed for about 6 months for delivery. Given the schedule announced until deliveries begin this one seems to be shorter, so in theory the company could receive funds around the end of this month (at 30 days). As debated in May we don't know whether CoolTech would PR such a payment, but if they do that would be an event that could convince investors to start believing in this company prior to first delivery date.

They haven't made the updated agreement public (just as they did not make the updated agreement that replaced the very first one made public in Nov 2017). But in the later case the how the contract was modified was touched upon in the 10Q, so I'm hoping we can glean some new information from that next week.
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