Cool Technologies Inc (WARM)

[kayak_wench]

They approved 3 million in funding to "buy components, build product, and fulfill orders through the issuance of bridge notes" and "As of November 16, 2018, the company has raised $2 million.", but as of the 10 Q they have only ordered parts for 5 vehicles. They had a bit less than $700,00 cash on hand. How can the sale of 10 vehicles be worth $1 million in sales, but parts cost 1.3 million.

They have either ordered a lot more parts they are not telling us about or have been using the money for something other than buying components and building product. One would hope that Craftsmen would not demand to be paid up front for their labor, but who knows. I would love to know which board member made the initial investment noted in the 10Q. Previously it has been Ustian that has consistently bailed the company out of its financial perils. It would be good to know other members are as passionately invested, particularly the CEO of Craftsmen.

My hope is the 3million in funding number was selected to not simply fulfill the first 10 orders, but to maintain continuously production and rollout the remaining 250ish trucks without delay. News of that would have to positively impact the stock price.

I'm expecting that the first truck will be delivered by mid-Dec.