Cool Technologies Inc (WARM)

[kayak_wench]

I have tracked the distribution of shares to elected/appointed board members in the past SEC S-1 and quarterly reports well after the fact. I don't recall it being declared in a timely manner. The last couple (including Craftsmen CEO that was never publicly PR'd) was 400,000 shares. My guess is the lower the price the higher the shares and that the existing board can decide the gift a new member as many shares as they want.

As for being elected, it should of been a vote for shareholders but we don't have any say in any matters because of how they have structured the controlling interest (hence the increase in authorized shares being declared rather than voted on by us).

Who knows if they do things by the book.

I think Tim has at least two hail Mary's lined up that depend on Steve Wilburn. The export credit agency granting a loan based on the involvement of a reputable company with a reputable CEO and the PG&E proposal that I suspect they responded to. The latter is mostly FirmGreen technology, the former just gives them some of the money the Mexican customers still have to come up with money to pay for the product before it is delivered or pay off any loan.

I didn't intend to sound optimistic, but given the price and constant dilution the apparent desire by FirmGreen to integrate MG into their systems is much better than no news. Note in the PR that Steve doesn't commit to that he is still hedging his bets. What I would of loved to have seen is the board appoint Steve as the new CEO. That probably would of gotten a positive response from the market because it has no faih in Tim at this point.