Coates International Ltd. (fka COTE)

[Hurricane_Rick]

Good update from the company.

It will be interesting to see what W2W does now that the ball appears to be completely in their court. From a business perspective I can see them waiting until the last day possible to pay the 8.8 million balance unless they're ready to start production immediately. Although some posters have floated the idea that the contract could be renegotiated. It should be interesting as the due date appears the end of this month.

I find the following quote from the PR both funny and ironic..."some of our unsophisticated stockholders are contacting these potential customers and Licensees and interfering with our company’s business and procedures."

Ironic because Coates management has been historically unsophisticated in its treatment of its shareholders...particularly the retail investors who supported them through the lean and bleak years.

Funny because I guess a "sophisticated investor" remains silent, blindly trusts the company, and does not use research or resources at their disposal to exercise due diligence, increase their knowledge of the company and its business plan and possibilities while mitigating their risk in what is a very risky investment.

But I digress...the update was still very informative and useful for current investors to benchmark where Coates currently stands with its various initiatives.