Coates International Ltd. (fka COTE)

[King1]

I've only done business here in the US so I can't speak about a deal in China. But I can say that I would be concerned if someone forced to me to use a particular law firm in a deal. If that is the case I might as well as give them the keys from the get-go and save the future guaranteed litigation and frustration. In time, the facts about the merger will come out and we'll know what the heck happened. In the meantime, the million dollars thrown into the pot from the Chinese is a good sign. But also a sign that future concessions due to strong negotiations from the Chinese should be anticipated. They are known to negotiate hard and try to change terms all the way to the closing table. Given the risk of missing something in translation or giving too much, I'd rather accept the terms and move on with production than sit around here waiting and doing nothing.