Coates International Ltd. (fka COTE)

[longtimeinvestor00]

DEBT SETTLE: Coates International, Ltd. has been in business for more than 25 years with solid progress which has been successful.

They designed 1 cylinder gasoline engines, 2 cylinder air cooled motorcycle engines, 4 cylinder propane engines for home generators and 855 6 cylinder industrial natural gas engine generators that are being manufactured at the plant and shipped to its customers in Alberta, Canada.

Licenses and orders receivables on licenses total $56,000,000 USD received payments to date total $5,400,000 USD.

As far as I understand their building and land’s estimated value is $4,600,000 and they just renewed their mortgage for only $1,600,000.

Also, the auditors’ opinion has been posted the same for 25 years.