Thanks for your well presented thoughts. I understand and agree with the core of what you've expressed. And it's nice to read something other than the typical sniping found here, mainly caused by investor frustration.
For me, I ended up investing in Coates after a friend told me about the company and that they knew someone who was very familiar with Coates and believed the stock was going to $10 within a year or two. That was about 10 years ago. I had never invested in such a speculative stock before, but that's how I got started with Coates.
Again, I understand what you're saying about the "inventor syndrome" where they understand their product but don't even know that they don't know business and how to move their football forward. They seem unable to give up control for the betterment of their company and products future.
Looking at the Coates board of directors, it's make up of it has been largely stagnant and there's been no public info to indicate they've done anything to benefit the company nor stock price short of loans or modest cash infusions. That's one thing that is incredible to me. There are plenty of semi retired extremely successful business executives who would likely enjoy being involved in a company like this if George would part with some of his zillion shares in return for the business expertise he so woefully lacks.
I alone know of people such as I've described that sit on numerous boards and/or are involved with well respected private equity firms that could bank roll Coates, should they believe in the story and be able to have influence in the companies direction.
Instead, the board is made up of some doctors and a dentist who apparently do nothing to help the company succeed, since the company hasn't succeeded on any financial level to this point.
Some may wonder why investors like me don't just sell our shares. For me, it's just that at this price I'd get next to nothing anyway, so I sit on it as part of one of my hobbies, stock trading.
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