It's been reported in multiple newspapers if your unaware of all the games that George Coates has pulled you may want to do some DD. do you know when the old BF Goodrich Miami Oklahoma plant that George was buying from its owners is getting up and running? Remember George made an offer on the plant and the offer was accepted, shareholders were very excited about that! Or did that just fade away like all of George's other deals and orders?
I have a position in Coates (COTE) and still refuse to sell. However there is some truth to George's sketchy business practices in the past. He has been in trouble and even jailed for 5 days. He has mislead and mis-represented test results, shareholder information etc.
HOWEVER, I do (For whatever reason) Believe strongly in the potential of the product and therefore remain long in this stock. I feel George is potentially a terrible business man, but an engineering genius that may just pull this off. China either sees something great or George has fooled an entire country. Time will tell.
My Point? I have not invested any more than I am willing to lose. I believe the risk is worth the reward. Just as much positive information can be produced as negative, the true DD comes when you sift through both and make your judgement on company/product potential. Corporate america is litered with crooks and con artists, lets just hope the product proves to be viable verse the creed of its inventor.
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