Facts? Oh brother....
Okay, let's go down that road because I just had a reschedule and I have a few minutes to spare.
Here are some people that had to endure failure before they found success:
***Disclaimer: You may recognize a name or two. Perhaps not.
Abraham Lincoln, Henry Ford, Walt Disney, Milton Hershey, H.J. Heinz, & P.T. Barnum to name a few. I'm no history buff but word on the street is that it turned out okay for these fellas.
I would LOVE to have monitored message boards on their day to day struggles prior to literally defining success. If what you're claiming is true let me try to put what you're saying in historical perspective. Abraham Lincoln was a penniless shopkeeper who owed back payments in the late 1830's about say 25 years before he became President of the United States. Ironically enough his face can now be seen on the penny. Henry Ford was a dreamer, a silly heart, and spoke passionately of this BS "assembly line" thing he was proposing, frequently lecturing his co-workers about technology that didn't exist yet. Heresy! Oh brother, he would have gotten destroyed on this board. FYI his failed company went on to become a company called Cadillac. Walt Disney was a damn fool who saw the world a little differently, just a little lighter. He should have grown up and gotten a real job, right? Milton Hershey, let me guess he probably had a gagged transfer agent eh? I'll let you think about that one. H.J. Heinz should have thrown in the towel after he declared bankruptcy in 1875. I mean really, how dare that man continue with his idiotic condiment racket? And P. T. Barnum? He was a lying clown (lots of pun intended). He took money from anyone and everyone that opened their wallet to fund his dream of industrial development in Connecticut. We've never ever heard of a man like that.
Anyone that believes Mr. Coates is deliberately trying to defraud share holders is delusional. Let's think about this logically for a moment. A current share is worth about 1/20 of a cent. George Coates is entitled to 80.1% of the outstanding shares via anti-dilution awards (you probably see these SEC Form 4's).
So would it be more probable that A) he's been defrauding share holders for 25 years & CLEANING UP WITH shares that have no value or B) working long days and nights perfecting a game changer where his net worth will exponentially increase if and when they mass produce his technology? Hmmm?
What I find most inflaming about your comments is that you think he does this solely for money. Nothing against you personally or some of the other regulars on this board but do you really think a 75 year old man is doing this to get rich? If you take a long look at the ultra successful men I mentioned in the beginning of this post, you'll find that all of them shared a common denominator: they simply wanted to leave the world a better place.
I'll leave you with this quote from H.J. Heinz: “‘I do not care for your money, neither do I or my family wish to go out of business. We are not looking for ease or rest or freedom from responsibility. I love this business. Your talk of more money and less responsibility means nothing to me. To stop work is death—mentally and physically. This business is run, not for my family or a few families, but for what we call the Heinz family—the people who make our goods and sell them. The Heinz policy is to work for a better business rather than a bigger business; to make, if possible, a better product, and to make better people as we go along. We are working for success, and not for money. The money part will take care of itself.”
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