Replies to post #1747 on Cool Technologies Inc (WARM)

[Tanker12]

It does make you wonder what is the goal here? Sell enough stock to fund my salary or build the advertised product?

[Sj7171]

I agree that they could have spent their money better. Also, they better prove something soon or the company will be in bigger trouble than they are now. However, the $20 million number seems high. The Cash Flow statements from 2014-2017 from the 10-K's show proceeds from stock sales and debt issuance is $9.7 million. $4.1 million of that amount was back in 2015.

That is still a lot of money spent to develop a demo that is not in production.