Still digging through S-1. I noticed 2 of the new directories provided $100,000 each this spring, must of paid a bill. Good to see $$ support rather than just video endorsements. Would like to see both increase their ownership.
On April 29, 2015 we issued Mr. McKee, a director, purchased 222,222 shares of common stock and a five-year warrant to purchase 222,222 shares of common stock at an exercise price of $0 .57 per share. We received $100,000 for the sale of such securities.
On May 1, 2015 we issued Mr. Ustian , a director, purchased 222,222 shares of common stock and a five-year warrant to purchase 222,222 shares of common stock at an exercise price of $0. 57 per share. We received $100,000 for the sale of such securities.
First post from user name so not a regular investor, or someone trying to hide who they are. Plus really bizarre post in that it that doesn't say anything, uses poor English, and whose only purpose seems to be to blow sunshine up management's bums.
Maybe they will surprise us with some tangible sign of progress (besides talking about how much "tooling" they are doing...comment on the CEO's description of ongoing activities in last press release).
From the S-1 just released...
"The Company's capital requirements for the next 12 months will consist of $3 .5 million with anticipated expenses of $1.5 million for salaries, public company filings, and consultants and professional fees."
From pre S-1 in July
"The Company's capital requirements for the next 12 months will consist of $6 million with anticipated expenses of $1.5 million for salaries, public company filings, and consultants and professional fees. "
This time by Peak Finance, LLC in Nevada district court. Its a stockholder's derivative suit. Hmmm, some stock holders believe management may not have the shareholder's interest at heart and a focused only on their own monetary gain. Where would they get such an idea?
Another reasons to keep researching the ongoing applications yourself. Should one be approved, it will not be formally announced by the company for sometime after the patent office declares it patentable. The formal patent is not granted until money transfers hands which takes some time. Any of the three ongoing patents could be approved at any time. That would definitely be a good turn of events for WARM. But only those of us who dig around know that that has not happened yet. Meaning, as an investor you should verify what I have said is true and not take it at face value. The internet is full of manipulative people with a hidden agenda.
Below is information I came up with in a 5 minute Google search. Keep googling as WARM probably has a couple of other patents submitted that have not yet been made public. But doing this type of research is necessary to counteract the "everything is dandy" message we get from WARM. In the last quarterly report WARM bragged that most of the money expended last year was to secure intellectual rights, implying this shows them to be making progress and investing wisely. But I find it misleading because the dollars invested are not for patents in new areas, but patents in technologies they have already invested $$ in, but could not get granted.
Braking system technology:
Pub number 20130015023, first submitted July 2012, Heat Pipe Cooled Brake System has been abandoned since May 2014. It would seem logic that pub number 20150168077 Heat Pipe Cooled Wet Rotating Disc Engagement System, submitted Dec 2014 is a new, more narrow attempt.
Hybrid system technology:
Pub number 20110000721, Hybrid parallel load assist systems and methods, first submitted, July 2010, had its third final rejection Aug 24, 2015. Pub 20150045180, Parallel power input gear box, is a new submission that appears to be one component of the unsuccessful hybrid system patent. It was first submitted July 2014, one month after the load assist methods patent received its second final rejection.
Heat Pipe technology:
Pub 20090178785, Composite heat pipe structure, submitted Jan 2009, abandoned Oct 2013. Pub 20140239756, Radial vent composite heat pipe, submitted Feb 2014.
1. Bearing technology:
Heat pipe bearing cooler systems and methods - granted Jun 2012
(3 patents with same title...probably variations on theme)
2. Electric motor with heat pipes - granted Aug 2009
3. Electric motor with heat pipes - granted Mar 2012
4. Electric motor with heat pipes - granted Oct 2012
5. Totally enclosed heat pipe cooled motor - granted Apr 2012
Wow, my ability to type accurately on my phone is either very limited, or I don't know basic English, I'll let you decide. Chow, oops I mean cheers!
If their claim of first to operate "independent of gravity" is meant to only apply to applications where the heat pipes are integrated into components with moving parts then they should put that on the website. Anything else is misleading.
Google a legitimate way to gather technical information used by scientists, engineers, graduate students, and hopefully even you because the science portals typically make their information (up to abstract) searchable from there. No one should feel any shame from Googling...they should feel shame from blindly believing what others post without checking it out. I also never claimed to be knowledgable about the industry, I said I understood the technology. Besides deciding jumping to the conclusion that I only know about NASA, heat pipes, or anything based on the use of a single phrase shows a lack of rational thought...despite your self proclaimed subject title.
I feel that WARM's repeated poor estimate of product delivery time-tables reflects on their not understating the complexities of commercializing a R&D product. I hope WARM is not planning to limit their potential investor pool to only those that do have those skills. I would think they would have them themselves and convince investors of their aptitude in those areas. I'm an investor who believed their old time frames, and they haven't been right. I am frustrated. How about they one they made just this spring that the mobile generation would be out mid-2015. Its Sept......almost the end of the 3rd quarter and nothing.
You said "No sophisticated investor would ever sell in such a fashion ". I agree, thats why I took a guess at the reason for the large dip in prices was WARM was diluting to open market to get $$.
Too bad they WARM wasn't as knowledgable as you on the need to submit small defendable patents, they could of saved time and money. I only wish WARM understood patents the way you do before they started submitting them. There most recently denied patent (HYBRID PARALLEL LOAD ASSIST SYSTEMS AND METHODS) got its third final rejection in late Aug because it was way to broad. Their much more recently submitted patent (PARALLEL POWER INPUT GEARBOX) looks to me to basically be a submission on one subcomponent of the parallel load assist patent. Three final rejections over 5 years they tried to push that parallel hybrid load assist system through shows it took them some time to learn what you expect their investors to understand.
A good idea doesn't mean success. Not only is their management in question, but their honesty. There was the announcement of revenues way back in Dec 2013 via a PR that is posted on their website, yet they remain at zero revenue ever.
But what is really bugging me is the blantently wrong and repeated claim that their heat pipes are the first to be independent of gravity and to have separated heat source and sink components. That is ridiculous. Heat pipes only came to the main stream because NASA ran with the idea during the 1960s as a way to cool their technologies. And they were an excellent solution for NASA because they are passive devices that operate in zero gravity, with hot and cold components separated!!!. I have wondered if the only reason they were able to get a patent is because NASA as a government agency didn't routinely apply for them. They must of decided they needed to make their heat pipes look different and listed whatever came into their head because they don't think investors understand the technology. I do and that is why I invested, but I'm coming to realize good ideas need a good team to bring them to market. The fact that the failed Navistar executive is on the board is not at all reassuring. The Siemens guy is somewhat hopeful, but he is a engineer not a company executive. He gets the technical work done. They need effective management that can create a business plan and execute it as planned. Given all the missed revenue dates and delays, that does not appear to be what they currently have.
A tropical storm is hitting and going up through the middle. Many trees will be down and there will be significant power outages. Too bad CoolTech couldn't get a few trucks down to Fl Ultimate power truck in the year and a half since announcing the center. With current long-term climate model forecasts they should have another 10 years to try to get their product to market before the next storm.
In thinking about it, maybe they just hired someone to port the existing website as is to the new logo. In that scenario I can see nothing changing in the presentation, but they did edit it some for content and added new slides. So I am back to thinking if anything meaningful were about to change (like saying mobile generation is commercialized versus "is being") then they would just leave the presentation off the site until the news was announced. So nope, I think we could still have months to wait.
They updated their website and investor presentation. The presentation is pretty much Dec2014 presentation with new power point theme to give it the "Cool Tech" look. If anything it sounds less positive in that it seems less certain of when it will come to market. If they were going to announce a deal soon in either the mobile generation, motor/generator, or pump sectors I don't think they wouldn't waste time putting a slide out all there were "being commercialized". That was the same state they were in Dec. Apparently "Commercializing is a 1.5 + year process.
DUDE, people get paid with a check....they can choose to cash the check, or they can put it in savings. By not selling shares, he is essentially choosing to reinvest his compensation into the company. THAT IS THE SAME AS BUYING SHARES. He could of immediately liquidated them and taken his shares in $$....that is exactly what LPC does...which is why LPC drives the share price down.
BTW, why do you post about transactions that occurred months and months ago. This stock will move on what is going to happen, everything that has occurred is priced in. You'll do better by looking to the future on your investments not wallowing in the past.
They have significantly increased their investment in financial services this past quarter. I don't think they would be handing that much stock over each and every month if there were not financial proposals, mergers, acquisitions expected in the next year.
from the latest 10Q
During the quarter ended June 30, 2015, we entered into separate agreements with three companies, which subsequently became shareholders, to provide financial advisory services, including developing, studying and evaluating a financing plan, strategic and financial alternatives, and merger and acquisition proposals. Under the terms of the agreements, we agreed to issue an aggregate of 333,332 shares of common stock each month through June 2016, as services were delivered, for a total of 5,000,000 shares over the term of the agreements. These agreements may be canceled by either party with a 30 day notice. During the six months ended June 30, 2015, we recorded expense at fair value of $510,007 for the issuance of 1,000,013 shares. If the services are provided and the agreements are not canceled, an additional 3,999,987 shares remain to be issued.
In June 2015, we issued 25,000 fully-vested warrants, with an exercise price of $0.70 per share and a life of four years, in exchange for financing advisory services.
versus from the Recent S-1
In March, 2014, we entered into an agreement with a company, which is also a shareholder, to provide financing advisory services, in return for 400,000 common stock warrants having a five year life and an exercise price of $2.50, with vesting in March, 2015 upon satisfactory performance under the agreement. As of December 31, 2014, we deemed it probable that the vesting conditions will be met. Accordingly, during the year ended December 31, 2014, we recognized expense of $200,379. The grant date fair value of these warrants was $352,000.
I was glad to see no one caved to the 0.25 bids yesterday. Not only that someone made a grab for a few thousand near 0.40 today. I think it shows if we get SB out of letting their shares go for the mid-30s that the price will move up as we get closer to the quarterly update.
Elite has been reporting stability results on Eli-200 for months, maybe over a year. Most CCs from 2014 comment on the results (those are 7 months old and counting). On-site reviews of their manufacturing capabilities have also been somewhat regular. They have yet to get tripped up for anything under their control, its all been the unexpected "extra" requirements of the FDA You do realize Elite knows what it is doing, and that the items you mention are under control?