That quote was from the last CC before we knew it would be delayed because of the request for waiver of fee. At that time he was also stating that no PR would come out until the FDA accepts the filing (versus when they filed). He obviously changed his mind about that, which I am guessing is because he felt he had to given the month delay in filing. The time-line for acceptance also increased from up to 4 weeks from his mid-Nov update to up to 12 now. I can only assume the FDA increased the possible length of time....who knows maybe because it is now free. Regardless the train to approval will not be stopping even if its running a bit slower.
But hey, if your right, that would be great, I'd love to hear an update. I'm just not getting any expectations for one.
There probably won't be input on ELI-201 or ELI-202 because the FDA has not accepted the application. Until then Elite/Epic cannot be convinced that no more $$ are needed for ELI-200. I hope I'm wrong, but I think ELI-200 is not put to rest until they know its being evaluated. That is why they keep saying they are eagerly awaiting the expected confirmation from the FDA of acceptance.
Did anyone else notice that Jeffry Van adorn is also a partner at Compass Aquisitions. I think it's promising that he has been following Warm for awhile and has decided to toss his hat in the ring.
Looks like I was totally wrong. Somone is now trying to unload almost 70,000 at 0.25. Looks like they don't want to miss the opportunity to dump some shares at the higher price. I'm going to stop trying to understand/guess what is going on cause I obviously don't have a clue.
Alternator? Sigh, Generator/motor.
Sure wish I would continue think about what my fingers are typing rather than what they will type next.
Not sure where I saw the 30, but still think movement will quit because level 2 has dropped significantly.
Weird stuff going on, someone must think they know something to have chased the ask up. It will be interesting to see if any shares sell below the current high....
Why is who ever they are working with must be dragging their heels. A big 8 manufacturer shouldn't need to take 2+ years to bring a new model. Could it be they don't want to license the product hoping CoolTech can't stay in business and will selling them the patent? CoolTech brags about forcing all companies to adopt their technology, but any manufacturer would rather be the only company with the technology. And own that technology By saying they were going to license it,but not doing it in a timely manner they lock up that revenue stream, forcing CoolTech to bring in revenue in other areas (the difficult to market mobil generation....its been open to orders since 2014...I think I can call it difficult), and the pump product that they are essentially bringing to market themselves and having to take on debt to do so.
If the above is true as soon as CoolTech secures revenue (and thus their existence) without a license, I think we will see a license deal.
Someone has been accumulating this stock for several months. They (I think its mostly one person based on level 2 activity with the occasional extra buyer) were responsible for bringing the price lower a few months back when they would refuse to meet the bid and let there be zero shares sold for the day. In most cases just before the day ended the seller would relent and let the stock go at the lower price. Then the next day it would open a bit lower. Now the buyer is the one who can't wait. Earlier in the week we had one or two zero share days (the seller didn't budge by end of day). The last couple of days the buyer is not waiting until end of day they are accumulating their 15 to 30 thousand shares (that is what they have typically been doing) even if it means pushing the price up. The MMs have staged graduated ask prices that increase the price.
Right now I think the action will stop because the buyer has their 30+ shares for the day.
I'm pretty convinced they have companies working to license their motor/generator technology. And if so then tI think his will easily pop above a dollar with the announcement of the deal.. Especially if a generator license/royalty deal is with a large manufacturer (I.e. a Emerson or Siemens). With their pumps performing as they do I'm not sure why they had to use a 'joint venture product markup' approach for that market. The possible revenue for pumps given that approach could be affected by their ability to reach customers and the possible negative perception of a non-mainstream brand on those customers. Utilities/manufacturing/municipalities are very conservative with technology (they do not seek out the latest and greatest, but the tried and true). They are going to look at not only performance, but whether the manufacturer will still be in business to address problems in the equipment they buy.
As for the mobil generation market, I'm not at all convinced that it will bring in much revenue. Hassett stresses how because the generator is 75% lighter it will take less gas to use it because the decrease in weight equals less gas consumed. That ignores the fact that one needs to factor in what % of total driving time a work truck would actually be pulling a generator. I think that market is limited to a small market. A electric utility for example might think it would be good to have 1 or 2 trucks with the capability, but would likely not outfit all of their trucks with it. It would cost them in extra $$ for gas because they are always driving around a generator even when repairing/working on things that don't need a generator.
Not possible. The FDA has not accepted the NDA...once they do that the earliest for decision is 6 months past that acceptance, but it could take a bit longer (their 6 month review is a goal not a promise). Based on the last PR, the acceptance of the NDA may take until early March putting final approval (which we hopefully get) out to the fall.
I think your right. I just have never been a fan of the mobil generation application. The PR indicates to me that they may be having trouble convincing anyone to buy it and are having to get creative. But the generator/motor/pump markets should be good. Utilities focus on getting the power back up (rebuilding downed lines) not establishing back up generating capacity. After hurricane Andrew FP&L had everyone out putting up poles and lines for weeks, even line management. Consumers who cannot stand an outage are expected to have their own backup power sources (i.e. hospitals have generators). Individual homes with someone who needs continuous power (i.e. ventilator) can notify the utility from what I understand that just means their housing area will be higher on the list for being brought back up. But I can't see the utility buying into absorbing the cost of parking a truck at a house, or hospital. Interesting fact that at least in the 90s the number one area to be brought back up by ConEd was the poorest neighborhoods because of the risk of rioting and vandelism, they were above everyone hospitals....heard that from ConEd management while getting a tour of a distribution control room (not a tour for the public).
BTW, this use of trucks in disasters dodges the issue that the trucks need to be continually refueled. So either the 4 wheel drive trucks drive off to get fuel or a fuel truck drives to them (not likely in a disaster). So it will not be continuos power.
Can't type on phone, tried to say I think they need to have a storage technology provide power during the day and have it recharged by the trucks at night. Allowing the trucks to be used as trucks for most of the day. Stringing power generator options to increase total power output can be done with any power source. So picking a power output large enough to have a significant lead time and cost was misleading.
It is disappointing to get these meaningless prs that have no substance.
Seriously comparing a wind generator to a generator that uses a fuel that will power trucks!? No one puts up a single wind turbine for temporary power. I guess the only way they could make it sound like tying up 10 vehicles rather than using a single diesel generator was to compare it to a wind turbine. I suppose it's better than comparing it to solar power. How would one get a wind generator constructed in a disaster area? If they park 10 trucks in a developing country they will probably be stolen by people that believe the trucks are best used to transport stuff.
A reasonable application would be to use stored to power 10 houses and recharge it over night when the trucks are not being used. Problem is large storage technology hasn't become economically viable yet. But for a single house it could be a reasonable option. They need the battery off the truck because the truck needs to available to be used as a truck.
They said in a PR last year they had reserved a larger spot. Maybe they still won't have product by March of this year? Regardless no company registration for Cool Tech or HPEV. Deadline for discounted registration price is Feb 12. If they don't have a truck they can take I don't think they should go (shouldn't of gone last year), but if they have real trucks (not prototypes) and their trucks are available it would be a good thing.
They have a YouTube site, they should post a video of the head to head test of their pump against the competitor. If investors could believe they had a pump that produces 4 times more power than the competition with less maintenance cost I think we would see some price action. The problem is investors were burned from their previous PRs that misrepresented their progress.
This article also primed the pump for Elite to have a healthy bump once they announce they submit the NDA (which is soon). They focused on that as the primary negative for Elite. So investors who read this article and start watching Elite are going to be excited when they see an announcement that the FDA has accepted Elite's NDA submission. Of course the biggest rise will be reserved for FDA approval. But by segmenting the progress into Phase III, NDA, Commercial, the NDA acceptance could get more eyes because of this article.
I never worked in the pump, motor, generator industry. I just believe (very strongly) that the technology has the capability to do what they say it can. Not all engineers work for companies that make and sell widgets. I invested based on companies paying for a license and integrating their technology into a well respected companies products (don't care much about the mobile generation market). If that happens, I think we can expect that a company is willing to pay 10 million for a license expects to make 10 to 20 times that in profit over the period they have the lisense. But if their revenue is based only on the approach of building it themselves that is harder to estimate. They haven't explained how they intend to market these pseudo in house pumps. ABB could quickly have people marketing new capabilities across the country. Essco doesn't have much of a market share, and limited ability to reach out and expand their market (check out their outdated website, no one could/should be using that for anything). But I think any revenue (as long as it is in the mid 6 figures) will push us solidly back into dollar range. And if their improvement in power density is what they are touting there will be license agreements and people will invest believing that.
I admit I'm bashing Hassett for not following through on communicating and not meeting the deadlines and milestones he sets, but I want to give a nod and say I think it is really cool how Hassett integrates his respect for his dad into the company. He has been doing it one way since I began watching this company If you have ever worked for a technology company you know when you hire on (i.e. sign your contract) you sign away your right to any ownership of your ideas that could relate in any possible way to the company while you work at that company. I'm guessing his dad may have lamented that his salary didn't properly reflect the $$ his ideas brought into the company, and that could of been a motivating factor in Hassett deciding to starting up his company.
Independent of my making money on this investment/gamble I would be rooting for Hassett and his partner Hodowanec (and key idea contributor if not primary generator) to succeed as a 'little guy engineers' getting what they deserve from the 'man'.
I really hope I get served some crow and that you get to relish in all the "I told you so" moments you want. But we need revenue! Hassett was supposed to provide a time table via his blog...but he was also supposed to post answers to investors questions back in mid-Dec. And some of us remember this PR from Dec 2013 'Energy Efficiency Innovator HPEV, Inc. Announces Revenues in 2013'.
But if this last PR is on the up and up, and they really do have test results in hand that show their technology allows a pump to produce 4 times more HP than competitors, that could push a pump company to enter into a license agreement and quickly. If this improvement also translates to the generator (it gets 4 times the power density rather than the previously estimate/measured 0.25 more) stand back. It would be nice for Hassett to blog about how the performance was improved so far above previous tests (were the other tests done incorrectly, did they tweak the design, was it because the other tests were on prototype equipment that didn't meet spec).
Who ever drove the bigger than normal volume and was willing to end the day buying a few shares at 30% over typical price obviously knew about the PR that would be released Thurs. They apparently didn't realize that investors have read so many PRs about successful tests and partnerships from warm that unless the PR relates to tangible revenue the price is unlikely to react. However, that person is probably still trying to accumulate and probably still has whatever inside source they did for yesterday's PR. So if we ever get a PR about revenue the price of the stock will likely jump significantly the day before or a few days earlier. The liquidity is so poor that if they have a real juicy tidbit, for them to get many shares they will have to drive the price up 50%+. When your just siting on the your shares the fact that a purchase of 1,000 shares pushes the price of another penny or two every time is entertaining.