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.
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.
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.
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.
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!
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
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.
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?
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. "
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.
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.
I wonder if they don't have any chance of every getting anything on the market or plan to hold back any announcements until after Dec 15, which would strip 1,000,000 of stock out from under SB (as long as stock price remains under $0.25).
"This prospectus relates to the resale, from time to time, of up to 14, 287,313 shares of common stock consisting of (i) 487,313 shares of our common stock currently issued and outstanding held by Spirit Bear Limited ("Spirit Bear") and its assignees, (ii) 6,000,000 shares of common stock issuable upon the exercise of warrants at an exercise price of $0.25 per share, with an expiration date of January 29, 2017 and 1,000,000 of which expire on December 14, 2015"
That "order" was actually from the guy who is running their Florida work truck showcase center so it was not really a legitimate order. That fellow not only gave them $500,000 downpayment for this 'order', but also shot them another $250,000 last winter.
And yes, they show $500,000 on their financials, but they do not call if 'income' or 'revenue' because I don't think they can do that (or spend it for that matter) until it they have product to deliver and deliver it.
"We generated our first Mobile Generation order during the quarter ended June 30, 2014, and received a partial deposit in advance of completing the sale with companies controlled by the individual who is a 5% owner of UPT and a shareholder of the Company. "
On Sept 2 you posted the following
"This stock is bad and management is bad. Remember , they got involved with the crooks at spirit bear. What kind of dd did they do? If this ever gets back to .60c i am out. Come on pump and dump."
So you had a called management and their telling you B.S claims over the phone convinced you your conclusion on the 2nd was wrong?
Did they tell you they have revenue? Did they send you any picture of actual product? Did they give you phone numbers of all these potential customers they have been negotiating with for over 2 years? Remember they have been "taking orders" since early 2014.
All this B.S about call them and you will feel better is about really about call them and if your weak let them manipulate you because its easier to do over the phone than via documentation.
If they have information regarding their B.S claims of success and revenue, then they should share it with all shareholders and not in one on one phone calls where they figure out the what ego to stroke and how.
So you know of "issues" that that the rest of us don't. If you have information that you got via the phone that is not available to the rest of investors and this information is affecting your decision to buy or sell that is insider trading, and should the SEC choose to chase you down they could. If this stocks blows up in price, someone could see this post and decide to see if they could get the reward for turning you in. Martha Stewart served prison for information from a phone call.
I suggest you describe the "issues" you are aware of so that they become public.
Your supposedly and investor who got a inside information from a personal call with the company formerly known as HPEV's president and is so convinced that he is telling everyone everything is fine and great things will happen, but not giving any details. Or as you claim he repeated to you everything that is already available. If its the latter and it changed your mind, then you are a bafoon. So lets assume its the former. If you really believed that what you learned on the call meant the investment was a strong buy, and you had money left to invest, you would not be telling anyone, you would be buying hand over fist at these prices while you could. If you believed it was a strong buy and you didn't have money to invest you would share what you know because that could help the price. This "I know something you don't and the stock is going to increase by 30 fold" business reeks of someone affiliated with the company trying to prop up the price. BTW, that possibility is supported by how quickly my last post was deleted.
What does 'dose dumping' mean? Does it actually mean the other product is releasing its does all at once and not over an expected time period?