{"id":5952,"date":"2015-06-16T11:13:53","date_gmt":"2015-06-16T11:13:53","guid":{"rendered":"\/?p=5952"},"modified":"2015-06-16T11:39:26","modified_gmt":"2015-06-16T11:39:26","slug":"is-coates-international-ltd-otcmktscote-going-to-turn-the-tide","status":"publish","type":"post","link":"\/articles\/is-coates-international-ltd-otcmktscote-going-to-turn-the-tide\/","title":{"rendered":"Is Coates International Ltd. (OTCMKTS:COTE) Going To Turn The Tide?"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90413\/fsdafas.png\" border=\"0\" width=\"429\" height=\"191\" \/>Yesterday, Coates International Ltd. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a>) finally managed to recover some of the ground it had lost in the previous six sessions. But will this bounce last? <\/p>\n<p>The answer to that question seems quite logical at this point in time, and even superficial due diligence can easily lead investors to it.<\/p>\n<p>Put bluntly &ndash; there are a couple of reasons for <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a>&#8216;s <\/strong>fall after the initial wave of excitement surrounding its boastful claims died out, and none of then has really gone away on Friday.<\/p>\n<p>For one, its financials are hardly encouraging:<\/p>\n<ul>\n<li>Cash &#8211; $72 thousand<\/li>\n<li>Total Current Assets &#8211; $190 thousand<\/li>\n<li>Total Current Liabilities &#8211; $7.1 MILLION<\/li>\n<li>Total Revenues- $4.8 THOUSAND<\/li>\n<li>Net Loss &#8211; $2.8 million<\/li>\n<\/ul>\n<p>And if you think those numbers are unimpressive, then you should certainly check out the company&#8217;s share structure.<\/p>\n<p>Some digging and a bit of basic math shows that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong> stock has been diluted more than 50% during 2014 &ndash; a fact that is made all the more horrifying by the revelation that the shares that caused said dilution were issued &ldquo;at a discount ranging from 30% to 40%&rdquo;. And that&#8217;s not even the worst part of that sad and grim tale.<\/p>\n<p>According to the company&#8217;s latest financial report, there is still more than $300 thousand worth of debt that could be converted into <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong> shares and dumped on the market at any time. Case in point &#8211; just between April 1 and May 13, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong> has issued a further 101 million shares at an average rate of $0.001 a piece.<\/p>\n<p>So let&#8217;s recap &ndash; <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a>&#8216;s <\/strong>hype is spent, its balance sheets look atrocious and its share structure is even worse.<\/p>\n<p><img decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90413\/fsdafsa.jpg\" border=\"0\" \/>In all honesty, in light of all this, the ticker&#8217;s latest upward movement looks more like a dead cat bounce than the start of a lasting recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, Coates International Ltd. (OTCMKTS:COTE) finally managed to recover some of the ground it had lost in the previous six sessions. But will this bounce last? The answer to that question seems quite logical&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1689],"class_list":["post-5952","post","type-post","status-publish","format-standard","hentry","category-news","tag-cote"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5952"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5952\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}