{"id":6473,"date":"2015-08-06T13:13:57","date_gmt":"2015-08-06T13:13:57","guid":{"rendered":"\/?p=6473"},"modified":"2015-08-06T13:39:32","modified_gmt":"2015-08-06T13:39:32","slug":"coates-international-ltd-otcmktscote-stumbles-further-down","status":"publish","type":"post","link":"\/articles\/coates-international-ltd-otcmktscote-stumbles-further-down\/","title":{"rendered":"Coates International Ltd. (OTCMKTS:COTE) Stumbles Further Down"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90944\/fsadf.png\" border=\"0\" width=\"438\" height=\"195\" \/>Coates International Ltd. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a>) lost another 20% of its market value on increased dollar volume yesterday, once more dipping just below the penny threshold. <\/p>\n<p>Truth be told, this turn of events was all but inevitable, and should have not been hard to predict for investors that do serious due diligence before committing to a stock. Why?<\/p>\n<p>Because even the most superficial due diligence on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong> reveals a pretty grim picture. The company&#8217;s financials&nbsp;for the last reported quarter are downright horrifying:<\/p>\n<ul>\n<li><span style=\"color: #ff0000;\"><strong>Cash &#8211; $72 thousand<\/strong><\/span><\/li>\n<li>Total Current Assets &#8211; $190 thousand<\/li>\n<li><span style=\"color: #ff0000;\"><strong>Total Current Liabilities &#8211; $7.1 MILLION<\/strong><\/span><\/li>\n<li>Total Revenues- $5 THOUSAND<\/li>\n<li>Net Loss &#8211; $2.8 million<\/li>\n<\/ul>\n<p>And these numbers do more than fail to impress &ndash; they hint at appalling idleness, paired with crushing debt. Needless to say, that is neither a viable business plan, nor something that long term investors like seeing in a company.<\/p>\n<p>The situation gets even more discouraging when you consider the fact that a substantial portion of the company&#8217;s current liabilities are in the form of toxic convertible notes, with horrible discount provisions. And, even worse, said notes are not a thing of the past &ndash; <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong> just keeps issuing them, seemingly without regard to the damage they are doing to investor value.<\/p>\n<p>For instance, the latest agreement that the company signed with Vis Vires Group, Inc. specified that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a>&#8216;s<\/strong> debt to the lender converts at &ldquo;<em>61% multiplied by the average of the three lowest closing bid prices during the ten trading-day period ending one trading day prior to the date of conversion<\/em>&rdquo;.<\/p>\n<p><img decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90944\/gfasdfasf.jpg\" border=\"0\" \/>Investors need to take note of this, since this seems to be the norm with <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COTE\">COTE<\/a><\/strong>. Which, in turn, is why it is unsurprising that the ticker is stumbling every few days. Under the circumstances, hype can only push it so far, before it comes crashing down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coates International Ltd. (OTCMKTS:COTE) lost another 20% of its market value on increased dollar volume yesterday, once more dipping just below the penny threshold. Truth be told, this turn of events was all but&#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-6473","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\/6473","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=6473"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6473\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}