Keeping an eye on this one.
WARM (Cool Technologies Inc) out of Florida.
" An innovator and intellectual property company focused on environmentally friendly mobile power generation, and heat removal technologies".
Currently $.032 a share.
90 day Volume : 5.6 million
Today's volume: 20.9 million
Today (2/10/21) the CEO released a newsletter to share holders detailing some of the stuff they're working on.
Some highlights:
" A new aspect of our mobile power generation is its ability to support the Electrical Vehicle (EV) market. An MG System can charge an EV very quickly making CoolTech enabled trucks a key asset in the field as we move toward adoption of EV fleets across the world. New cars from Porsche and Audi, for instance, claim to be able charge at higher power rates (375 kW for Porsche). This requires a sophisticated battery management system and more power to charge them via upgrades to the local grids. CoolTech's MG System can accommodate ultra-fast chargers of 300 kW or more, for these advanced EVs without reliance on the grid."
- all projects previous to COVID are back on track.
- they are back ordered.
" With our technology developed, IP protection in place and a backlog of orders, our focus is now on securing funding to execute on our business. I am happy to say that we have found a financing arrangement that we believe we should be able to provide a debt facility based on the value of our IP and the orders that we have in hand. While we cannot disclose details at this time about this potential funding, our efforts have focused on a non-dilutive funding that would build shareholder value and we will provide details as soon as we can. As usual, we are providing the usual caveats that nothing is done until its done, but we are optimistic given the recent developments in these funding efforts."
- Looks like they are about to secure solid funding from somewhere other than offerings to "build share holder value".
To me this seems very promising, but thought I would throw it out here to see what our trading experts thought of it.
Link to the whole newsletter:
https://cooltechnologiesinc.com/letter-to-shareholders-february-2021/