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If/When they have a viable commercial process and more than just paid pr and puff pieces... more than just 95% of a design they wont know works until they test said design at a commercial level... If everything they promise happens the PPS would obviously sky rocket... just like if I buy a Powerball ticket and match the 5 numbers plus the power ball number exactly my bank account balance would sky rocket...
I highly doubt either will happen in the next three months.... they have yet to meet a self announced timeline they wont break and push back
The pps is sitting around a dime because for the better part of a decade CCTC has continually lied to investors and pushed goal posts back on everything ... no other reason that that
I saw it as a decent opportunity to get back in after selling several months ago with a nice gain ... I was expecting a price drop in the near future around Easter and got it today... If it goes sub .07 I will pick up more... I think it will hit .10+ again over the summer... I am just not sure if it will be due to a RS or fluffy pumpness PRs
I wonder who is dumping today ...
Damn that was quick got my sub .08 filled now looking at sub .07 order to fill
Got my sub .09 bid partially filled now... dropped some to sub .08
@ Cartman when and where are they supposed to be setting up the pilot plant after moving it to Wyoming I haven't been here for a while but have a buy in slightly lower than the current price that will probably get filled in the near future ... being local to Wyoming it isn't tough for me to physically check progress. I will be in Laramie on Friday so if I have time I may swing by UW and drop in on my old PE(Petroleum Engineering BS & MS from UW) advisor and nose around about their partnership some
The PPS isn't just about what they have done, but also about what they haven't done ... & while I agree they have accomplished a lot more in 2017 than in previous years they also missed several self imposed deadlines which creates "FUD" or fear, uncertainty, and doubt for any non crypto nerds reading this ... if they actually did the things they PRd in the timeframes they PR the PPS would reflect investors belief in management... whereas right now the PPS reflects investors distrust in management
So when 2019 comes will you say the same thing about 2020? Seems to me it is awfully early to be talking up 2019 as the "definitive time in the history of the company" ... and I thought that was supposed to be Q1 2018 according to CCTC so investors are due big news by the end of the week to make that happen right?
Laugh... you know damn well there is nothing he can do punt the goal posts back a quarter or two
You guys aren't rich yet? CCTC hasn't saved the coal industry yet? How is construction going on the Wyoming plant? Did the test plant leave Oklahoma yet? I was thinking of buying a few shares again now that it is 2018 all those signed contracts will be coming soon...
Darn even with good news like its first revenue ... CCTC manages to blow the P.R. and leaves out any details like how much was received... was it a dollar was 750 thousand was it a penny...
Sad
Shaping up to be another big volume day here so far...
I got filled at a price cheaper than I had anticipated...
Which means in the last 3-4 weeks or so I have been able to increase my number of shares by 27% without spending any additional capital...
So far it has worked out well... Hopefully the price doesn't continue to drop to much I do have a sub .09 buy order out there to finish this off...
But if it did shoot up tomorrow I would be in nicely with more shares than I had a month ago...
The details of the M-prove process where minimal but it looks to have developed a way to spray various halogens to react with the mercury and other contaminants in a new aresol fashion that reduces the chances of using excess halogens which can create things like HCl hydrochloric acid or other damaging strong acids the halogen family can create like HF hydroflouric acid, bromic acid... etc etc
It does look compatible with CCTC's Pristine M on the front end to remove contaminants prior to the dehydration process...
At first glance it appeared to compete with Pristine M, but after further review it could be part of a series of steps taken on feed stock coal included with Pristine M dehydration ... it certainly is possible
I do wonder if the addition of halogens might alter the liquid hydro carbon byproduct from the Pristine M process... but without knowing more specifically about what reactions are taking place it both processes it would just be a guess... it is possible to do without any effect on the Pristine M process, however the acurracy and precision of reactions and amounts of additives needed could make that cost prohibitive...
I do see the byproducts of the Pristine M process as being a huge benefit to getting CCTC's tech up and running and that in itself could become a huge revenue stream for CCTC or whomever is selling it probably the coal company using the tech but that could lead to much higher royalties depending on what the byproduct actually is and how close structurally the organic molecule is to a sellable product(meaning how.much refining is needed organically to make a carbon structure that is sellable
Well, for starters M-Prove "has treated over 100 million tons of coal without any reported issues" already so if CCTC had anything to do with it they would have something called...hmm what is it again? ...that line on their balance sheet that is always $0... oh yeah REVENUES...
But more importantly if you look at M-Prove's website you can see that their process is completely different than that which CCTC describes as the Pristine M process...
"Our patented M-Proveâ„¢ Additives was developed to provide the benefits of halogen for mercury control, without the negative impacts. We use a form of halogen that can be applied at very low levels. This essentially eliminates the risk associated with halogen injection while achieving similar mercury control benefits."
Halogens are group 7A on your periodic table and can be dangerous for humans to work with in certain forms...Things like chlorine gas are fatal, but other substances with Cl(chlorine) like NaCl or table salt are not. This process of M-Prove is a way to inject halogens into coal without the dangerous effects it can have on the human body or the corrosive effects it can have on equipment.
Halogens are most noted in chemistry for their oxidation properties:
Probably the most important generalization that can be made about the halogen elements is that they are all oxidizing agents; i.e., they raise the oxidation state, or oxidation number, of other elements—a property that used to be equated with combination with oxygen but that is now interpreted in terms of transfer of electrons from one atom to another. In oxidizing another element, a halogen is itself reduced; i.e., the oxidation number 0 of the free element is reduced to -1. The halogens can combine with other elements to form compounds known as halides—namely, fluorides, chlorides, bromides, iodides, and astatides. Many of the halides may be considered to be salts of the respective hydrogen halides, which are colourless gases at room temperature and atmospheric pressure and (except for hydrogen fluoride) form strong acids in aqueous solution. Indeed, the general term salt is derived from rock salt, or table salt (sodium chloride). The tendency of the halogen elements to form saltlike (i.e., highly ionic) compounds increases in the following order: astatine < iodine < bromine < chlorine < fluorine. Fluorides are usually more stable than the corresponding chlorides, bromides, or iodides. (Often astatine is omitted from general discussions of the halogens because less is known about it than about the other elements.)
Some good articles on this process of Mercury and Halogen reactions:
https://pubs.acs.org/doi/abs/10.1021/jp020719o?journalCode=jpcafh
Here is a youtube video that shows a halogen and mercury oxidation reaction and the result precipitate formed that now can be collected and reduce a facility's mercury emissions
That is a real stretch ... As the dehydration process of CCTC's Pristine M would be a competing technology to the liquid injection process of M-Prove...
Just a coincidence that the two completely different process share an "M" in the name...
M-Prove is an injection based liquid and has nothing to do with CCTCs Pristine"M" dehydration technology...
Hydrogen is a byproduct or product if you are intending to get hydrogen of many chemical reactions. Every fossil fuel can readily be broken into hydrogen and carbon...
"Hydrogen is produced through coal gasification. Coincidence?"
No not a coincidence just basic first year organic chemistry at work
After clarification of the previous post ...
I can agree with what you are saying because in the last two years CCTCs management has moved to clean up the balance sheet and other such factors that have created pressure on the PPS...
However, until WNEC breaks ground on a plant in Wyoming I still see downward pressure on the PPS...At this point in the game something real has to happen for more than a few cent PPS increase that sticks...
Sure a nice fluffy PR can move it +30-40% or more and if you sell you can make some bucks or buy back in lower with more shares... but for a sustained positive upward move we need real news like a hefty DOE grant, ground breaking in Wyoming on a plant, or something similarly impactfull...
I am still accumulating sub .10 as the opportunity arises..
@ PaulFran:
You mentioned that years ago the stock was trading much higher (I believe you said $12) and that it hadn't generated any revenue then...
You questioned why it would trade at .09-.14 range now and not much higher and your answer to that was convertible notes pressuring the stock price...
And while agree that these notes do pressure the stock price as any type of dilution will... I also think you left out the impact of all the years of PRs that never came to fruition on the PPS and the other pump schemes previous management was caught engaging in.
As a chemical engineer with a petroleum focus I fully understand how this testing works and could fully comprehend the exact results of the testing if CCTC was to release those... However, I have never been able to find more than CCTC's PRs about successful testing and the results they claim to have gotten... never found what testing specifically was run or the actual results which is fair enough to some extent companies would keep that secret...
But now with a need for more/new testing I know it is one of two things:
1. People/investors question the integrity of the tests ran and want to see the results duplicated under their watch to make sure everything is on the up and up...
2. CCTC ran a broad array of tests but nothing specific enough for investors to definitively know the process works as stated...
I do not see customers/investors/whomevers requests for additional testing as a good thing... I see it as meaning the tests that CCTC ran were inadequate for a decision to be made ... I also see it as meaning any investments that might be made or plants that might be built are still contingent on the results of the testing that will start in August(meaning this technology isn't as proven as CCTC likes to insinuate it is ... adding much more risk to the equation)
Could be the testing goes well and Piper Jaff writes a check to WNEC and CCTC is off to the races... But it looks like if testing doesn't meet expectations this will all fall apart in Wyoming
I lowered my bid sub .09 now
Definitely no upside surprise in the 10q .... I saw the 8 million in shares issued for 1 million in salary accrued to the two employees of CCTC and thought to myself "That's a lot of compensation for a 6 month period"
I did get filled sub .10 today with a starter position and will look to add more as/if it drops to the lower .09's or .08 handles...
I think it could "pop" a good bit maybe 100-200% if WNEC actually starts construction this year...
Dropping sub .10 today I believe I will get filled a few shares
I don't disagree with that ... because while technically they are not paid a "salary" they are compensated very well for a company with no revenue. And while technically CCTC isn't a "coal company" in the very strict definition of coal companies being the ones who actually harvest the mineral they are most certainly a coal services company which could be broadly classified into a coal company. Although they are most accurately defined as a coal services company in my opinion.
So how do you explain all the form 4's that have been filed for these two over the years showing how many shares they have been awarded if that isn't compensation? Ok... So it may not be a paid bi-weekly or weekly salary but do not act like they haven't been compensated with millions upon millions of shares Dsaul...The "truth" you speak of is a 1/2 truth at best manipulated to try and prove your point...
I hope so...
It would give me a good spot to short from... I covered all my previous shorts at 1.22 for a nice big gain again...
Most likely ....
Question is gap up or down?
You could very well be right ...
Of course that depends on if the true end to Kalani equity raise deals is here...
If they are truly over then this stock will come closer to it's actual value for sure...
I think the best thing that could happen to this stock would be GE buying a large stake in it and showing investors that his financial interests are finally aligned with the common shares holders and then investors like myself would stop shorting this ATM machine
Yup sure did ... and it gave me a nice Bump to short from so that my day today would be nice and profitable ... And anyone who bought in @ higher prices is left holding a bag today ... Who knows how big and heavy that bag will be by Friday
Only down around 20% today ...
A good day for DRYS ...
Anyone who believes that DRYS won't offer more equity just needs to go back to in between the last equity raise and the current one to find literally hundreds of posts claiming the same things as now ... "DRYS wouldn't do another Kalani deal", "GE has said the Kalani deals are over as per Seeking Alpha article on such and such date", "SEC/Nasdaq will de-list/punish them if they do"...
Due your own DD folks and Seeking Alpha shouldn't really be considered a reliable source... As most of the contributors have their own agendas ...
I will cover any outstanding shorts prior to Earnings which should be positive...
Then I will look to start re-shorting around 10-12 days after the announced end to current Kalani deal...
Those facts are all positive yes I agree and they are a step in the right direction for sure...
However, FACT is they have no revenue, no revenue streams, and a commercially unproven product. And while I agree that their balance sheet will be better than in previous years/quarters it will still have a big fat ZERO in the revenue column until ground breaks with WNEC and a royalty is paid. So when certain people refer to an expected better balance sheet as being "smoke and mirrors" I completely understand their viewpoint...
And while I agree that there are positive tailwinds behind them from the Trump Admin the vast majority of the clean coal news I have seen is talking about carbon capture after burning the coal... Not pre-treating the coal prior to burning...
The window is quickly closing to begin construction on a plant anywhere in Wyoming in 2017...
I have not been able to find any announcements anywhere in Wyoming about applications for a plant(meaning building permits, zoning changes, rail access changes, or any offers/pending sales on sites that already have these built in... If someone can please post it
Crazy like a fox....
Funny thing is I have never lost money shorting this stock... I have lost money a couple times going long most recently last week... but this just need to drop to 1.20 and cover and the loss last week is gone
Probably not going to happen for you today...maybe after the next R/S
I do feel this is the best opportunity CCTC has had to make good on the years of trying...
I just don't feel like the 10Q will be that good... yet
I don't think the stock will move much or "pop" until CCTC has positive revenue or a positive revenue stream and I do not believe that has happened yet.
I do think the 10Q will be on-time... I just don't think it will have the news investors are looking for...
I don't think there will be revenue or any other news about the testing they may or may not have started yet, the move to Wyoming, about WNEC's ground breaking, or even a location for this ground breaking...
If some/all/any 1 of these things happen admit-ably I will have to buy shares at a higher price or wait for the price to fall...
I expect another moving of the goal posts myself