Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It only gets us to .44 if .0044 remains constant. That seems very unlikely to me.
But even at .44, there’s not a lot of cushion to increase the AS from there to have shares to sell for operating capital and the all important debt servicing.
One would definitely think!
I think they don’t want us to know the details because the details are not going to favor honest retail shareholders.
“5. Amendment to the company’s articles of incorporation to effect a reverse stock split of our common stock at a specific ratio within a range of from 1 for 25 to 1 for 100 and to grant authorization to the board of directors to determine, at its discretion, the timing and the specific ratio of the reverse split …”
https://www.sec.gov/Archives/edgar/data/1445109/000118518521001702/cleancoal20211117_def14a.htm
Because that’s what they gave as the upper end of the RS option they asked us to vote on.
Think about the math on the split. The most they can do is 100-1. That means the new share price will still be well below a buck, assuming all other factors remain the same.
Not much room to dilute there to finance operations. Any thoughts on what’s up?
Closing PPS in the .002s this week??
And in many other cases, too. But not in all. Hence the verbiage “not always”.
Yep. Longs are not always rewarded. Neither is patience.
The biggest disaster, or the biggest con?
Yeah, good one. I would hope by now that shareholders are sufficiently wised up to see beyond what I used to charitably refer to as “wishful thinking”.
The writing on the wall couldn’t be more obvious. Folks should believe dsaul-level nonsense at their own financial peril.
Yes, of course. The famous shaking out of alleged weak hands. The only people selling are the stupid ones. Never, ever heard that one before.
Right. Because only people who sell, lose their money. Whatever helps you sleep.
If there was a market for rotary-spun coal, you can bet the plant would already be assembled.
JamesE, of course, making claims -- without proof again -- that Tacho M. Sandoval posts here, and that no one should be allowed to discuss his past history. He went on to indirectly defend Sandoval's chief cheerleader, a former poster here who spread some serious BS, including painting Sandoval as a retail investor who believed in the company and its technology.
Back on topic, here's a reminder about our "significant stockholder" and alleged "brilliant investor" Tacho M. Sandoval.
The linked case summary details his involvement in an illegal trading scheme that padded his personal account and resulted in a large fine and a lengthy probationary period for his multiple violations of federal trading regs, including "fictitious sales" and "noncompetitive trading" on 78 transactions.
For all the times over the years the obvious explanation has been wrongly dismissed, you’d think people would learn.
Pie-in-the-sky fantasy. It is way more likely hey dumped, just like they did last time. And just like last time, they aren’t being honest about it.
Does anyone still believe that those Form 144s filed by management didn’t represent actual sales of shares?
Similarly, it would be easy to promote the idea that Wyoming, in general, is a happening place for carbon tech, while simultaneously hinting at non-descript breakthroughs coming for the company.
Already having higher-profile neighbors at Ft. Union adds a cherry to the sundae that will keep noteholders flush with cash after the split/dilution and a new round of fleece-ready rubes moves in.
From a PR standpoint, that is something that would be very easy for the new “company” to hype while continuing to show no results or even effort.
It’s sort of what already goes on here, with WIC and ITC updates posted and pumped that have no direct relation to CCTI.
I agree. If they did that, it would be a public relations win. But they’ve already made it clear they’re unwilling to incur extra expense.
And not insignificantly, CCTI has made it clear the tech is not ready for market anyway. That’s where the name change, focus shift, and new business plan, or shareholder con — depending on how you see it — will come into play.
To elaborate on that further, considering the slimy individuals involved over the years and the ultra-slimy way things have turned, it’s hard to imagine a scenario where the “new” company will be in any business other than lining their own pockets.
If there’s evidence to suggest otherwise, I sure haven’t seen it. One thing is for sure, anyone who continues to believe the stream of sewage spewing from management and dishonest insiders does so at their own financial peril.
"Smarter than a fifth-grader"
Not too shabby for someone who's been in 4th grade since 1997!
Speaking of apples to toasters, did you hear the one about the guy who tried to equate regular “personal emails” with alleged emails from management quoted on this board?
Fact: In the 12 years I’ve been following this pig, there have always been cheerleaders claiming special knowledge of great things to come. To date, not one of them has been right.
Apples to toasters. Or more accurately, apples to rusty, broken-down toasters.
But definitely an entertaining attempt.
Have you ever pretended that Tacho M. Sandoval is the “company savior” who deserves the gratitude of shareholders?
"Only shady businesses change their names."
In this case, it definitely smacks of putting lipstick on a pig.
“Aiden fuvked up - he could not find anyone to give him the millions he needs …”
This just confirms that no one is interested. It’s not a symptom of something else.
“Things are not always as they seem.”
Perhaps. But most times, like now, things are more likely exactly as they seem.
Yep. Totally laughable.
"the needs of a specific investor"
Exactly, although it is laughable to call that person an "investor" in the traditional sense. The leeches will always need their periodic pound of flesh.
"Very" possible? Hardly. It's among the least likely possibilities, given all available evidence.
What part of "Management may pursue either debt or equity financing or a combination of both, in order to raise sufficient capital to meet Clean Coal’s financial requirements over the next twelve months and to fund its business plan" is so difficult to understand. Jeez.
"...funding opportunities"
Right. Because all that time they were on the "higher" exchange they did so much to keep the PPS up.
Right. Because all that time they were on the "higher" exchange, they had so many funding opportunities come their way.
Total nonsense. Do your own DD, folks. And don't ignore that two plus two will always equal four.
I will grant that it is in the subset of possibilities. I don’t believe it is among the realistic possibilities, though, given everything we already know.
For example, would noteholders agree to terms into 2023 with a no-revenue, no-test-plant, no-clue operation without a guarantee of return? No Ivy League MBA needed to answer that question!
Wise move.
You should just email dsaul directly if you don’t care about an honest, unemotional answer.
For what it’s worth, they’ll add the AS increases afterward. There’s almost certainly no other reason to reverse split than to increase the AS to finance future operations (if there ever are any) and, more significantly, to further enrich noteholders when paying the vig on the mountain of debt their years of futility have racked up.
It’s right there in the 10k, just like it’s been every quarter for years and years. But maybe it’ll be different this time, right? LMAO
I suggest those without doubts do some better digging.