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There is hope... dust-free Pristine-M. Drying coal makes it friable and dusty, and prone to spontaneous combustion. It sounds like Duck found that out the hard way. Not only will this patented process dry the coal, it coats the coal with a glaze to prevent reabsorption of water and prevent dust with no spontaneous combustion. That is a BIG deal, especially with coal transported via ship.
Have you ever seen the coal dust in a fish tank demonstration?
Pull a string to release a teaspoon of coal dust over a lit candle, and BOOM!
It will definitely clear a room of hostiles. Needless to say, do not try this at home!
Early adopters of Pristine-M technology could use it to upgrade worthless mine tailings to maximize profits. I believe that's what Wyoming New Power had in mind, with plans to export the upgraded coal. Now with enhancements to the process using the new kiln, they might be able to extract valuable REMs as well... something the DOE and DOD are very interested in. So, I wouldn't put the nail in the coffin for PRB coal just yet.
Could be! We hit nearly 30¢ two years ago based on some paid PR and a typo... What's going to happen when CCTC get widespread coverage due to DOE's NETL and UW's SER working with them to extract rare-earth elements from their state-of-the-art dust-free coal beneficiation technology? At the very least, it could earn CCTC some Street cred and open up some serious funding.
Agreed. Everyone gets their 15 minutes of fame... CCTC has about 90 seconds left to dazzle us.
Yes, there is no doubt... and I mean ZERO doubt... that work at ACPIC will shine a spotlight on CCTI and their test plant. How big that spotlight is remains to be seen, but the future is looking much brighter for CCTC.
Thanks for the update WC.
"The Advanced Carbon Products Innovation Center already has its first tenant ready to move in as soon as it is built. That client is developing rare earth minerals, including research in coal ash."
That first tenant could be the University, but that was already a given since they are a partner in ACPIC and their research goals are much broader than rare-earths. It's more likely he's referring to NETL.
I don't think he meant CCTI. They already leased property from ATLAS and don't need their own lab space. For the shareholders meeting, I had a long list of questions for Aiden including several about their connection with ACPIC. In his response, I got the impression that they wouldn't be leasing space there. However, he confirmed they "have been working with the team there across a number of topics. That relationship might be made more formal in the future..."
To remain compliant with QTCQB, "a company must submit updated Public Float information through QTCIQ in the event there is a material change in its Plublic Float." I'm not sure how long they have to report changes, but I'm guessing 30 days. Float was last updated 5/13/20, so we must assume it is accurate.
https://www.otcmarkets.com/stock/CCTC/security
No, they are different. Outstanding Shares are the number of Authorized Shares that have been issued, while Floating Shares refer to the number of publically traded shares. Just because new shares are issued and the OS goes up, it does not mean they are being traded on the open market. Large numbers of closely held shares by insiders and investment partners such as Black Diamond can indicate greater confidence in the company.
BTW, I believe Black Diamond Financial Group is a controlling member of Wyoming New Power which previously announced plans to license a 2-MTPA Pristine-M plant... that is, assuming tests are successful. If they held any of those converted notes, you can bet they didn't add them to the float.
Yes, not all talk anymore. CCTC has something concrete to show besides a 2-year-old slab.
Now they need to finish assembly of their 2nd-gen Pristine-M plant and upgrade some coal!
There are customers waiting... and a whale nibbling at the bait!
Coal India @CoalIndiaHQ Chair & Mng Dir Shri Anil Kumar Jha, at 7th Annual Coal India conference today flanked by @CCTCInc COO/CFO, Aiden Neary (left) and @EnergyUW Dr. Richard Horner (rt.) presenting US clean coal tech to senior coal industry and government officials, and dais.. pic.twitter.com/ljEss51KhY
— Clean Coal Tech, Inc (@CCTCInc) September 5, 2018
Following Coal India Summit in New Delhi Dr. Horner of @EnergyUW Energy Resources and Aiden Neary COO/CFO of @CCTCInc visited India's Mining Ministry to discuss US clean coal technology and the need to enhance regional coal for more efficient, cleaner use in energy production. pic.twitter.com/WYlLbJlNSa
— Clean Coal Tech, Inc (@CCTCInc) September 6, 2018
Yes, there are more notes to convert. I'm not sure if all of those due in August have been dumped, and we can look forward to one more round in October.
Then it is clear sailing... until we hit an iceberg.
An epic run has been a looong time coming.
I'm stocked up, and I know many others are as well.
The long term outlook for CCTC is measured in dollars, not cents.
So, it would truly have to be an epic run before I would consider selling a single share.
I'm not sure where the 10x figure came from, unless the kiln enables greater capacity than the prior design... which it well could.
The old test plant was at 1/15 scale of a single commercial module, and six modules would be required to process one million tons of coal per year. I agree though that upscaling the design seems trivial. For the kiln, just double the diameter and quadruple the length. There would certainly be some adjustments to the process that would need to be done, but it all seems simple enough.
No, that was Aiden. He said their commercial rollout would occur "on our time table" and "in parallel" to University testing.
Seriously though, BIG things are on the horizon... Don't lose hope now.
CCTC is at the center of the storm...
CCTC's Pristine-M test facility will be sandwiched between ATLAS Carbon and ACPIC. The University will have a lab there and the SER will be using our test plant and kiln to produce byproducts for their research. What more, the Department of Energy's National Energy Technology Laboratory (NETL) is setting up shop at ACPIC to "build a pilot-scale production facility" to extract REE from coal ash.
Researchers at the National Energy Technology Laboratory have developed technologies and methods to extract rare earth elements from coal ash and will build a pilot-scale production facility at the Advanced Carbon Products Innovation Center, which is under development in Campbell County."
The project will create a pilot-scale production facility at the Advanced Carbon Products Innovation Center now under development near Gillette, to demonstrate economically viable production of rare earth elements from coal-related feedstocks. ...
The potential to recover rare earth elements from coal is significant for Wyoming. The state is the nation’s No. 1 coal producer. Studies have shown that Powder River Basin coal ash has a high extractable rare earth element content compared to other coal ash.
Yes, that's great news, isn't it? Let's shout it from the rooftops!
Rebuild will be completed by EOY with coal testing to follow.
Commercial unit design will begin Q2 2021 for our first paying customer!
Yep. ACPIC delays could be moving our goalposts since we seem to have a symbiotic relationship.
Last I heard, ACPIC was due to be completed by spring 2021, but believe it or not, they are still working on permits.
They are currently taking bids for a consultant to help them obtain an Air Quality Permit for ACPIC.
http://www.wyomingbids.com/bid_opportunities/2020/07/21/10423321-environmental-services-for-air-quality-permitting-advanced-carbon-products-innovation-center.html
I find it strange that there hasn't been an official PR announcing delivery of the kiln and reassembly plans.
That would give us some upward momentum. The last press release was nearly 4 months ago.
They might be waiting for the right opening for a one-two punch... I just hope they're the ones giving it.
No, I see the glass as nearly empty... and there's a faucet just out of reach.
A state grant provided through the university is what paid for our beautiful new kiln. CEO Eves said last year,
"The State of Wyoming has come in and are offering us a long term commercial loan of many millions of dollars."
However, there's always red tape and flaming hoops to jump through first, which likely includes demonstrating the test plant.
No, it is NOT a scam!
Besides the fact that this patented technology has been independently verified, management has been working for years for nothing but IOUs and virtually worthless stock. Aiden's bonus this year was $20k in company stock... Yep, their scam is paying off big time!
Let's hope and pray CCTI has the funding to complete assembly and initial testing this year.
Once we're over that hurdle, we can rest easy and coast on a shoestring budget until clients sign. That's because once the plant is operational, coal will be tested at the client’s expense; that is, they’ll be paying CCTI to test their coal. That makes sense when you consider testing 500-tons of coal will take weeks. Then once ACPIC is completed in early 2021, the University will be working to monetize Pristine byproducts for FREE since it's in line with their products-from-coal research.
However, if we don't see some on-site action within the next few weeks, it's safe to assume CCTC hasn't been able to secure funding to complete assembly... and a small increase in AS may be necessary. That's because we're already approaching max dilution if all convertible notes were converted today, at these prices.
If that's really what's holding things up, I'd argue for shareholders to vote to increase AS now, and not wait until next April's shareholder meeting. We've already wasted too much time. We're so close to commercialization that we can see the dancing girls at the finish line; let's not stall out now!
The good news is it shouldn’t take much to complete the test plant, assuming no additional parts are necessary. If we assume 2 months with a 6 person crew earning $100k/yr, that only $100k in labor. Even if we double that and add $300k for parts, expenses, and final testing, that’s still only $500k, or ~50Msh at current prices.
EoA, thank you very much for the pic. Please keep us informed if you see any progress or activity at the site.
Many of us are afraid the kiln will sit there collecting bird droppings until our shareholder Christmas party... when we fire it up to roast some chestnuts.
Only paying members can PM. Try this...
Upload your picture(s) here and share the link. No account required.
https://imge.to/
Welcome aboard, ErrosionofAccord. Pics or not, we'd all be happy if you could keep us informed of any visible progress being made.
It could be! On slide 18, SER lists "three (3rd Party) technologies being demonstrated on PRB coal."
Note that CCTI is listed first, and they are not in alphabetical order. As you point out, CCTI is also the only one without a DOE award.
In May, Aiden confirmed that he expects DOE officials to visit the plant once completed... Hmmm, I wonder why?
Thanks BBB.
Yeah, I wonder how many of these penny shares he's added to his piggy bank?
Maybe we'll find out someday. Just don't be surprised if he overpaid for them... Decimal points are tricky things.
I wouldn’t call your comment “nonsense,” but it’s basically the same argument Two Rivers was using to cut ties with Tacho while trying to cheat him.
That argument failed... Case DISMISSED.
CCTC 10% Insider Stock Typo - fixed.
Nice find, but that court document really has nothing to do with CCTC other than a veiled reference to typos in Sandoval's 2018 SEC Form 4 "which some claimed was market manipulation."
It appears Two Rivers Entities, LLC was trying to use a violation of their rules to boot Sandoval and cheat him out of potentially millions "to satisfy its debt."
www.courts.state.ny.us/Reporter/pdfs/2020/2020_32252.pdf
I'll summarize for those that don't read legalize...
Tacho provided Two Rivers (a privately held LLC) with millions of dollars in financing. As a Class A non-managing member, he was prohibited from owning more than 2% of any publically traded company that "engages in Trading Instruments or in any manner competes with the business of the Company." Two Rivers sued Tacho claiming he violated their agreement when he filed that 2018 SEC Form 4 that established him as 10% owner of CCTC and "allegedly violated securities laws by inaccurately and untimely disclosing his acquisition." (the typo?)
Court found that,
There is no reading of the Operating Agreement that would permit a for-cause termination simply based on reputational issues deriving from Sandoval's alleged misconduct that did not involve or directly harm the Company.
...
Plaintiff cites no authority for use of the faithless-servant doctrine to preclude recovery of loans. The doctrine is about equitable forfeiture of compensation for the services of a disloyal fiduciary. The obligation to repay a loan is purely a matter of contract that does not arise from a fiduciary relationship. The faithless-servant doctrine cannot be raised to recoup money that the Company repaid someone to satisfy its debt.
...
Yep, that's about the size of it.
I believe the pain we have endured thanks to this rotary kiln could pay off big time.
Besides lowering costs of a Pristine-M commercial module while increasing its efficiency, the kiln’s higher temperatures will allow from maximum extraction of byproducts, including rare-earths, which is an essential element of future-gen Pristine-SA technology. It also opens up funding opportunities for the University's research into products from coal and rare-earths. From what I understand, any patents resulting from this research that utilizes our test plant will belong to the UW, but CCTI will be granted an exclusive license which could open up new revenue streams. $$$
Pristine-SA strips all byproducts from coal leaving a "clean" carbon and hydrogen product that can be combined with torrefied biomass for the lowest possible CO2 emissions, co-fired with natural gas, or used as an ultra-clean coal for a wide variety of applications. This is the future; the "Holy Grail" of clean coal. If the kiln helps us get there, then all of the delays and financial pain it has caused will have been worth it.
Without a R/S, $9 is not only possible, I'd argue likely...
In early 2008, CCTC peaked with a split-adjusted PPS of $15.
CCTC's Market Cap = $15 PPS * 408mm O/S (post-split) = $6.1B !!!
Today, that equates to a PPS of: $6.1B / $255.4mm O/S = $23.88 !!!
Remember, that was with ZERO revenue. The early days were insane. These numbers were fueled by hype, MOUs, and rumors of impending deals. Soon, it became clear that this technology was half-baked and needed another decade in the oven. Now, we have an improved "dust-free" Pristine-M that has been patented in dozens of countries. Once this tech is proven to clients and investors outside a university lab, MOUs are announced, and the first deal is signed... it will reawaken the rumor mill and the sky is the limit! Looking at the numbers above, you can see why dilution is not a major concern... Divide by 10, and many of us will still walk away millionaires!
BTW, this tech was already proven at the test plant in OK. But, like claims of running a 3 minute mile, it means nothing without witnesses. At the previous site, AES Shady Point coal plant, clients and DOE officials were not allowed onto AES property to witness the process. That's why testing at this new pilot plant in Gillette is critical to our future. $$$
Yeah, we shouldn't fear a RS, just the increase in authorized shares that often accompanies it.
CCTC's last reverse split, 1-for-35 in 2014, had a 60% increase in AS hidden in the fine print.
CCTC under a nickel is NOT a gamble, IMHO.
The tech works, plain and simple. The only gamble is how much of our profit gets diluted away by the time we see revenue.
I'm looking at $5 too... OK, time to put it back in my pocket.
I wouldn't be too sure about that... Last time I checked, CCTC was the only for-profit company that WY Gov Mark Gordon follows on Twitter (other than news media).
https://twitter.com/governorgordon?lang=en
VLV, have you had any luck contacting Aiden?
Did he shed any light on that convertible debt?
You might want to ask why they never took Wyoming up on that offer for a long-term commercial loan for "Many Millions of Dollars" that CEO Eves crowed about at last year's LD Micro Invitational Investor Conference in LA.
Just a wild guess... they have to prove themselves by jumping through flaming hoops first (process coal through the kiln).
I expect we'll be up on Monday. Most of us don't keep cash sitting on the sidelines waiting for good news that may never come. So, it may take a few days to shuffle funds.
BTW, 86mm shares traded in the last 30 calendar days, which accounts for 36% of our current OS shares (238mm). One would assume at least one of those investors crossed the 5% threshold, so where's the SEC filing?