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Great pep talk. ‘Hope’fully something shakes so that those who have lost so much in this boondoggle can recoup something.
That’s the best case scenario for this imo because history has proven that this company can’t get it done. Not sure what more we would need for us to accept that this isn’t going nowhere?
Again, the time for this company to step up has come and gone. A reminder to think about the opportunity costs here. Makes no sense.
And, This company clearly has zero sense of urgency or regard for its shareholders. Just my two pennies.
It is very unlikely you’ll see those prices, actually. Based on what, besides hope?
This is overly optimistic, based on the track record of this company, but you’re right in attributing this “success” (read: the speed/efficiency of permit processing) to Wyoming and not CCTI.
Although I’d love to be wrong, this company likely will continue to struggle due to its management’s lack of business prowess. It will probably struggle to, first, get the test plant reassembled in a timely manner (hint: it probably won’t be done in a timely manner), and then it will take its sweet time “testing (multiple variants, over months’ time) foreign coal” and then getting the respective “results”. All prior to “commencing” its efforts toward “commercialization” of its tech. Sound familiar?
Only thing missing is another plan to uplist to NASDAQ or NYSE, right?
So what happens when they fail to “commercialize”? They can only kick the can down the road so many times (consistent with their past behavior) before investors decide it was a bad/risky play and subsequently cut their losses. It’s already a huge bet to take on a company with a track record like this one, and constant delays probably won’t bode well in the end.
At the company’s current trajectory, one should probably question whether it even has the resources to make it until August without filing for bankruptcy, imo. I guess the company screaming for a lifeline in previous filings wasn’t enough...Management isn’t even attempting to put as much lipstick on this pig as some investors are, imo.
“Good excuse”
“Must have”
“Let’s hope”
All appropriate qualifiers.
The company giving the green light on press releases pertaining to any stage of their involvement in the application process in the context of “progress” suggests it is moving -forward in that aspect. If the process is as convoluted as you’re saying, why would any sane person/company approve a press release suggesting that there is movement to that end, opposed to silently making its way through the application process and THEN approving a press release? Let’s not play dumb here. These clowns know what they’re doing.
Aha! There’s the answer. The difference is others accurately characterizing themselves as such and not pretending to be anything beyond that.
A single lawsuit would probably take these folks out (out because they are already “under”). One would think they’d either start delivering (at least marginally) or stop missing their own deadlines.
“Their business acumen is to be commended”...what business acumen are you speaking of? They haven’t done anything that an undergrad business student couldn’t do, imo.
Which companies wanted to buy out this one?
Get real. No one is going to license this tech. It becomes more irrelevant by the day. These folks were up against an extremely tight timeline that started when the current administration came on board. Even with the ball being in their court, they’ve still dragged their feet and yielded no results. Imo
Every single shareholder should demand this management team be immediately replaced. What little remains of the reputation of the company is at stake.
“The one thing this late stage startup company has that many other startup companies don't have is an experienced management team that has succeeded in other businesses.”
1) I think you meant *an unjustifiably overpaid management team, not experienced. Many have worked elsewhere and been successful prior to exploring paths similar to the one these gentlemen have taken. Many also know when they’re out of their league. Not these guys. Instead they apparently take handsome salaries while seemingly delivering no results.
2) My guess is that the website probably hasn’t been updated because there’s no new substantive information with which to update it.
3) Another Opinion: I’m sure many unsavory characters can also seem charismatic enough to make you believe/feel they have your best interests in mind. However, no body language, personality, and/or verbiage supersedes RESULTS in business. These very nice gentlemen have achieved little to nothing close to what they said they were on track for...over and over and over again, imo.
GL
A very positive spin on what lies in front of investors. This company has not done what it has said it would do by now. The company doesn’t seem to offer a lot by way of transparency, but one would thing the tidbits of info it puts out would be solid—not the case here. It’s fairly obvious that they aren’t as business savvy as you’d like them to be.
I think someone should flat out ask why shareholders shouldn’t think CCTC is conducting its business in a fraudulent manner, given the company’s apparent failure to produce any results despite its numerous indications that success was imminent. I’d be interested in their response to that. There’s also a very long list of questions one could ask regarding the other seemingly false info the company proliferated to include uplisting and contracts that were to be awarded pending “due diligence”. Towing the line of making fraudulent statements, imo.
Is anyone considering any kind of litigation based on these false claims yet? Seems it should be trending in that direction.
Litigation
100% agree. We don’t know the details of their day-to-day, but I’m confident that neither are deserving of their current salaries...particularly giving that they apparently can’t close a deal or secure otherwise substantive, actionable interest from any party that they’re courting or have courted. I assume incorporation in Las Vegas and no real apparent intent to uplist from the OTC are beneficial to the company in this regard.
Like last year...I’d be surprised if this company came out on top considering all of its missed targets recently. I’ve never seen any legitimate management team conduct business in such a fashion. For me, the red flags were ubiquitous which is why I went ahead and cut my losses. Thankfully, i have since made most of it back with better investment opportunities. Really hope there’s a rewarding element at the end of the tunnel. Good luck folks. :(
Work during the day. Saw you posted earlier, but didn’t see any responses to the bad news (likely continued denial that this is a bunch of nothing). Thanks and enjoy bud!
Hey folks. Check this one out. Suggests no DOE funding for this company, it seems to me. Better luck.
Dive Brief:
The U.S. Department of Energy has selected nine projects for funding and support as part of the Trump Administration's work to rebuild the ailing industry and find new and "cleaner" ways to utilize the fuel.
DOE last August announced $50 million in possible funding for pilot projects to develop "transformational coal technologies."
DOE said the projects selected for Phase I of the funding opportunity announcement (FOA) represent a range of technologies that demonstrated "technical success at the small-scale pilot stage," and will now focus on project schedules, costs and funding, an environmental assessment.
DOE has given some details on the selected pilots, which will ultimately be winnowed down to two projects to receive support for construction and operation of the large-scale pilot facilities. They include methods to capture carbon dioxide, burn coal cleaner or gasify it into a cleaner fuel.
President Trump is a strong supporter of the coal industry and "clean coal" in particular, though the concept has demonstrated only limited success at large scale — and the price tags associated with those projects have been very high. Southern Co.'s failed Kemper County coal-gasification project is the most well-known, and wound up being a $7.5 billion combined cycle natural gas plant.
But the FOA issued by the federal government focuses on much, much smaller projects in an attempt to nurture a new technology that could ultimately shift the tides of the coal industry. Gasification is in the mix, albeit in a small way.
The University of Alaska Fairbanks is working to make coal "relevant for small scale applications," DOE said. The university will receive almost $16,000 — the smallest grant, by far — to develop modular gasification technologies. The project is described as a modular air-blown fixed-bed gasifier with gas cleanup "to provide clean syngas to an existing diesel engine generator."
The largest project, run by the Southwest Research Institute in San Antonio, Texas, will receive just shy of $1 million from DOE. The institute is working on a large-scale coal-combustion pilot plant that "will demonstrate flameless pressurized oxy-combustion technology, which has the potential to reduce the levelized cost of electricity while capturing CO2 that is ready for compression to pipe-line pressure."
Projects selected to go on to Phase II will complete a front-end engineering design study as well as navigating the National Environmental Policy Act process. Phase III includes construction and operation.
There are other projects going on outside DOE's funding, of course. Clean Coal Technologies Inc. expects to begin operating a test plant in northeast Wyoming by summer 2018. The company says it has developed a process that converts "raw" coal into a cleaner burning fuel.
https://www.utilitydive.com/news/doe-taps-9-clean-coal-projects-for-funding-support/517200/
Regardless of it being a penny stock, the company is supposedly being managed and run as a business. Anyone running a business can tell how unsatisfactory this management has performed. Let’s not even get into all of the missed deadlines with zero explanation. Be mad, children, but that will not change reality. The market will whip the truth into your thought process eventually.
and it WONT. Times up. Had they been competent, they would’ve had a better chance at it. These clowns appear to be done. I’m in queue to exit this bowel movement of a investment. Never seen anything like it. Garbage.
That’s a given and I assumed it would be understood as so. Thank you. Hopefully these folks can clean it up and avoid any litigation in the future. It’s pretty messy at this point, though. Good luck.
Investments are better placed elsewhere. Somewhere where there’s a demonstrable trend toward success instead of hope of achieving it. The opportunity costs are too heavy to idle here. Much luck to those who have no choice but to stick around.
At some you have to call a spade a spade. Too many failures to justify holding long term. Especially considering the political landscape to which they pegged their potential success.
Same here.
You will probably be able to repost this same time next year unfortunately.
The press outlets that proliferated the November move bruised their credibility, if the move didn’t happen in November. Sucks for them, but answers the question of why the company doesn’t get the attention some think it deserves.
That’d be unusually smart of them to be in Asia at this point (although it’s unlikely). The rate at which their potential market is collapsing in the U.S. is alarming. It appears that their chance of commercializing and securing U.S. clients decreases by the day.
One could insinuate that the test plant was indeed moved to Wyoming by November if we’re hearing a timeframe (3-5 years for SA) in the context of the following:
“After CCTI establishes its test plant in Wyoming, Horner said he expects to have a good handle on how viable and marketable the technology can be for Wyoming coal.”
https://finance.yahoo.com/news/coal-test-plant-coming-wyoming-213420831.html
Personally, I think the way this company operates is embarrassing. The lack of communication with its current shareholders would/is probably deterring other potential investors. Not quite sure how longs have been able to tolerate such antics for so long without completely blowing the lid off of this (litigation). Very tolerant/forgiving/patient group. Admirable.
Many longs are sitting on major losses. I’m not confident those folks will be rewarded with anything except a smaller amount of losses than they have currently sitting in front of them (negligible). The management team lacks credibility based on its history, imo, and statements like that appear to be positive propaganda meant to keep hope alive...and perhaps to keep a handsome salary rolling in to managements bank accounts. Obv if they were able to pull it off (commercialization) it would be apparent by now. Actions speak louder...
Totally agree - it is a race, and this company doesn’t have a good track record regarding timing, so I suspect it won’t pull though in time to convince the market to really give the tech a chance. We could talk about policies all day long, but at the end of the day, the market will decide whether this company’s tech will have its day. Perhaps the company will show up ready to go before it’s too late. Arguably, it’s already too late. Clock’s ticking!
Wonder on. You know it isn’t. As long as you’ve been holding this stock, you should know better...
I wouldn’t be. The company’s management pretty much sucks at business development, if history is any indication. So yeah, if its hand isn’t being held, then penetrating a new market simply is not happening for this “Ace in the hole”. Anyone on this board would probably do a better job at selling the tech than they do. Amateur hour.
Dreams crushed. The importance of tapering expectations regarding this company and its decision-making cannot be understated. Sorry to the folks who really thought this would be an easy shoo in.
Also, if you look at the article I posted a day or so ago, you’ll see that the folks driving the issue in Wyo (UW) are leaning in one clear direction, which very likely will hold weight here. I’d urge folks to read all posts, not just those posts from who those who proliferate their opinions and speculation. Stay objective, stay objectively informed.
Exactly. This is where is comes down to the (2) people behind the steering wheel. Forget politics - run this company in a manner that transcends politics, as any other company with cutting edge tech/processes would do. Get it together...