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I agree MOOOse. The value of this company is based on actual commercialization and revenue generation. Historic graphs are pointless as they were based on speculation. As we creep towards commercialization i suspect the stock will move
Was there a fake plant visit? How do you know? Management or AES tell you? Please elaborate for the benefit of this board as i would like to know.
That is a really good question. I think that some have but really what this company needs is to get some institutional investors... the only way to get them in is
1) get our share price up as some funds are prohibited from trading stock below a certain price
2) if the above is achieved then the market cap goes up which again is a criteria used by funds for their investments
3) get more licensee fee revenue in the door. The less financing the company needs the less dilutive that financing will be
4) get the soft stamp of approval from the DOE
Again, these are just my thoughts but i do know that the bigger investors also look at toxic debt. As the only investor right now is Black Diamond that is a plus. I also think these funds look at contingent liabilities in the form of law suits. Again that has been addressed. They also look at items like management managing costs. The fact that they wrote back to P&L $529k in negotiated reductions from third parties indicate to me that they are running a relatively tight ship.
It is my hope that this company brings in the longer term shareholders but for now i would be content with even the penny stock flippers. More news and partnerships will help.
Just my thoughts...
One last thing... i invested in another penny stock several years ago and i recall management telling me that some of these penny stock analysts charge the company to write reports. I sincerely hope that this company doesnt do that as they do not need to.
Excellent Q.. key points that i see:
They challenged and reduced $529k on costs that they had booked
No convertible note conversion so little dilution
$100k deposit received on 2m ton license fee
Details of the relationship with uni of w
They are countersuing Soffin
Rock on. Am buying before close
The DOE will not make an announcement about the technology. They will inform the company of their findings and then the company will most likely use that validation with future clients and probably make the findings public. Just my guess....
Mr Eves left Enron in the 1980's. It collapsed in 2001. Are you seriously trying to imply that he was responsible?
And Mr Neary??? Are you suggesting he was responsible for the financial crash?
I think people would appreciate facts and not fiction.
Good question WC.... i asked management this months ago. The coal that was processed after the last testing was used as a feedstock by AES...so it was burned.
Re the testing they had to restart the plant to run mass and heat balance testing i.e. how efficiently the plant runs. The parameters of these tests were specifically laid out by the group that requested them (they did not say whether that was a client or DOE). They also identified improvements to the process that could get the 25% increase in btu up higher that they needed to make those changes and test them out. That also required restarting the plant.
I am pretty sure that these guys would have looked to avoid restarting the plant if at all possible because of time and costs but clearly they had to.
The way i look at it is as follows and everyone is entitled to their own view:
1) the coal landscape has changed here in the US and it is more pro-coal than in the last 8
2) this technology was designed and engineered by SAIC
3) it has been independently tested and proven
4) they have partnered after 8 months of due diligence with the University of Wyoming
5) they have moved to Kiewit who from my research appear to know coal
6) they have received revenue for the first time since 2012.
7) they have eliminated all legacy law suits
8) they have eleminated all convertible notes other than their main investor
9) their technology is under review by the DOE
10) most other technologies have failed if not multi billion dollar coal companies but some how these two guys got this company through a difficult time that most others with a hell of a lot more money, assets and manpower couldn't
(The points above are all factual). Where subjective opinion comes in is me saying i am confident these guys will surprise a lot of people both at the government level as well at the big business level. Sometimes the quality of a management team is not how they manage a bankruptcy but how they avoid it but of course that will never be known as it was avoided.
To avoid the obvious response of good management makes money and increases SP let me remind all this is a coal technology in the US where all coal businness were desimated in the last 4 years.
I agree. YoY comparisons are more favorable. The spike in Q1 this year is somewhat contributed to Cyclone Debbie preventing Australian exports out of Newcastle and the US stepping in. Easing restrictions here in the US does not and will not result in an immediate uptick in coal production overnight. It will take time but certainly steps in the right direction for capital investment including but not limited to technology investments. Mr Trump is working his way through Asia trying to secure additional trade agreements with countries like Japan. What does this mean for US coal? I have no idea other than it can only have potential upside. Agreements by Governor Mead and Taiwan, University of Wyoming and JCOAL also contribute to positive momentum. Nobody knows what will come from it for sure but even the hardened sceptics has to agree that it has potential upside.
It is now up to this company to leverage the momentum, secure third party validation and move to commercialization.
Mr Horners and his department at the University of Wyoming mandate is to increase the production and sale of Wyoming PRB coal. The change in administration is opening the export market up again for this coal. See ytd increase in exports.
There are items that Mr Eves and Mr Neary are legally required to report in a 10Q which is exactly what they do. There are items which they are legally not allowed to report because of NDA'S which they do not report. Then there are items that is a business call that is up to them to report e.g advanced negotiations with clients that have not yet gone to contract. To state that they lack transparency is in inaccurate. They report what they are legally required to do.
What deadlines have they missed? If you are referring to tge testing then how do you know they missed it? They never said tgey would be making the results public by a given date. The tests were done for the DOE UoW and clients. My guess is they are reviewing them with those said clients.
I agree BUCKM. Richard Horner from the UoW stated they get several proposals every month and after 8 months of due diligence chose to partner with this company. They have resources both human and technical that they will apply to this technology. They have funding that they could use for the benefit of CCTI. Most of all they have a mandate to increase the production and sale of Wyoming PRB.
Is it any surprise that recently the UoW hosted JCoal from Japan with the sole purpose of exporting their coal to them? Any surprise that Governor Mead recently signed a MOU with Taiwan to look into exporting PRB coal to them.
Maybe it is coincidental and not related but if it walks like a duck, looks like a duck and quacks like a ducks chances are that it is a duck.
I would like to see the 10Q filed this week in the hope of a little more color on timing
New eyes on this stock will certainly help and given it has hit the NYTines etc i hope that there will be new and fresh investors brought into this stock.
Goodluxk to all those who are long thisweek.
I agree JamesE. It will take a lot to convice the doubters. 4 of the most challenging years for US coal are over. New administration. New mandates given to the DOE. I have always maintained that this management team succeeded when most others failed. Tide has turned. I am confident that they will continue this trend. Look at the last 9 months. Eventually, in my opinion the SP will reflect the true value of this company...IN MY OPINION.
I think the Q will be as informative as they are allowed to do and say....
I would like to remind everyone what has happened in the last 9 months. Where this company is today v 9 months ago. They get a new client and the client makes a Press Release and according to Cartman that person was paid to do so.... please provide evidence.
SAIC (SCIENCE APPLICATIONS INTERNATIONAL CORPORATION) according to Cartman knows nothing about Science.
Cartman incorrectly accused me on this board of claiming this management team paid people to manipulate the stock price and that he had reported me to Corporate Security.... did they respond or should we put that with the rest of your unfounded accusations and statements on this board?
I understand this board is about sharing thoughts and views about this company. If someone posts something as a matter of fact then i think it within the terms to ask them to prove them.
What evidence do you have of that or indeed any of the other statements you have made without any support?
I guess you just want to ignore the successfull steps that this company has achieved in the last 9 months. Sometimes you need to build the infrastructure to achievelong term success. It is called building a company not a quick pump and dump
Who paid him to say that?
I agree Mooose...plus SAIC sold their construction division in April 2016. Kiewit appear to be a better fit. Plus Kiewit have a strong presence in Australia.
I am hoping for an update on the Kiewit Engineering (ENGINEERING) progress on the back of SAIC "Science Applications International Corporation" SCIENCE technology. I expect to see the deposit that has been paid and a little more color on the relationship with University of Wyoming.
As the company is in a very active period i am not sure how detailed they can be with other details but i am sure that Mr Eves and Mr Neary will be keen to get as much out there as they legally can....
SAIC Science Applications International Corporation"... still laughing. Thank you.
SAIC sold their construction division to a third party in April 2016. SAIC are science people... kiewit are coal people. They own a mine and manage a few in texas. Sounds to me like this move was a great move. Just my opinion.
I would assume that as this is a first of a kind facility they would need to complete the test facility build and actual testing before working on a commercial design. Then they would need an actual license agreement as the commercial design would depend on what coal they were processing. Just my thoughts...
Shareholder meeting is typically in Manhattan but last year was in Connecticut.
Note that university of Wyoming reveives 3-4 technology proposals per month and they chose CCTI technology...8 months of due diligence.
http://www.denverpost.com/2017/10/31/coal-test-plant-wyoming/
I think the markets are wakening up to this gem...
For those who may have missed it or chose to ignore it please see below link re short sales in this stock
http://otcshortreport.com/company/CCTC?index=CCTC&action=view
This shows that in excess of 50% of activity is short sales.....
Nobody is saying that this is illegal. It is not as per my previous my
post.
It gives people on this board more insight into what has been keeping this stock at a lower level. Of course everyone should do their own DD and assess what works for them based on the above link.
As of june 30th the convertible note holders were gone so i expect no dilution there. My prediction is less than 145m shares...
Also, i have been a strong believer that this stock has been manipulated for months... last night i met my broker for drinks. He told me that it is well known across brokering circles that brokers are lending this company stock to facilitate short selling.i asked him to send me evidence and he then sent me this link....
Remember, there is a difference between shorts and naked shorts (the latter is illegal in the US but does still exist because of loopholes). The net result is the same for the company... could we see a short squeeze? Oh gosh i hope so. Look closely at the actual short volume. I sobered up real quick when i saw it.
http://otcshortreport.com/company/CCTC?index=CCTC&action=view
These numbers explain to me why it took 2.5m shares traded to break $0.10. The good news is that he said on Friday some brokers stopped lending the stock as the upside price risk is too high.
I am not engaging in an argument with anyone. Merely relaying information as i get it.i expect some criticism but i always remember the words of Queen Gertrude, Hamlets mother..."the lady doth protest too much, methinks" sometimes those that protest yoo much show their hand...
If you want to avoid this happening check with your broker and tell them you do not allow your stock to be used for lending purposes to facilitate short selling.. I was shocked to hear mine was. That was corrected last night.
Anyway happy reading
For the benefit of ease i will look at IS coal as an example of what Pristine M technology can do. (I am using the below data based on EIA data and the company filings).
PRB coal is on average 8,800 btu and is $11.50 per ton.
Central Appalachian coal is on average 12,500 btu and is $55 per ton
Pristine M can increase btu of PRB coal to circ 12,000 btu.
Cost of 1m ton facility is approx $35m. Life time of 20 years. Depending on what rate of return the company applies to their capital investment and the depreciation lifetime a very conservative approach would be to apply $3 per ton for capital costs. If Opex is $3.50 per ton then in theory Pristine M cab incease the btu of PRB coal for less than $7 per ton. Therefore PRB coal us now 12,000 btu at an all in cost of less than $19 per ton. Compare that to Central Appalachian coal at $55 per ton....
So what else is built into coal pricing
Sulphur content.... PRB is 0.8% Central Appalachian is 3%.
Ash content. PRB ash is one of the lowest in the US.
Cost of mining. PRB coal is tge cheapest in the US as all surface mining (at least in Wyoming)
Transportation cost.... PRB processed coal using Pristine M produces a dust free product. This helps with environmental concerns of coal dust.
Obviously Kiewit need to nail down the commercial cost of a 1m ton facility.
Hope this helps...
They raised the Authorized share level to facilitate a strategic investment. Having the 500m there in the event of this company engaging with a key strategic is a smart move. So long as the issued remains below 150m i think this clever management.
Until this company is actively engaged in commercial transactions their expenses will be higher than revenue. The only way to fund that is through equity investments.
Key thing here is for management to continue to steamine costs and for license revenue to continue.
Good article on the company website re interview with Aiden by Wyoming Public Radio. 8 months it took of deliberation with the University to get to the MOU. i guess things take time as these reputable establishment do not throw their name behind any old technology.
Last 2 weeks saw almost 2.5m shares traded. It is my view that whoever was trying to keep the stock below .10 is licking their wounds tonight. Bring on next week.
For clarification and to avoid any blatant misquoting again of my posts. i think this management team have done a great job despite their market challenges against coal and have this technology on front of key people. I for one will continue to buy as this legitimate and warranted momentum continues.
Good weekend all. Alas, this is my 3rd and last post of the day.
I think without doubt the previous management did a lot of damage but i remind people that since Robin aand Aiden joined they actually built a plant, tested it and proved out the science. Let us also remember what has been accomplished in the last 9 months.
Legacy law suits gone
convertible note holders gone
partnership with UoW
DOE actively involved in technology review
license agreement for 2m ton per year
Kiewit involved
not bad for 9 months....
Most coal technologies backed by "big money" have failed... coal mines have failed....
Everyone entitled to their opinion but personally i find it impressive that these two guys not only kept this company alive during the last few years but have taken this company to a point where it could rally. Of course not everyone will see that but that's ok. Everyone should invest based on their personal viewpoint. Mine continues to be firmly in the camp of optimism.
Whitecoal: restricted stock is all stock issued by the company in exchange for cash investments or services provided. Normally they are given to convertible note holders who convert their debt into company shares. All stock issued by CCTI is restricted for 6 months. After the 6 months provided legal opinion is provided the holder can lift tye restriction. One of the biggest challenges CCTI had was the fact they had convertible notes on their balance sheet. They thankfully succeeded in removing all notes by June 30th. When convertible note holders convert their debt into equity they do so on a % of lowest price of the stock on a look back basis normally 10 days. It is the most toxic and share price crushing financial tool a company can use. When it comes to maturity of the note they are incentivized to try and drop the share price so thet can get more shares
They have been known to pay people to post inaccurate comments on boards to drop the price.
I think that the removal of all convertible notes was one of the most important things this company has done.
Ever think that maybe testing is completed for the DOE and they are doing additional tests for clients? Ever think that maybe they have the plant running for clients visiting? Ever think that the UoW want additional tests? Ever think that Kiewit are testing changes to the process as they prepare for commercial design? Ever think that they are actually testing different coals? Ever think that there are a 1000 reasons why or (if) they are still doing tests?
Above seems more plausible to me than claiming Aiden lied or missed deadlines..... cos i am sure he has better things to do than concern himself with postings like that.
Thank you WhiteCoal for your postings.... again. Incredibly relevant and useful. I appreciate your efforts to post actual data and not subjective views...
Personally i think this is excellent news. UoW is huge in coal. They have resources and connections to get this technology deployed. I think their domestic and international connections will be invaluable. But hey... what would i know v's the rest of the posters
I am pretty sure that UoW have done their due diligence. Reread the press release. They are quoted.
I agree. I feel that robin and aiden have been around the block enough times to know what they are doing. Governments are slow, clients can be slow, testing and getting results can be slow. Sounds to me that years and years of frustration is clouding the success this company has made in the last 6 months.
I completely agree with your last comment... if people are not happy with management thrn they absolutely should bail. I would not buy an interest in anything if i did not trust management.
I have spent most of my postings correcting inaccurate and outright false comments about CCTTI management because i believe in what they are doing. I put my money where my mouth is and have bought more shares at these levels.
Two weeks out from what? Was there a deadline for making the results public that i missed? Or are they going through the results with the relevant interested groups that asked for the tests?
My guess is that they are focussed on securing commercial license agreements and moving forward.
I for one hope only for a tangible update. I am confident that everything they appear to be doing is moving this company forward in a positive way. Press releases for the sake of press releases are in my opinion a waste of time.
Maybe it will. I doubt it and never said it ever but sure.
Vvictor 13.... i agree completely. I have been involved for only 3 years but i have read a lot about former mgt and frankly it is repulsive. I harp on a lot about the legacy law suits being removed because it is important. They fact that there is nobody involved from previous mgt is also key...
I have a feeling that a lot of the NDA'S and MOU's started with the best intent but robin and aiden must have had issues with some aspect of the deal for them to pull out.
I do not know where the SP will go to but i think it reasonably safe to say that the current price does not accurately reflect the true value of this company...in my humble opinion.
Let us try to recap on what has actually been accomplished in the last 6 months without emotion and purely on facts
1) they have presented their technology to Sec Perry
2) they have the DOE performing a technical review
3) they have restarted the plant to run additional tests for the DOE and clients
4) they have agreed a 2m ton license agreement and received a deposit on the license fee (first time in almost 5 years)
5) they have partnered with University of Wyoming
6) they are applying for a grant with the UoW
7) they have removed all toxic convertible debt
8) they have secured full patents in US Eurasia and South America
9) they have got rid of all legacy lawsuits most notably Soffin
10) they have engaged Kiewit for the commercial design
11) they continue to host international clients at the plant as they await the final results
Just my opinion but that is not bad in 6 months for just 2 guys. I believe the SP will catch up with reality and it will not be because of buyers on this board. I, for one continue to be very positive on this company. I do not know too many other pink sheet companies that have had a 6 month period like this... thoughts anyone?
You can pay for the online subscription to access this weeks issue or apparently a link will be posted on their site in a day or so. I read the article. Quotes from Mr Eves and Mr Neary and also from University of Wyoming. I am not asking you to believe me Cartman as i do not care but the article is there and just because you cannot find it means nothing.
Happy reading all. I hope you find it as positive as i did.
A friend of mine sent me the pdf of it. Appears to have a sign in requirement. I am sure Aiden or Robin will get it on their website if they are allowed do so... basically they have partnered up with University of Wyoming and are jointly applying for a grant.
The Energy department of University of Wyoming is tasked to increase production and sale of PRB coal... they have hosted the Japanese and more recently in conjunction with Gov Mead has visited Taiwan. They have a terrific research division. From my perspective it provides me with a degree of additional comfort and validation as Universities tend not to align themselves with just any technology. Richard Horner (quoted in the article (director of the energy division at UoW) has an incredible resume in the commercial world prior to joining the University. Maybe these validations will provide benefits to this company.
David Hawkings from the natural resource defense council quoted in the article that he believes that this technology will increase the use of global coal....
Btw... i am not being rude not responding to private emails. I do not have access.