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CCTC & WNP are lurking in the shadows... ready to pounce!
Wyoming New Power, our sister company, recently filed to create 500,000,000 shares.
Why would a private company create 500M shares unless they're planning on going public?
WNP plans to license CCTC's technology to build the first commercial Pristine-M coal processing plant; likely the first of many throughout the region.
Under the HISTORY tab, select the PDF: Common Amendment - 2022-003673509
No, that's not what I'm saying... APE should be in higher demand.
1) No synthetics exist (yet), so at some point, brokers will be forced to buy bananas on the open market to throw to mobs of angry apes.
2) Those short on AMC prior to today will have to buy both AMC and APE to return to lenders to close out of their positions.
3) APE created much buzz, and it should've traded similarly to an IPO. It opened at $6.95 vs $11.33 for AMC... what a bargain!
4) APE has T+0 settlement; Transactions in cash only; no margin; no option chain; no naked shorts!
5) APE ~ AMC, but many believe AMC's float has been sold many times over, while APE is limited to 516.8M shares... but somehow the rarer APE open significantly lower and plunged 14% versus 8% for AMC. That makes no sense to me.
6) Institutions and other long-term investors not in AMC for the squeeze would be crazy not to buy APE at a huge discount. APEs are just one vote away from becoming AMC.
For the record, I'm not suggesting anyone sell their AMC and buy APE at a discount. While APE should follow AMC in a squeeze, AMC should peak much higher considering the countless synthetics that will need to be accounted for... not to mention that AA would probably release those 483M APEs in his back pocket during the run up.
121M APEs traded today with no derivatives??
Think about it... 1/4 of all APE shares were traded today despite the fact many of us never received our shares! I received mine on Schwab, but not on Merrill Edge.
That makes no sense considering APE currently has no derivatives, no option chain, no new shorting... only inherited shorts from AMC due to the dividend split. That is to say, anyone short on AMC before today now owes both AMC + APE back to the lender... meaning that APE has the potential to squeeze along with AMC when the margin calls come. Then consider that APE shares have equal voting power to AMC and are 1:1 convertible to AMC pending a future vote. So, basically the two stocks are interchangeable, but at current prices, why would anyone buy AMC when you can buy APE at a 43% discount? That should create obscene buying pressure for APE.
So, how in the hell did APE's price drop nearly 14%? Something stinks to high heaven here. My best guess is that market makers and unscrupulous brokers (Merrill, I'm looking at you!) have been ping-ponging our APE shares between themselves in order to drop the price as far as possible before delivering APEs to their customers. We should be pissed!!
(Just my opinion; Not financial advice.)
Yep, I agree... even $5 could bring in some big buyers.
However, it could happen quickly if stop losses are triggered one after another... and some might be by institutional owners that don't follow each stock that closely.
Schwab delivered mine, Merrill did not.
Time will tell.
Yes, and consider that our brokers know where the stop-losses are set.
Does anyone believe they don't pass along that information?
We should assume that Kenny knows how low they need to drop AMC before triggering cascading stop-losses.
Monday morning: AMC & APE at $9.01 each.
At least, that is what many expect.
However, their respective prices could quickly diverge.
AMC will continue to be heavily shorted; stop-losses could be triggered Monday when its PPS is cut in half; and everyone's attention will be focused on a shiny new APE. I suspect more than a few AMC shareholders will sell on the way down in order to buy more APE on the way up.
APE, at least for now, has no options, no shorts, and no naked shares. Its price should be determined solely by market demand without the heavy manipulation we see with AMC. APE is not technically an IPO, but it could trade similarly and be in high demand. While 516.8M APE shares are being issued, not all of them will be tradeable on Monday as some brokers won't deliver them until later in the week. In fact, brokers might be forced to buy APE on the open market to deliver to angry AMC shareholders missing their dividend.
It honestly wouldn't surprise me to see AMC below $5 and APE at $30 or more on Monday. However, as I said in a previous post, don't be too upset if AMC nosedives on Monday... It could be the dip before the rip if shorts begin covering.
(Not financial advice.)
** IMPORTANT ** Consider removing AMC STOP orders before MONDAY the 22nd.
It is expected that AMC's price will be cut in half as APEs are issued.
AMC & APE will likely open at $9.01 each, which could trigger stop losses for AMC allowing shorts to cover.
I suspect that's why AMC was so heavily manipulated the past few days. That is, they drive the price down so it opens Monday below $10 which could trigger huge numbers of stop loss orders driving the price down even further. The shorts would likely begin covering when they believe AMC has bottomed out. Obviously, that could still trigger the MOASS... but it might be reduced by a factor of ten (i.e. squeeze begins at $2.50 vs $25).
It might be wise to remove or adjust any stop-loss orders this weekend.
Don't freak out if AMC drops precipitously from $9 on Monday... it could truly be the dip before the rip!
(not financial advice)
No, I'm sure he was being completely honest when he said that...
I just wish I knew what stock he was referring to.
I find it interesting the Wyoming New Power recently filed to create 500,000,000 shares.
It's certainly a coincidence that CCTC has the same number of authorized shares. Could some kind of stock swap or merger be in the works? Remember that WNP is a "related party" because its owners, Patrick Imeson for one, largely own CCTC as well.
AFAIK, WNP was created with the purpose of licensing Pristine technology to build the first 2-MTPA coal processing plant. As per their latest 10-Q, WNP continues paying CCTC's bills knowing they'll never get it back until CCTI commercializes their technology. The point is, think of Wyoming New Power as a sister company... CCTI owns the tech and WNP commercializes it. Any moves WNP makes will affect us. Perhaps WNP plans to go public to raise funds?
BTW, last December shareholders voted to approve an "amendment to the company’s articles of incorporation to change the name of the company and to grant authorization to the board of directors to determine, at its discretion, the new name of the company and the timing of the name change."
Wyoming New Coal?
Horner, UW SER, ATLAS, but no CCTC?
I suspect we might have a part to play, but the timing isn't right for an announcement.
While I don't agree with Lou about the negative impact APE will have, he is right that the squeeze could happen this coming week. Many short sellers may close out of their positions by the end of the week to avoid a nightmare scenario.
Something interesting to ponder...
Let's say that lending institution LI, owns 1 share of AMC. LI loans that share to a borrower Smith; Whether or not that share is ever short-sold is immaterial. Along comes Jones who wants to borrow AMC, but none are available... However, since LI is expecting the return to one share from Smith in a couple of days, they go ahead and issue Jones a phantom share. The next day, AMC issues APE to owners of legal AMC shares... Smith receives one; Jones does not. Both Smith & Jones owe AMC + the APE dividend back to LI. Jones can either buy APE on the open market, or pay ongoing, and possibly ever increasing, borrow fees while he prays for APE to crater before being margin called.
Now consider that LI never owned real AMC shares in the first place... They had unknowingly bought and loaned synthetics. Neither Smith nor Jones received an APE share but both owe one back to LI. Not a position you want to be in if you are a short-seller. It's actually a lot more complicated than this, with synthetics created through derivatives, but the point is Adam threw a curved banana at Ken and gave him a migraine.
Yes, I should've said owners of legal AMC shares rather than legal owners.
Nevertheless, owners of synthetic AMC shares would still be due the $27 hypothetical dividend... but the brokers would have to cough that up!
(... or in the case of shorts, the sellers would owe that dividend back to the lending institutions.)
Here's a hypothetical for you...
Let's say AMC is trading at $40 next Friday.
Both AMC & APE open at $20 on the 22nd, but due to high demand, APE ends the week at $100.
With the focus being on APE, AMC trades sideways.
Shareholders who saw AMC cut in half and never received their $100 APEs have blood in their eyes.
Brokers, drowning and desperate, turn to AA for a lifeline. AA agrees to directly sell them his remaining 483M APE shares at the heavily discounted price of $50 per share... or $24B. AA pays off all $5B in company debt, keeps $5B for mergers and acquisitions, and announces a one-time cash dividend of $27 to all 516.8M legal owners of AMC.
With their debt paid, billions in cash reserves, and a huge dividend... what happens to AMC stock?
One hint; starts with an M____!
Keep using your lucky brush... We need a few more 100% days!
Why buy AMC before the dividend?
You are entitled to the APE dividend if you buy AMC before the ex-dividend date of 8/22/22. The date of record is after close on 8/15/22. That's when an accounting of AMC shareholders will be made to determine eligibility for the dividend. Usually, the ex-dividend date comes after the date of record. That's causing some confusion. If you sell your AMC between 8/15/22 and end of day 8/19/22, you will not receive the dividend; the buyer will.
Yes, on 8/22/22, the price of AMC will likely be cut in half. So, if AMC closes at $100 on Friday the 19th, Monday morning both AMC and APE would open at $50. However, the prices of each could quickly diverge.
APE will begin life with no options, no shorts, and no synthetics... just 516.8M shares. While that's a good thing, it also means no short squeeze, no gamma squeeze, and no MOASS for APE. So, why not wait until the 22nd and buy AMC at half the price? For one, half price on the 22nd might be significantly higher than today's price. For another, while AMC is still squeezable after the 22nd, consider that APE shares could be in extremely high demand.
AMC will deposit 10M preferred shares to Computershare, who will then create 100 depositary receipts for each share of AMC Preferred. These depositary receipts will be called AMC Preferred Equity Units, or APEs. Out of the 1B authorized, one share of APE will be issued as a dividend for each of the 516.8M legal shares of AMC. It is not dilution because your total ownership of AMC Entertainment will not change. However, AA could issue some or all of the remaining 483M authorized APE shares to clear the company's debt, which would be dilutive, but hopefully not before the MOASS.
There is no doubt that synthetic AMC shares exist, but how many is anyone's guess... I've seen estimates between 100M to several billion. All owners are AMC, synthetic or not, are due APE shares. This creates a serious problem for brokers. What will they do if the float has been sold several times over? On the 15th, brokers and institutions will report their AMC share counts to Computershare. What if Robinhood reports their clients own 200M AMC shares, and Computershare issues them only 50M APEs? This could be the evidence of naked shorts/synthetics that AA has be waiting for and lead to share recalls triggering the MOASS.
Brokers will be forced to buy APEs on the open market for clients holding phantom AMC shares or risk Armageddon. Remember, there is no reason for FTDs to exist for an IPO. I believe this is why some brokers are setting APE to PCO. Unscrupulous brokers will be taking your buy button away again in an attempt to increase sell pressure because they need your APE shares to pass around to other hungry apes pounding their chests demanding their bananas. Unfortunately for them, apes love to hold their bananas and squeeze'em 'til they pop.
{not financial advice}
***** Must watch video on APE Dividend *****
Read the OTCQB Standards here....
https://www.otcmarkets.com/files/OTCQB_Standards.pdf
Upon receipt of the OTCQB Application Materials and required disclosures, OTC Markets Group may:
...
Refuse the application for any reason, including but not limited to stock promotion, dilution risk, and use of “toxic” financiers, if it determines, in its sole and absolute discretion, that the admission of the Company’s securities for trading on OTCQB would be likely to impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors
I honestly don't know, but the timing is interesting. Last month, Phil Christopherson told me that CCTI would be welcome to participate in their Carbon Valley Initiative, but he hadn't talked with them in awhile and wasn't sure of their intentions. That likely depends on the results of this shareholder vote.
IMHO, the deck was stacked a long time ago.
WNP certainly believes in this technology, or they would not have continued to dig their hole deeper. Regardless of the vote, they'll be the big winners (or losers) in all of this.
I still believe Pristine technology will be commercialized and successful, and with any luck, some of us might even turn a small profit. Yep, I'm still dream'n.
Yep, I believe things are moving forward regardless of the reverse split vote. The only question is whether or not current shareholders will be a part of it.
From the latest proxy statement:
"Our directors and executive officers have no substantial interests, directly or indirectly, in the matters set forth in this reverse split proposal except to the extent of their ownership of shares of our common stock."
Hmmm, that sounds like management expects to keep their jobs if the reverse split fails and WNP acquires the company's assets and patents.
Oh, I have thoughts on that, but nothing I'm willing to share yet.
Let's just say I found a significant discrepancy in the 10K that may or may not be related.
Thanks BBB. Now it is clear that Wyoming New Power is pulling the strings on Bert and Ernie, or soon will be. The final testing phase and commercial rollout will be up to them.
Wyoming New Power filed an SC 13D for their acquisition of 85.7M shares (17.15%) of CCTC.
Coincidentally, after being broken for months, CCTC's homepage has been restored. Yay!
We already knew the recent jump in OS from 414M to 500M were shares issued to WNP.
What's new, or at least confirmed, is that the "principal lender" of the $18M mentioned in 14A proxy statement is indeed Wyoming New Power.
This is important! Years ago, WNP paid a small deposit on a license for a 2-MTPA Pristine-M processing plant in a deal to be finalized once CCTI has demonstrated its improved process. Since then, WNP has accumulated $18M in CCTC convertible notes. They must really want that plant!
If we Vote YES for the reverse split, $18M in debt will be converted into shares for our largest investor who is also a client. While the O/S will increase tenfold, it is very unlikely we will see those shares floating; assuming WNP still believes in this tech and want to see it commercialized. This post-RS dilution might not have the huge negative impact on the PPS that we all feared. *fingers-crossed*
With that in mind, consider that Aiden mentioned a potential uplisting of CCTC to the Nasdaq in an official SEC filing (5/20/22 DEF 14A). I believe that was a first. The last time I checked, Nasdaq's listing requirements included a minimum of $3/share. What seemed so unlikely last week, might actually be within the realm of possibility... assuming a reverse-split to 0.40, restoration of OTCQB status, debt conversion without dumping, rebuild financing, successful testing, commercial licensing, and new management (j/k).
In any case, it's a win-win for WNP:
Vote YES for the RS, WNP owns 95% of CCTC.
Vote NO, WNP forecloses on CCTC's assets/patents and takes the tech private.
Please vote YES!
Cartman, you know as well as I do that everyone can't dump before the split without tanking the PPS. The current price is an illusion based on low volume trades. Just last Tuesday, someone sold 1M shares and we hit 0.0022. If I did that, I'd be lucky to average 0.0010 per share... unless I sold small blocks, say 100ksh, but that would take months. So, for me, I'm stuck.
However, those with smaller positions might want to heed your advice. For those taking a dump, please vote YES first! Today I transferred $1k to Schwab; maybe I'll set a limit order at 0.0010 just in case. $$$
I agree 100%. NO R/S=$0.0000, YES=$0.4150 (post RS, based on today's closing pps)
The immediate result will be to restore CCTC's OCTQB rating which is very important.
Aiden Neary said, "I worked incredibly hard to get on the OTCQB and then to retain it for 3 years by online filings along with a slew of other requirements. We dropped because our stock fell below $0.01. However, we will be reinstated once it goes back over it. We were / are compliant on every other requirement."
Then shares will be issued to settle up to $18M in debt. Obviously, this WILL heavily dilute CCTC, probably by a factor of ten. However, that does NOT mean the value of our current investment will drop by 90%... it could drop even more. But after those weak hands jump ship, look for it to rebound. Clearing that debt will be like removing a massive anchor that has been dragging CCTC into the abyss.
Just a wild guess (because I've been so accurate in the past, LOL)...
0.40 immediately after the RS; 0.02-0.04 after settling debts, rebounding to 0.10 as the storm clouds clear and rebuild funding is secured. It should rewind the clock ~5 years in terms of PPS, market cap, debt, and an actual test plant. I honestly don't expect us to hit 0.40 again until the first full commercial contract is signed, which might never happen... but a YES vote gives us HOPE of at least breaking even someday. Voting NO as a big FU to management will not have the intended effect as they'll be in line for millions in back pay... We will only be giving ourselves the shaft.
I guess you didn't get the memo...
https://ir.cleancoaltechnologiesinc.com/all-sec-filings/content/0001185185-22-000590/cleancoal20220510_pre14a.htm
Despite 89% of the votes cast being voted in favor of the proposal,, the votes received did not equal more than 50% of the number of shares issued and outstanding and eligible to vote on the proposal and consequently, the proposal was not passed. As the required number of votes in favor of the reverse split approval were not obtained in connection with the Annual Meeting, the Company has determined to hold a special meeting whereby stockholders can vote on the new reverse split proposal. There is no guarantee that even if the reverse stock split is approved, that the Company will be able to continue to operate as a going concern. Management is expecting to implement the reverse stock split, if approved, , on or before June 18, 2022.
Another thing... Ask yourself WHY now?
Why is management in a hurry to execute the RS and clean up their balance sheet by June 18th?
Hmmm... I vaguely recall something important is nearing completion and due to open around that time. I'm sure it's just a coincidence.
If the show was over, WNP would not be loaning CCTI more money... nearly $100k so far this month!
Wyoming New Power must really want that 2-MTPA Pristine-M processing plant.
Cartman, I can't argue too much with you, except that voting no will stick it to retail shareholders as well.
Voting NO on the RS will result in the company's assets (patents, kiln, and our rusting erector set) being sold off to satisfy debts including management's back wages. Retail shareholders will be left with nothing! Let's be real; existing shareholders are screwed either way... but even 0.004 with a glimmer of hope is a hell of a lot better than 0.0001.
Please, everyone vote YES for the Reverse Split.
Don't be too hasty; remember the technology works!
I'm frustrated too. Management's assurances don't mean a thing. Nothing they've told me has come to pass. I'm tempted to put our dynamic duo out to pasture as well.
Then I come to my senses and remember this technology has been independently verified by the University of Wyoming's School of Energy Resources. In fact, they felt so strongly about Pristine-M that they allowed Dr. Horner to accompany Aiden Neary on trips to New Delhi to meet with India's Coal Ministry and even gifted CCTI a custom-built $1.3M rotary kiln for the redesigned test plant.
I have personally spoken with third parties about the technology, so I know there is a need for it and its byproducts. One of those third parties was Jim Ford, who at the time was VP/COO of ATLAS Carbon as well as CCTI's landlord. He now runs the Wyoming Integrated Testing Center. He spoke candidly about CCTI and told me that ATLAS hoped to make use of certain byproducts in their production of activated carbon.
My point is, CCTI's woes are a failure of management, not the technology. It would be a crime to let this technology die. Voting NO will hurt everyone who trusted management and poured their life savings into clean coal. I will be voting YES for the RS and encourage others to as well. At least then there's a small chance we'll break even someday... but we might need new management; people we can trust. Cartman for CEO?
I agree 100%. IMHO, we have 2 choices...
1) Vote YES for the RS.
2) Vote NO or abstain and let this company (and this forum) die. But, where's the fun in that?
The RS will result in massive dilution as up to $18M in company debt is converted into shares of common stock post split. That should rewind the clock 5 years or so; Back then, the market cap was ~$20MM. I figure the O/S will top 100M after debt conversion and CCTC could be trading around 0.20 after the books are cleaned up. That'll put CCTI on solid ground as it seeks to acquire rebuild financing.
For long-time investors, it's not a pretty picture. Personally, I'm down well over a hundred grand on my investment, but I've averaged down and look forward to breaking even someday... soon! LOL.
Remember, the game isn't over yet...
Jonas Grumby and his little buddy have a plan!
"A couple appear to only exist to like and retweeted cctc." - andrew556
Yes, like this one:
https://twitter.com/WYOENERGY
Well, they might not be high energy yet, but just wait until they take a tumble in our new dryer! Not only will it boost their energy by 33%, we'll extract some valuable rare-earths and maybe even a few pennies!
Coal futures: $87 3/4/21 --> $400 3/3/22
That includes a 33%, $99, increase today alone!
https://tradingeconomics.com/commodity/coal
Russia's invasion of the Ukraine sent coal prices soaring. Germany and Italy are increasing coal reserves and reopening coal plants.
“European thermal coal prices have surged to record highs with futures prices above $400 per metric ton (mt) until Q4 2022,” WoodMac principal analyst, Rory Simington, said. “Some buyers in Japan and Europe have already indicated they are looking to replace Russian supply, and non-Russian thermal coal in Europe is attracting a significant premium over Russian material.”
I don't blame you... I literally laughed out loud when I wrote it.