I can lead a horse to water, but I can't make him drink !
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Fridays last trade was 0.0666c
(posted under the NEWS page, and copied below)
CLEAN COAL TECHS INC (CCTC)
$ 0.068 ?-0.0012 (-1.73%)
Volume: 1,487,353
After Hours
Last Trade Last: $ 0.0666 ? -0.0014 (-2.06%)
Bid (USD) Ask (USD) Last Traded Open Prev Close
0.06 0.07 4:02:47 PM EDT 0.073 0.0692
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p39862304815
0.0666...Was the last trade on Friday, and "666" is considered a very "lucky number" by the Chinese, and most Asian cultures.
Chinese "Lucky Numbers"
http://www.my-new-chinese-love.com/chinese-lucky-numbers.html
http://www.chinatownconnection.com/world-luckiest-numbers.htm
666 - Six hundred and sixty-six is an interesting number. It is both extremely bad luck in Western culture but very good luck in many Asian cultures and Chinese culture.
As everyone knows, according to the Christian bible, 666 is the number of the beast and is synonymous with Satan. 666 might actually be the most avoided number in Western culture, followed closely by the number 13.
But in cultures in Asia, the pronunciation of 666 sounds very much like the phrase, "things going smoothly," and it is considered to be very lucky. Many shopkeepers will place a sign or plaque with 666 written or carved on it in their window as a good luck charm. The same goes for the front door of a home or apartment.
Good Morning ALL !!!! CCTC Positive Outlook !!
Technical Update, for Monday, June 21st.
CCTC is well positioned for a strong rally, this week. 0.062c is our support. The stock may have ended the corrective phase on Friday when it made a low of my anticipated 0.065c level, in the a,b,c, manner. As long as 0.062c holds, CCTC looks good to hold here. The "Money Flow Index has broken below the 20 level, a sign of being oversold, and positions the stock for a move up this week. The move up may be a move of 0.04c or more. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Friday June 11th, at 0.062c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
The "Futures" indicate a strong open.
Perhaps CCTC (0.068c), will open BIG as well, on the markets heels.
U.S. Stock Futures
Data as of 3:25am ET
S&P +18.50 / +1.67%
Nasdaq +30.75 / +1.61%
Dow +138.00 / +1.33%
http://money.cnn.com/data/premarket/index.html
On the subject of "Planned Sales"
http://blog.form4oracle.com/2009/09/29/10b5-1-plan-planned-insider-purchases-and-sales/
Insiders can adopt a 10b5-1 trading plan.
The SEC adopted Rule10b5-1 to protect executives from charges of insider trading by allowing them to legally buy or sell shares in their company even if they are aware of material non-public information so long as the trade was specifically laid out in a plan before the executive became aware of the information. A 10b5-1 plan needs to predetermine the number of shares to be traded, at what price and on what date.
Planned sales (or purchases) are not binding and insiders can cancel them for any reason, even if they have non-public material knowledge.
So what can you make of it if you see some insider purchases or sales marked as “planned”?
You can view these transactions as carrying a lot less informational value, since there is no element of spontaneity in them and either assign them no value or significantly discount their significance.
ptrigger, I think your hunch is right!
These were all "planned sales".
These were entered at previous times, maybe a month ago or more.
The insiders make their decisions to sell, but often times insiders are wrong on their buying and selling timing. They're not perfect, as some would believe.
The fact that they still hold a majority of shares, leads me to believe that they were hoping for the NEWS on the contract/deal/signing/revenue, to be out by now, just as we have. The fact that they "planned sold" only a fraction of their holdings is GOOD news for us. It tells me that they are expecting even higher prices down the road, and they are "averaging-up".
I wrote a post on the sale of stock by insiders previously which discusses the facts about what rules they need to follow and how planned sales are implemented.
One thing I'd like to add here.
The price of a stock is not solely driven by the decisions of insiders. MM's and BIG traders who have large amounts of stock, also have some effect on the direction of the stocks pps. They make their buying and selling decisions based on a lot of information, one of which is technicals. They seek to capitalize on their investment in the securities they hold, just as we do. They can, and will, seek to benefit on the stocks swings, based on the decisions of corporate insiders, i.e. PR's.
Smart Technicians BUY stock when the pps falls under key support levels, and sell it when it rises above it. They buy on oversold conditions, and sell on overbought conditions. You need to follow this strategy too, if you want to capitalize on your investment.
Currently, CCTC is oversold, as seen by the MFI, just one of many indicators. At 0.068c, here on Monday June 21st, the stock is, IMO, ready to make a BIG move-up. IMO, it has once again been brought down by traders and MM's who have guided it down to these levels, and are going to sell BIG TIME, once the pps goes up when the NEWS PR is released, just as we should.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p15860307109
GLTA
This MM chooses to use the wording
"trading NEAR it's 52-week low".
I received this e-mail tonite, also.
It's Adding 1 MILLION New Customers Every Month!
Good Evening!
Traders are getting excited again about a company that sells to a 1.3 BILLION captive Chinese market!
The company has revenues, is profitable … and sells for less than a dime!
The chart shows it is trading near its 52-week low and appears to have built a solid base from which it could shoot straight up -- AGAIN!
Yup, we've played this winner before – twice, in fact – and its time we go back for a third and hopefully even more profitable look!
My email goes out at 9:30 a.m. tomorrow and my stock link will be loaded with all the details at the same time.
See you in the markets!
Terry Slanton
~ and your friends at Penny Stocks Finder
CCTC may possibly hit 0.14c to 0.16c,
at the beginning of the week, if a PR of substance is released.
GLTA
JMO, and I'm not a pumper, as some might think.
The Money Flow Index is registering "OVERSOLD !!!
3-MONTH
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p53788015330
6-MONTH
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p75322103586
Bobwms, thank you Bob,
I'm looking at the RSI as well, and am anticipating $1.00 like you are.
did you read this....
Possible ALERT on CCTC !!!!!!
I just received this e-mail from "Beacon Equity", a MM, tonite!!!
You will remember, that Beacon Equity put out their alert on CCTC back when the stock was under 0.05c on February 17th.
Here it is. Could this be CCTC they're talking about???
A Chinese "Power-Pick" coming tomorrow
This Stock is Bouncing Off Major Support – Which Could Mean Continuing Big Gains for YOU!
Good Evening!
Tomorrow's alert has exploding revenues – is wildly profitable – and is fast-becoming a leading player in its niche – and yet, it's trading for under a quarter!
The stock is just now coming off a 52-week low and indicators are suggesting STRONG gains could be on the horizon – especially in light of a flurry of good news coming out of the company!
And – this Chinese beauty has been a past winner for us!
Go to my Power-Link http://beaconequity.com/dailyalert/ just before the market opens in the morning to get reintroduced!
Beacon Equity Group
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p75322103586
Possible ALERT on CCTC !!!!!!
I just received this e-mail from "Beacon Equity", a MM, tonite!!!
You will remember, that Beacon Equity put out their alert on CCTC back when the stock was under 0.05c on February 17th.
Here it is. Could this be CCTC they're talking about???
A Chinese "Power-Pick" coming tomorrow
This Stock is Bouncing Off Major Support – Which Could Mean Continuing Big Gains for YOU!
Good Evening!
Tomorrow's alert has exploding revenues – is wildly profitable – and is fast-becoming a leading player in its niche – and yet, it's trading for under a quarter!
The stock is just now coming off a 52-week low and indicators are suggesting STRONG gains could be on the horizon – especially in light of a flurry of good news coming out of the company!
And – this Chinese beauty has been a past winner for us!
Go to my Power-Link http://beaconequity.com/dailyalert/ just before the market opens in the morning to get reintroduced!
Beacon Equity Group
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p75322103586
For those looking for "A Silver Lining",
On Feruary 10th, the stock was removed from the "Short-List".
At that time, the stock hit a low of 0.034c. Five days later, the stock hit a high of 0.42c
On June 16th, the stock was removed from the "Short-List".
At that time, the stock was at 0.07c. Five days later would be
June 21st.
That's tomorrow folks !!!!!!
Will we get the much anticipated PR tomorrow? Maybe !
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p75322103586
Here is what I've seen, as far as PR's
JUNE 0 - PR's
MAY 5-26
5-17
5-11
5-10 Total 4 - PR's
APRIL 4-21
4-13
4-12
4-5 Total 4 - PR's
MARCH 3-24
3-8 Total 2 - PR's
FEB 2-17
This is the longest span of time yet, since our last PR, now over 3 1/2 weeks.
Maybe that means something GOOD is in the works.
We usually get a PR every 2-weeks, or so.
Bobwms, Way to go !!!
nice trade, buying CCTC at 0.08c and selling at 0.36c
where do you believe CCTC is headed from here, since it is
at 0.068c currently?
what do you anticipate this week, with regard to a PR release.
Your expertise has my interest.
edurk
The Money Flow Index coupled with NEWS, PR's, and Support/Resistance levels.
You will also notice that when the stock dips under recent Support, a PR gets released, causing the stock to rise above the support, which is now called resistance, and that is the time to SELL. Always, always SELL on NEWS.
It's a very good idea to be buying the stock when it dips under the support, then SELL the stock if you can, on the release of the PR, when you can expect that the price will move above the support/resistance level.
There have been many opprtunities to play this stock this way over the last 5-months, and I expect that going forward, there will be many more opportunities.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p66322218164
slyguy and ptrigger, take a look at the following chart.
Note the MFI, "Money Flow Index".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p66322218164
At a quick, first glance, you will notice that the MFI line moves from Overbought at the top line "80", down to the lower line "20", Oversold.
This is NOT an exact indicator that tells you an entry point, or exit point, obviously. It has to be coupled with other indicators to make that timing possible.
The MFI does however, present a "rough" idea of the area you want to be considering BUYS and SELLS.
Currently, the MFI is at 17.76, which is under the "20" line.
On March 23rd, the MFI was at the same level, under "20".
The next day, March 24th, a PR was released. (below)
Clean Coal Technologies Inc. Announces That Major Joint Venture in China is on Track for April
CORAL SPRINGS, Fla., Mar 24, 2010 (BUSINESS WIRE) -- Clean Coal Technologies, Inc. (Pink Sheets: CCTC) will sign a joint venture agreement in China in early April, with similar agreements in India and the U.S. not far behind.
"We expect to sign our first joint venture agreement in China in early April," said Doug Hague, President & CEO of the innovative company. "We're still on track to expand our penetration into the China market.
If you look at all the NEWS and PR's, you will find that their is a direct match-up with the PR's/NEWS and the overbought and oversold areas. i.e., PR's get released when the MFI is oversold, and overbought. Thus the commonly heard phrase, "SELL on NEWS".
Good entry points are at an MFI under 20, and good exit points are at an MFI over 80.
Currently, I would expect that a PR is due to be released this week, as the MFI is under 20.
ptrigger, I'm wondering if the proceeds from the sale of stock in recent weeks is being used to pay for those Ads, or if it's going to be used for future expenditures, such as more Ads.
He has only sold a minor portion of his holdings, and has been selling after the Ads ran in the magazines.
ptrigger, did you actually see the Ad in both magazines?
ptrigger, Wow! You're quick.
How did you get that so fast?
slyguy, Do you, or does anyone know "roughly", how much it costs
to put an "Ad"/Article" in Business Week Magazine,
and Fortune Magazine?
stevesc, I looked at the site.
My spyware warned me, as I was reading, about it being a site that could cause me some compueter problems, so I got out of it.
I read enough of it though that I could see that we need to be careful about the choices we make, based on what is being said by some.
We definitely need to do our own DD, and base our BUY/SELL decisions on our own views, and not so much on others info.
I try and follow this way of thinking, however, I must admit that I've not looked into every detail about CCTC.
I prefer, as you know, to make my decisions based on technical views, not so much on the fundementals, etc.
Thanks for the info.
sjames41, I went back to my earlier posts and found what I had written on April 14th, after the stock had peaked at 0.185c on April 12th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p15217886805
Things didn't look right to me.
There was an extreme amount of optimism. The opinion view was very BULLISH at 100% BUY.
The stock had staged 3 waves over the prior 2-1/2 weeks, meaning it was topping.
Also, the Money Flow Index had crossed above the 80 line.
The following, was the post I had made:
Posted by: edurk Date: Wednesday, April 14, 2010 9:23:03 AM
In reply to: daytrader2004 who wrote msg# 11640 Post # of 21730
Of concern right now, is the fact that the stock can't stage a sustainable rally on positive news.
That being said though, all it would take is the release of the news of revenues to change things dramatically for the better.
For now, the stock is locked in a wide trading range, between .10c and .185c, and needs a catalyst to breakout above .185c
BTW, every week and every day changes the short-term outlook, so what I see one day, can change the next day. For myself, I'm not interested in trading CCTC on a short-term basis for a meager $1,000 profit. I am in CCTC to trade off of a move of much higher amounts. I'm interested in selling my shares on a move where the stock makes a 10-fold move.
stevesc, which post are you refering to?
I've seen all the ones you have sent.
stevesc, thanks for the PM !
hey, btw, did you make any money on the other stock?
I hope you did !!
Let's make a killing in CCTC next week !!!
You're right stevesc,
Up, Up, and Away !!!!!!!
"Buy on the Dips".
"Buy under support, Sell above Resistance".
"Buy when blood is running in the Street".
"Buy what nobody wants".
"Never Sell a dull market".
"Buy on low volume, Sell on high volume".
"Sell when the stock is going up,up,up".
Bashing can be very useful information to an investor.
Currently at 88% SELL.
If the general opinion is negative, the chances are better that the stock will go up verses down.
Extreme bullishness, on the other hand, is bad for a stock.
http://barchart.com/snapopinion/stocks/CCTC
When CCTC was selling at 0.185c, the opinion on the stock was very bullish, with a 100% BUY rating. That was, as it turns out , the exact time to have gotten out.
Now that the opinion is the reverse, and the rating on the stock is at 85% SELL, it is the time to be BUYING.
This is a general view, and does not pinpoint the exact time to BUY or SELL. It is only one of several indicators one should look at and consider in making their decision.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p56297851617
Yes. I do.
The CEO said to expect approval by mid-month.
The fact that mid-month is the 15th, and that date has past, indicates to me that next week improves the chances for some kind of communication on the subject of an approval, or in the very least, some kind of response, even if it would be that there will be a delay.
We could be entering Wave(3) now !!!
(1)5 = 0.42c, A = 0.10c B = 0.185c C(2) = 0.062c
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p65069317831
The following explains what happens to form each Wave:
Wave(1) = 0.42c (Impulse Move)
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave(2) A = 0.10c B = 0.185c C = 0.062c (Corrective Wave)
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, "the stock WILL NOT make it to its previous lows before the stock is considered a bargain again."
Wave(3)
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of Wave(1).
Technical Weekly Chart, for Monday, June 21st
The following Weekly Chart, and Reference Guide, may be showing that Wave(2) has ended, and CCTC is ready to move-up BIG to
Wave(3).
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p42348174389
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
(1)5 = 0.42c, A = 0.10c B = 0.185c C(2) = 0.062c
Since the later part of May, the price has been in a down trend, however, the Money Flow during that time has been in an up trend.
This "divergence", indicates a possible BIG move up in the price is likely about to unfold. Divergences often time indicate reversals in trends.
The Money Flow Index, for Monday, June 21st
and what it is telling us about what to expect this week!
Note: March 22nd and April 31st.
The Index dropped to under 20 on March 22nd, and at 20 on April 31st.
You can see what happened to the stock after the Index dipped to those levels unader 20 and at 20.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
Technical Targets, for Monday, June 21st.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.062c June 11th
My "Targets" are:
1st Swing Target = 0.308c
(0.185c - 0.062c) = 0.123c, (0.123c + 0.185c) = 0.308c
2nd Swing Target = 0.778c
(0.42c - 0.062c) = 0.358c, (0.358c + 0.42c) = 0.778c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Technical Update, for Monday, June 21st.
CCTC is well positioned for a strong rally, this week. 0.062c is our support. The stock may have ended the corrective phase on Friday when it made a low of my anticipated 0.065c level, in the a,b,c, manner. As long as 0.062c holds, CCTC looks good to hold here. The "Money Flow Index has broken below the 20 level, a sign of being oversold, and positions the stock for a move up this week. The move up may be a move of 0.04c or more. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Friday June 11th, at 0.062c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.062c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) June 11th ( Possible Impulse Wave ???)
1= 0.08c 2=0.065c 3=?
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Intermediate Downward Sloping Trading Channel
Short-Term Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
0.14c to 0.16c next week !!!
Have a great weekend all !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p79872414725
Here's a better view of the Money Flow Index and what it is telling us about what to expect next week!
Note again, March 22nd and April 31st.
The Index dropped to under 20 on March 22nd, and at 20 on April 31st.
You can see what happened to the stock after the Index dipped to those levels unader 20 and at 20.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The "Money Flow Index" tells me that the stock could make a move-up, of as much as .04c or, .05c minimum next week.
Note the "dips" to under 20 on March 22nd, and at 20, on April 31st.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p49896821808
This is what I read, and I'm interested in what the board has to say about it. It's from 8/24/09
Ground breaking on the plant site is estimated to take place during the last quarter, 2009, with initial clean coal production estimated to commence within 18 months thereafter.
Under the terms of the agreement, SMIRSC will be a 75% partner and appoint 3 directors to the board of the joint venture. We will be a 25% partner and appoint 2 directors to the board.
As its contribution to the joint venture, SMIRSC will provide approximately US$ 25 million in capital, land use rights and improvements, coal reserves for feed stock, delivery of raw materials and subsequent distribution of finished products, guaranteed purchase commitments for finished products.
We will provide approximately US$ 8.3 million in capital, a license to use our patented clean coal technology and technical supervision and support for the construction, installation and operation of the plant.
Each party has committed to contribute a minimum twenty percent (20%) of its share of the capital of the joint venture within 90 days of the completion of a feasibility study and receipt of formal Chinese government approval of the project , and shall make the remaining capital contributions within 2 years in accordance with the progress of the project.
The feasibility study was completed by the Shanghai Chemical Engineering Incorporation (SCEI) in April, 2009. On June 5, 2009, the joint venture company was issued a Certificate of Approval (Operating License) under the name of Inner Mongolian Nuomenhan Clean Coal Company, Ltd,
We are currently awaiting the project’s final approval by the Chinese government which we anticipate receiving during the third quarter of fiscal 2009, after which we will be required to make our initial capital contribution, and be able to complete the final design and commence construction.
Although we have experienced delays both in obtaining the feasibility study and the Certificate of Approval,
we do not expect the final approval to be further delayed and anticipate beginning plant construction by the end of 2009.
The stock at this time was $2.00
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=1&mn=0&dy=0&id=p69453557184
Will someone comment on this for the board?
http://ih.advfn.com/p.php?pid=nmona&article=39166348&symbol=USOTC%3ACCTC
Another date with "18" in it.
This one is 6-months ago.
On December 18, 2009, the Company signed an exclusive Technology Licensing Agreement (TLA) with INK Global Consulting for the deployment of CCTC's technology in India. The TLA provided for the funding and construction of clean coal facilities for an increasing production capacity of up to 100 million tons annually for a period of 20 years.
6-months is a nice round number for the markets sometimes.
and don't forget the others.
February 18th, stock soars to 0.42c
and June 18th, 2009 PR
and June 18th, 2008 PR
"The markets climb a wall of worry", as the old saying goes.
...and there certainly is enough worry on this board to warrant some optimism about a move up in the shares price.