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I'm certain it was true or CEO Eves wouldn't have said it on video.
There was no "forward looking" disclaimer; it was said as a statement of fact. That being said, government money usually comes with a catch, tons of red tape, and a few flaming hoops to jump through. Just a guess, but I suspect the loan will be available once the new and improved process is fully validated by the University and ready for commercialization. The Wyoming coal industry is in a death spiral and no doubt the governor sees Pristine technology as a possible lifeline... Why else would he follow CCTC on Twitter?
True, but who would steal patent pending tech and spend a fortune building a Pristine-M v2.0 processing plant only to be sued once the patent is granted for a billion in lost royalties and damages... The risk is just too great. Well, maybe China would if potato head doesn't just give it to them.
Maybe someday you'll realize you're being overly optimistic.
Our future in the poorhouse is all but assured. (j/k)
No, don't assume any anonymous poster is credible.
Do your own DD... You might learn something.
I'd wager a 1:85 RS with A/S of 24M, or possibly 1:100 RS with A/S of 20M.
The last 1-for-35 RS in April 2014 boosted the pps from 0.0145 to 0.51.
If they shot for the same half-dollar target today, that would require a 1-for-85 reverse split.
Shareholders voted in 2016 to increase A/S from 150M to 500M to allow CCTC to offer a 70% stake in exchange for rebuild funding. Obviously, that deal fell through, and 5 years later, we are fast running out of shares. Assuming they hope to shop for a similar deal, a fourfold increase in A/S would seem appropriate.
Yep, CoalDuster, you're right... There is a plan and the future is bright.
It's just taking much longer than any of us expected and all we can do is watch our piece of the pie continue to shrink.
Nevertheless, my plan remains the same... to diamond hand CCTC for as long as it takes to clear a cool million. I'm certain it'll happen someday... soon. $$$
I really don't understand the hate. I've never communicated with Mr. Eves, but Aiden seems sincere and doesn't strike me as a crook or a liar.
My paper losses are probably larger than most and I'm not happy, but I knew the risks. Our management team have done their best, but some things are simply beyond their control. I still see a shining pot of gold at the end of this long, dark tunnel... but it has narrowed considerably and we might not fit. I guess that's why they call it fool's gold.
I've never denied the possibility of a RS.
I suspect the necessity of a RS comes from the loss of their OTCQB rating. That certainly would make it more difficult to raise funding.
Aiden is "very annoyed" about the loss of their OTCQB rating that he worked very hard to acquire and maintain for 3 years. He said they only lost it because CCTC fell below 1¢, and it will be reinstated as soon as they go back over.
Place your bets: 1-for-10, 20, 100, or 1000?
I say 1-for-1000... If we're going to do this, let's go big!
We might finally break a dollar! Ha.
Probably so... They'll need enough A/S remaining to settle some debts and go fishing for funding. In spite of our feelings regarding the RS and potentially massive dilution, we must vote for it or this company is dead. It's really that simple.
On the bright side, if funding is secured and testing is successful, many of us might finally break even. It's good to dream.
0.200 more likely -- fixed.
Decimal points are tricky things... just ask Tacho.
If 10M shares were dumped, why did CCTC gain 4% on the worst trading day for the stock market since May? I don't believe those were newly converted shares. It's also unlikely those shares were sold by management given the current pps, but if so, they had a buyer ready and waiting to quickly scoop them up.
The same thing happened last Thursday when 14.8M shares were traded, and CCTC was up 6.7%. That usually means buying, not selling pressure. Last week's reported and verified O/S remained the same at 414.1M shares, so it wasn't dilution.
Yes, I was aware of the previous filing...
June 8, 2021, I sent this email:
Why did you sell shares recently?
I found this with a simple Google search:
https://sec.report/Form/144-PAPER/22877.pdf
When management clears stock for sale it does not mean you have sold stock. I did not sell 3.5m shares. I cleared 3.5m for sale which means i have the ability to sell them over the next 3 months if I chose to. I cleared stock last year too and never sold anything.
But I do agree with you, I am sure that those who do not understand the process will assume that was a sale. It wasn't!
Honestly, if they are even considering selling a single share at current prices, it's time to point the kiln at the moon, change my name to Kenny and blast off.
IDK, it's possible they're sitting on news that could spark a run.
Six years ago, CCTC was trading at 70¢ when they announced completion of their test plant at AES.
We've seen 7-fold dilution since then, so if history repeats itself that would put us solidly at a dime.
Heck, if that happens, I might sell 10% of my shares too.
As of the last quarterly filing, reassembly is expected to be completed in Q4. Of course, funding needs to be nailed down first, and Aiden assured me that is 100% their focus right now.
I know Cman thinks I'm a fool, but I believe Aiden is being as honest and forthright as he can be. He even admitted that he's embarrassed by the current share price and stated emphatically that it does not reflect the value of their technology.
He said, "I do not believe for one minute that this technology will not get completed and deployed commercially."
These new filings allow for the potential sale of ~10% of their holdings within the next 90 days, which suggests to me there could be a funding announcement soon. Think about it logically... If the game is over, why sell only 3 million shares? Why not 30M? Aiden has been working very hard to limit any further dilution, even returning shares owed him to the company, and says he's close to locking down the last noteholder. Why even bother if the company is toast? Conversely, if there's still hope to secure rebuild financing, why sell now at half a penny when it could easily reach a nickel with a funding announcement? They have 90 days from the filing… Maybe I should start another countdown? (j/k)
$$$
Hopefully, our team is about to score and are preparing to cash a paycheck. Earlier this week, Aiden wrote...
I have returned a large amount of my own shares to treasury and I have foregone salary for many many years so we can get this over the line.
I asked Aiden about that...
"Why did you sell shares recently?
He replied,
When management clears stock for sale it does not mean you have sold stock. I did not sell 3.5m shares. I cleared 3.5m for sale which means i have the ability to sell them over the next 3 months if I chose to. I cleared stock last year too and never sold anything.
But I do agree with you, I am sure that those who do not understand the process will assume that was a sale. It wasn't!
Regards
Aiden Neary
No, they're not sold yet. Those restricted shares have been released so Eves can sell them if he wants to. Think about it... that's a measly $18k. Certainly Eves isn't that hard up; at least, I hope not. On the other hand, Eves has 90 days to sell them, if he chooses to... Could BIG news be coming soon??
All I know is...
"A bank has been engaged in this raise"
No clue to timeline, requirements, or odds of success, but...
"we are working through it."
Cartman, don't you find it strange that 15M shares can be dumped in a single day and yet we're UP 6.7%?
Today's volume increased 125-fold over Tuesday, 14.8Msh vs 118ksh, yet we close at the same price.
After that massive dump, you'd think we'd be trading at 3¢ right now. On the other hand, if that was buying pressure, we should've gained two or three cents.
Maybe this was just trading/transfers between institutions?
We'll know if it was converted shares or not when the O/S is updated tomorrow evening. Assuming it was, who is this buyer and how does he know when dumping will occur? How can he trade massive quantities with negligible impact on our PPS? Dark pools?
We're in luck... No doubt our ship is sinking, but I can just make out an island in the distance.
https://64.media.tumblr.com/da5c4b9b31c11ad0cac93706ae4b7eed/tumblr_ovb0o0gkCP1r1ult6o8_500.gif
Yes, it's usually very quick. I hear there's still hope, so at these prices, I'm still buying...
Ironically, a market crash could be a boon for CCTC and penny stocks in general.
When you've lost your shirt playing blackjack, you might toss a few coins into the slots on your way out the door.
Yep, I love pizza cooked over hot coals!
I agree with Cartman… Dollar shares ahead... soon?
I've long speculated that delays related to the Wyoming Innovation Center (aka WIC, ACPIC) are at least partially responsible for our long overdue rebuild.
I'll remind everyone that Dr. Horner will require slices of pizza extracted from the blue kiln he helped design for his coal-to-products research. Certainly that's why the University of Wyoming gifted that $1.2M giant pizza oven to CCTC. DOE's NETL will also take part in REE/REM extraction research at the new WIC lab. I expect (hope) things will kick into high gear as ACPIC nears completion. $$$
https://www.uwyo.edu/uw/news/2020/06/rare-earth-elements-project-receives-federal-funding.html
"The $1.62 million, three-year project involves NETL, the University of Wyoming School of Energy Resources (SER), Campbell County, the city of Gillette and Energy Capital Economic Development. The project will create a pilot-scale production facility at the Advanced Carbon Products Innovation Center, now under development in Gillette, to demonstrate the economically viable production of rare earth elements from coal-related feedstocks."
I wouldn't still be buying CCTC if I wasn't confident that we'll break a dollar or two by the EOY... oops, I meant a penny or two.
I'm not worried in the least. I am confident we'll witness a decimal point shift soon... hopefully to the right.
Yes. No. Maybe.
Tuesday's MegaMillions jackpot is now at $270M!
Unfortunately, CCTI hasn't got the cash on hand to purchase a ticket.
Imminent? Maybe... CCTC's "related party note holder" must see a glimmer of hope or they wouldn't be throwing unsecured cash at them.
That's definitely a possibility. However, don't you find it interesting that management AND our "related party" are doing everything possible to prevent further dilution? They've held steady at 394M O/S for 5 weeks now. Aiden has even returned 5M shares due him to minimize dilution (shocking, I know). Now we learn our related party is buying third-party convertible notes and replacing them with unsecured/non-convertible ones. So far this year, BD/WNP have flushed $500k down the shitter because CCTC can't pay it back without income. Ask yourself why? To prevent further dilution? They never seemed to have a problem with it before, so what's changed? It seems like those last 100M authorized shares will be needed for something important and we must be close or our related party wouldn't have opened their wallet. $$$
I would wager we are nearing a major announcement. Consider that the lower we go, the higher the potential bounce on good news. Once funding is secured and construction on the new test plant begins, many of us expect to see a quick return to the 0.05-0.10 levels until commercialization. Obviously, a ten or twentyfold increase will not go unnoticed, and momentum could build as new investors pile on. I don’t know if we’ll see a dollar within six months, but that is certainly possible… and that’s before the first client signs. $$$
Yep, my credit cards have lower interest. Nevertheless, I'm feeling pretty bullish on CCTC after the 10Q.
In June, our "Related Party Note Holder" bought a $115k third-party note due for conversion and replace it with an unsecured and non-convertible one.
In addition, our related party note holder loaned CCTC $403k since January. Given CCTC's precarious financial position and looong history of broken promises, why would anyone offer them an unsecured loan for more than half-a-million dollars? Well, consider that Wyoming New Power already paid a $100k non-refundable deposit towards licensing a 2-MTPA Pristine-M commercial plant. If this related party is Wyoming New Power, those loans plus interest could later be applied towards their remaining license fee. Still, issuing CCTC an unsecured line of credit seems like a very unwise move unless our related-party knows something that we don't. $$$
I hope I'm not the only one still buying... I stuffed another 150k shares into my mattress today, and it's starting to feel a little lumpy.
Wow! Did I read that right? The latest convertible notes totaling $18.6k are convertible into shares at $0.06 ?!
Decimal points can be tricky things, so maybe it's just a typo… but, I don’t think so.
In the first half of 2021, our "Related Party Note Holder" has issued CCTC more than $500k in financing.
The words "unsecured" and "non-convertible" really stuck out to me.
We are close folks... Beverly Hills or bust! I am seriously considering selling my AMC and going all in on CCTC before Hell finally freezes over. $$$
Yes, I remember a news article from a few years ago where Dr. Horner suggested CCTC's promising new tech should be ready for market in 4-5 years. It seems that he was overly optimistic.
Speaking of Dr. Horner, what has he been up to lately?
Did he survive the zombie apocalypse?
We need his take on the status of Pristine technology and his byproduct research.
Someone should check the kiln... He might be hiding in there!
That would depend on your definition of imminent.