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I can understand that... But when has Aiden Neary been "less than honest?"
Remember, he's only been with CCTI for 3.5 years. He joined long after the previous management wrecked the company.
Yes! Now we just kick back and watch it snowball.
There will be a half day of trading on Monday the 3rd. It'll be interesting to see where our stock goes from here. I'm predicting a bump to 0.15 on Monday and another bump on Wednesday as casual investors use the long weekend to catch up on the "Energy Week" news.
Happy 4th everyone... Don't blow your fingers off.
Well, you and I know that... but some wouldn't believe it if Aiden Neary said it himself. After all, if the CFO is buying shares of his own company in addition to taking them as salary and bonuses, it would mean that he's a true believer and is betting the farm on CCTI... and certain critics here would sooner believe cows fed lumps of coal will poop diamonds.
Let's hope so... We need that WA port to ship our coal to China.
Trump has to authority as president to force it if necessary (Like Obama, he has a phone and a pen)... but given the political climate, it would be better if they can get the permits approved without his help.
You're right, we'll probably know for sure in 6 weeks.
However, we can make an educated guess based on the last 10K and previous SEC Form 4s:
7/1/15 Neary signed a 2 year employment contract as COO/CFO for $375K/yr + 750K shares as a yearly bonus.
8/5/15 Neary acquires 2.750M shares valued at about $605K, obviously his salary & bonus.
6/16/16 Neary acquires 1.950M + 750K shares @$0.00, salary & bonus.
1/3/17 Neary acquires 1.397M + 750K shares @$0.00, partial year's salary & yearly bonus.
I don't know how you explain the 3.5M shares @ $0.66 from 1/29/16 and the 4.0M shares @ $0.125 from 5/19/17 except as a purchase. They DO NOT appear to be part of his employment contract as reported in the 10K.
Couldn't find any proof, huh? Well, in the words of the wise and powerful Cartman, "You're free to believe whatever makes you feel best. Just don't assume you're correct and expect others to follow suit."
Yeah, that's interesting... We need to keep an eye on Trilogy.
Agreed... Something major is TBA. The commercialization news was just the tip of the iceberg... Buckle up! :)
No, I actually read the directions for the SEC Form 4...
'P' is for Purchase from an exchange or an individual.
'A' is for Grant, Award, or Other aquisition including company OPTIONS.
Damn, that's some heavy compensation... $5M in stock since 2015. I'm calling BS on that one.
Neary's Form 4s since 2015:
1/22/15 2.289M @0 --- Worth $190K @ 0.083 then current pps
8/5/15 2.75M @0.22 = 605K
1/29/16 3.50M @0.66 = 2.3M
6/16/16 2.70M @0.0001 --- Worth $967K @ 0.358 pps
1/3/17 2.146M @0 --- Worth $352K @ 0.164 pps
5/19/17 4.0M @ 0.125 = 500K
= $4.91M
Totals of the par value acquisitions = $1.5M
That was probably his compensation since 2015. When the price is listed on the Form 4, he probably paid for it.
Please post your evidence.
Yes, WhiteCoal posted the link. It appears that the path to commercialization has come at a heavy price... near full dilution.
However, once you realize just how lucrative Pristine-M will be once we're commercialized, it was well worth it.
I once worked for a genius who was constantly coming up with unique and innovated ideas... Every time he had a big money investor on the hook, he cut bait when they asked for a controlling stake of his company. That was long ago, and my shares are still worthless.
Yes, Buckskin mine in Gillette, WY produces 27M tons per year... and that's just one mine.
Even assuming full dilution and at half royalty, that adds up to nice earnings for CCTC... and for us. $$
There is zero evidence that Neary didn't purchase those shares.
I wonder what happens to iHub's 0.47 if we factor in the dilution due to the investor's shares?
Our investor owns 70%, or 350M shares of CCTC, based on this proxy statement from 8/26/16:
Add in Neary's recent purchase of 4M shares and that's a total of: 113.4M + 350M + 4M = 467.4M issued shares.
That gives an adjusted EPS of: 0.47 * ((113.4M + 4M) / 467.4M) = $0.118 EPS. Nah, just a coincidence.
Yeah, we need lots of patience since CCTI is run like a privately owned company rather than a publically traded one.
We shareholders are often forgotten or kept in the dark, although much of that is probably due to NDAs.
Don't worry though... I have no plans to sell until the political pendulum swings the other direction.
I don't understand why CCTC hasn't skyrocketed. Sure, there are no official earnings yet, but much of the stock market's value is based on speculation on future earnings. Election Day, Nov 8th, we were at 10 cents... The very next day we doubled to 20 cents. Two weeks later, we were sitting at 26 cents. That was before any earnings as well. Since then we've had a constant stream of good news, including the Pristine-M patent award, DOE interest, EPA regulation rollbacks, DC lobbyist hired, coal-industry revival, the WY move confirmed, hints at 0.12 eps through numerous "typos", and an $80M financing deal for Pristine-M plants in WY... yet we've been dancing around a dime for months. Why?
I can't think of many investments with relatively low risk, yet the potential for exponential growth for years to come. When I bought into this stock earlier this year, I would've been happy to see 50 cents. Now, I think only a fool would sell this for ten times that. We know that once the first successful commercial plant is built, the worldwide desire for Pristine-M will snowball... I just don't understand why others can't see its potential right now.
Well, that's all circumstancial, not hard evidence... but it is interesting, and you might be right.
Why would Donald Trump say, "the Dept. of the Treasury will address barriers to the financing of highly efficient overseas coal energy plants?" Certainly that's because they will be using US clean coal technology... possibly ours. It's definitely possible that Poland's Ostroleka C is one of those "highly-efficient coal energy plants" that Trump referenced... The worlds first Pristine-SA "hard coal/biomass" power plant.
Last December, Energa/Enea invited bids to build that plant? Let's hope Kiewit and Leidos got their bids in on time.
Cha-Ching $$ Thank you, President Donald Trump!
"We have more than 250 years' worth of clean, beautiful coal."
"We ended the war on coal."... "We are putting the coal miner's back to work."
"The Dept. of the Treasury will address barriers to the financing of highly efficient overseas coal energy plants. (Poland?)"
"Ukraine already tells us that they need millions and millions of metric tons right now, and there are many other places that need it to, and we want to sell it to them and everyone else all over the globe who needs it."
No direct mention of CCTI or Pristine coal, although he did mention Wyoming.
Nevertheless, I am willing to bet that much of the US coal Trump wants to export will be Pristine... high-energy, dust-free, hydrophobic Pristine-M coal.
Yes, with a carbon tax, Pristine-M coal might be the only economical way to burn coal in the US... at least until other technologies like CTL & CTG are perfected. By that time, Pristine-SA coal should be ready for commercialization and can be used as feed coal in CTL/CTG projects (and for all we know, it might already be).
Additional dilution? So what? At FULL dilution to 500M shares, if just half of the annual WY coal production was upgraded to Pristine-M, this stock would be worth between $3.75 to $22.50 per share, depending on royalty ($1-$3) and P/E (10-20). And that's without foreign licensees.
Yes, clean coal technology is worth billions... and there's not that many patented and proven technologies ready for commercial use.
CCS, CTL, and CTG are great but not ready for primetime. Pristine-M coal can cut carbon emissions by 40% right now.
The first two 1-million ton plants will confirm commercial viability. If they are successful and Pristine-M coal is profitable, expect additional modules to be added and production to be ramped up rapidly, new licensees will sign, and our stock price will snowball for years to come.
Yes, the stars have aligned...
1) New coal-friendly administration.
2) Pristine-M patent acquired.
3) Soffin lawsuit settled.
4) Squire Patton Boggs hired to lobby for federal funds.
5) DOE showing interest.
6) Private funding done.
7) WY move confirmed and two 1 MTPA plants announced.
8) CCTI is hosting "overseas interests from India, Indonesia, Turkey, Australia, and China" at their test plant this summer.
9) POTUS is meeting India's PM Modi at the White House tomorrow. One topic being discussed... "Clean Coal Technologies"
President Trump meets with India's Prime Minister Modi this Monday. One topic to be discussed is "clean coal technologies."
India's Jindal has a long pending deal for a Pristine-M commercial plant which was hindered by the Obama administration.
If Pristine coal or CCTC is mentioned on camera during that conversation this stock could explode.
See White Coal's post# 38841
EOY 2017 $1.00
EOY 2018 $2.50
Of course, I could be wrong... Like a snowball, once we get this coalball rolling, it could grow faster than anyone can imagine.
If these two 1-ton/yr commercial plants are constructed by early 2018, and the upgraded coal sells faster than they can make it, expect the capacity of those modular plants to be quickly upgraded. CCTI gets royalties between $1 to $3/ton processed. Kiewit's Buckskin mine has been mentioned as a likely site for one of the two plants. Buckskin produces 27 million tons per year of coal. If only half is upgraded at $1/ton, that's $13.5M/yr in royalties. If you do that math at the current dilution level, that ADDS roughly $1.80 to our share price from ONE MINE.
What if they upgrade all their coal? What if the royalty is $2/ton?
What if we add in royalties from the second commercial plant? What about Jindal?
What about future deals in the PRB region?
What if we sign deals for plants in India, China, Australia, and Japan?
What if Trump mentions Pristine coal on Monday?
Who knows, but it’s probably wise to long this stock... Once we give it a shove, this coalball could grow exponentially for years to come.
I'm very familiar with Chemical Vapor Deposition...
In a previous life, I prototyped the electronics for WJ CVD systems.
In the semiconductor industry, they are used to deposit thin dielectric layers onto silicon wafers or LCD panels.
CCTI is using the technology for a different purpose; coating the coal with the some of the volatiles extracted during the process. That makes Pristine-M coal dust-free, hydrophobic, and at much less risk to spontaneously combust due to oxidation of the carbon. That's why our dehydration technology will succeed where others have failed... Even if upgrading the coal is barely economical, those unique benefits of Pristine-M coal make it desirable.
"India is hoping to reopen the conversation on clean coal technologies"
Let's hope Jindal's deal with CCTI comes up during the conversation Monday between India's Prime Minister and President Trump.
Can you imagine what would happen to this stock if that deal or Pristine coal is mentioned on camera? $$
Sadly, no... But we'll continue to crawl upwards.
So, what do you think it'll take for the PPS to reflect the value of the company?
An SEC filing showing income/deals?
DOE news?
National media attention?
Another 1:35 RS to put them back on the big boards?
I thought it had been determined that it's a purchase when the price in SEC Form 4 was more than zero/par value?
That should be required reading for CCTC investors. Lots of little known information in that PDF.
Like that fact that the Pristine-M process produces valuable light hydrocarbon "sweetness" that can be blended with crude oil, further reducing the cost of upgrading the coal. And the use of Pristine-SA modules as the front-end to coal-to-gas and coal-to-liquid plants, reducing cleanup costs and allowing the use of cheaper low rank coals.
That's a great idea... We can all meet and watch our money machine in operation.
I only meant things are not as dire as you suggested. We just got an $80M deal to build two commercial plants. Yes, they haven't broke ground yet, but give it some time... Great things are happening; CCTI's rusty gears have just been greased are finally beginning to turn. It's a great time to be a CCTC investor; $10K invested now might make you a millionaire within 5 years... But what do I know?
Two days now, extremely low trading volume @40K.
Buyers and sellers are in wait-n-see mode.
An SEC filing could really get this ball rolling... Maybe Eves or Neary should buy a few more shares to boost confidence levels?
Forget their history and assume for one minute that you're wrong about everything... WNEC, CCTI, and Eves. The latest press releases are 100% accurate and truthful, that Pristine-M coal is economical, and both plants are up and operational by next summer... What are your price predictions?
I feel bad for those that lost their shirt on this over the years. I can see why they're skeptical.
However, for those of us who got in low, the potential upside is well worth the risk.
Are you kidding me? Bring home the bacon right now or they're toast? Not hardly.
Try not to get discouraged because of our aborted lift-off... You can't turn 113M shares on a dime. It'll take some time.
Play the long game... If the two 1-ton plants are successful, where will we be in 1 year? 3 years? 5 years?
Right now, we're the only game in town (i.e. patented, proven, economical, ready for commercialization), so these licensing deals should grow exponentially.
Honestly, when I invested in this stock a few months ago, I intended to hold it for only 1 year. But I have become increasingly convinced that within 2-3 years this will be a $5 stock without reverse-splits and at FULL dilution to 500M shares! Yes, I know that's funny to some, so I won't tell you what I believe it'll be worth in 10 years. You might die laughing.
We already know the process works, so it really just comes down to three questions...
1) Is it economical?
2) How strongly will our IP be protected around the world?
3) Will coal die a quick death or a slow lingering one?
Cartman might add one more, 4) Can the management be trusted?
So, Prime minister Turnbull now wants to replace coal with "new coal" ... Hmm, I might know where he can find some.
Thanks WC for your posts... That pdf looks informative. I'll have to read it later when I have more time.
What's up with the extremely low volume today? Only 40K traded, and we're back to 11 cents.
Very strange considering the recent news. No one is buying, but no one is selling either.
It might be time for CCTC to raise their profile with some advertising. I'm still advocating throwing up billboards around WA state. The environmentalists here hate coal. If WY & MT ever want the shipping ports to open up to PRB coal, they need to convince the tree huggers that clean coal does exist. Hey, that'd make a great billboard tagline... "Dust-Free Clean Coal... It DOES Exist."