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You're still here because given the right news, CCTC could break its all-time high market cap once measured with a B.
"Soon" as in if you blink, you might miss it!
Darn, you blinked!
Yep, and we'll be back over a dime soon!!
"It is clearly stated that nothing alleged is untrue."
NO, that is not what it said. It said based on legal precedent, the court is not permitted to weigh the merits of the complaint when considering any motion to dismiss any case. Therefore, until proven otherwise, the court must assume the allegations are true and render a decision based on other factors.
As a reminder, here's how the judge decided...
Accordingly, it is ORDERED that Sandoval's motion to dismiss the AC is granted and the Clerk is directed to enter judgment dismissing the action. 7/7/2020
JENNIFER G. SCHECTER, J.S.C.
No, that figure was accurate, but misleading, so they pulled the video. Black Diamond was/is trying to raise $250M in financing backed by their gold mines. Of those funds, CCTC was to receive two tranches of $2.5M each which would cover construction and testing operations. I understand that some of that $250M would be allocated to Wyoming New Power and their planned 2-MTPA Pristine-M plant. As Aiden said, "It is all interconnected." He also confirmed there has been progress with the funding, but he couldn't include it in the 10k until it has officially closed. That's probably why they haven't set a date yet for the annual shareholders' meeting... They must be *very* close. It wouldn't make sense to delay it otherwise.
Yes, I suspect many shareholders have lost faith and are moving on to greener pastures.
I have diamond hands, but even I've stopped adding CCTC. AMC to the moon... Ha!
Nevertheless, I'm optimistic and waiting patiently. I really do believe progress is being made behind the scenes and we'll see a flood of good news by summer.
Well, there's still enough shares available to coast for a while before asking shareholders for an increase.
Unless things have changed, the UW will need access to our kiln to extract byproducts for their research next door at ACPIC/WIC...
This would be a great time for the state to come to the rescue with that "long term commercial loan worth Many Million$ of Dollar$."
CCTC was diluted by half in one year.
However, based on dilution alone, we should be trading at 3.5¢... or even higher since CCTC was gifted a $1.2M custom-built rotary kiln last August. Obviously, CCTC is severely undervalued. Once construction begins in June, I expect we'll bounce back faster than a rubber check from Eves.
4/16/21 0.009 - 369M S/O
4/16/20 0.069 - 181M S/O
It's possible they might have to give up half of CCTC to secure serious funding. That would likely mean an increase to 1B authorized shares. At the same time they could do a 1-for-100 reverse split, bringing the total A/S down to 10M. If that were done today, it would boost our pps to 99¢ with 3.57M O/S out of 10M authorized.
While none of us want more dilution, if it truly secures funding through commercialization, I'd begrudgingly vote for the increase in A/S and a RS. Any immediate pain we feel would soon be forgotten when our shiny new test plant is processing 500-ton shipments of foreign coal.
It's also possible that none of this will be necessary.
Black Diamond, or the investors working through them, almost certainly already owns controlling shares of CCTC. If BD secures funding for their own projects, which includes WNP, then test plant construction funding is assured and CCTC will skyrocket.
Yep, we'll just have to wait and see.
At this point, it really wouldn't surprise me if they want shareholders to approve an increase in A/S possibly masked in a 1:100 reverse split.
I suspect this year's virtual shareholder meeting has been delayed because they hope to have an announcement soon.
According to Mr. Neary, there has been progress towards funding that he could not include in the 10k until it is officially closed.
Who knows? That funding deal might require a vote from shareholders.
Just be happy that WNP is still involved and now has some skin in the game beyond their small deposit. Not long ago you were skeptical.
"I’ve been saying since 2018 that the plant won’t be reassembled until there’s a reason to reassemble it."
Well, that's true... and construction on ECED's innovation center gives CCTI a pretty good reason to get off their asses and grab a hammer. Dr. Horner needs his lab finished to do coal byproduct monetization and will probably be nursing his baby next door (our extraction kiln).
Yes, that debt seems daunting... until you realize that once clients sign, CCTC could pay that off with the first year's royalties. Standard royalties rates are $3M per million tons processed. Of course, Jindal and WNP will get discounts.
ICYMI: Clean Coal Technologies (CCTC) Announces Partnership with ECED in Gillette, WY
September 10, 2020 Press Release:
"We are very proud to announce that CCTI has formally signed an MOU with Energy Capital Economic Development ("ECED") who are the owner and operator of the Wyoming Innovation Center based at the Fort Union location in Gillette, Wyoming" said Aiden Neary, CCTI, COO. "This partnership will provide us with infrastructural support when necessary as we advance our first of a kind technology at our Fort Union location. The Innovation Center is a very unique initiative and reflects the continued support by Wyoming in advancing the use of Wyoming PRB coal through technology"
"With the arrival of our $1.3m Rotary Kiln at our site last month this partnership will provide our ability to supply processed coal feedstock to other businesses in the Industrial park and enable us to share infrastructure as we move towards being fully operational at our new facility" concluded Neary.
That's true. Construction on the innovation center will probably be a big local story over the next few months. CCTC needs to capitalize on all of the attention that'll bring by installing a large sign:
Dust-free coal coming soon!
Ride the million dollar kiln to the moon!
Get your tickets now! Only 1¢!
Do you mean at the top of the site plan where there appears to be a road to the left of our slab that previously didn't exist?
Digging utility trenches would result in those long dirt piles.
Unbelievable. 5.5M shares of CCTC traded this week, but only 89k today... that's just 1.6% of this week's volume.
Strange that there's always a buyer ready to pounce when they see these large dumps, then the volume dries up and no one seems interested in CCTC at a 3.37% discount. I still say that's Black Diamond or a related party. They know when these shares are converted by note holders and are ready to scoop them up. After all, if they are serious with their plans for clean coal and Wyoming New Power, they know what'll happen to CCTC when their plans are put into motion.
That's great news! Thanks White Coal. I believe delays in ACPIC/WIC construction may have been holding up the release of rebuild funding from BD to CCTI. Call it a hunch.
While CCTI's final commercial design could be self-powered, burning extracted byproducts to power the process, that certainly won't be the case with test plant 2.0. Lucky for us utilities will be installed for ACPIC/WIC which include electric, gas, and water (well) as well as a septic system and holding tanks. Who wants to bet that we'll need to tap off of those? That's probably part of CCTI's partnership with ECED... which hopefully includes a small broom closet/office for our boys.
Yeah, but the problem is BD could continue to delay the rebuild funding while convertible notes mature forcing further dilution as CCTC issues large blocks of converted shares for BD to scoop up.
I don't have any hard evidence that BD is acquiring those shares, but it seems more than likely given their stake in WNP. Some days it seems like no one is interested in CCTC, then there's a sudden enormous dump that somehow finds a buyer (e.g. 4.4% of total O/S were traded on Dec 11th.)… Who else could it be? I don't think it's retail investors.
On the bright side, BD's ever increasing stake along with their involvement with Wyoming New Power could mean brighter days are ahead for Clean Coal.
For better or worse, it appears we are at the mercy of Black Diamond Financial.
As we know, the test plant construction will be financed through them, not to mention WNP.
Over the past couple of years I've been keeping a log of our daily price action along with notable events, PR, O/S increases, etc. I find it interesting that we can be trading with anemic volume when apparently converted shares are dumped into the market and immediately scooped up. For example,
3/23/21 Tue EOD - 0.0099 0% Vol:260k L:0.0098 H:0.0103 o:0.0098
3/24/21 Wed EOD - 0.0100 +1% Vol:4.87M L:0.0099 H:0.0103 o:0.00996
3/25/21 Thu EOD - 0.0100 0% Vol:622k L:0.0095 H:0.0103 o:0.0100
10-k is out! Rebuild complete by Q3.
About the only good news I see here is that Wyoming New Power hasn't given up on CCTC just yet...
Last month, WNP loaned them $150k to help this snail crawl over the finish line.
Why would I want to do that? I feel pretty confident about where we're headed, and I'd like a chance to accumulate a few more shares before it becomes a meme stock.
If your lips were any looser, you'd have a hook in 'em.
No, CCTC didn't pay deposits... Both Jindal Steel & Power and Wyoming New Power paid CCTC deposits on commercial license agreements for CCTC's technology. The license agreements won't be finalized until CCTC completes construction on their second generation coal upgrade facility and tests client coal. The University of Wyoming assisted in the redesign of the test plant which included a rotary kiln to lower costs and enable automatic extraction of valuable byproducts including rare earth minerals.
CCTC once had a $1B+ market cap! But, investors soon realized clean coal wasn't ready for primetime.
Fast-forward a decade and we're nearing commercialization which should happen this year!
CCTC's dust-free clean coal technology has already been proven at their 1/15th-scale pilot plant in Oklahoma. Their various Pristine technologies are patented in 3-dozen countries around the world and will be in high demand once proven economically viable on a large scale. This technology upgrades cheap low quality coal to a higher-energy cleaner-burning product with the bonus of being dust-free. Less coal will need to be transported and burned, resulting in a cleaner planet.
Construction on their final Pristine-M 2.0 test plant in Wyoming is expected to resume soon. The University of Wyoming's prestigious School of Energy Resources felt so strongly about this technology and the positive impact it'll have on Wyoming's struggling coal industry that they gifted a custom-built $1.3M rotary kiln to CCTC last year. Once the plant is finished, 500-ton shipments of coal will be tested from potential customers around the globe. Oh, and did I mention that the new design allows for extraction of valuable byproducts which could include vital rare-earth minerals that we currently source from China?
We are all hoping and praying the first two clients sign commercial license agreements this year (they've already paid deposits). After that, I expect CCTC will snowball over the next couple of years... and we'll be talking dollars, not cents.
$$ Cha-Ching $$
P.S. If Reddit gets wind of this stock, the sky is the limit!
Schwab allows free trades of OTC stocks. I also use Merrill Lynch and TD Ameritrade, but Schwab is the only one that hasn't given me grief with trading penny stocks and certain other volatile stocks such as GME and AMC.
Nope, just been holding my breath while I wait for the greatest day in CCTC history. I hear it's coming soon.
August of this year???
Big dump of imaginary foreign coal for testing at our imaginary test plant?
Better question, how fast will we hit 0.05 once receipt of the first tranche of funding is announced?
I fully expect that to happen someday... soon.