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I realize that confirmation that things are still on track can seem like big news to some when the stock is in an apparent death spiral, an interview was pulled, and not a tweet out of them for two months.
Management really should do a better job of communicating with shareholders. It shouldn't take an email to get an update. All we need is an occasional tweet to let us know they are still alive and kicking.
There is much to be optimistic about.
https://www.scotusblog.com/case-files/cases/montana-and-wyoming-v-washington/
"It is all interconnected."
"very soon"
That adjective makes all the difference, don't you think?
In the words of the great Aiden Neary,
"Fret not, the funding has absolutely not fallen through..."
T-minus 29 and counting...
$$$
What a great time to be a CCTC investor!
T-minus 30 and counting...
I need to buy MORE! $$$
What, you think I was comparing Neary to a horse?
No, the horse's mouth belongs to someone at ATLAS.
It's sad so few here have done their DD.
Nice find WhiteCoal! That fits in with what I know about ATLAS. I've been hinting at the possible ATLAS connection for a couple of years now. They are definitely interested in using Pristine byproducts for their activated carbon. I got that straight from the horse's mouth. Rather than lease their own lot, CCTI wound up leasing a piece of ATLAS property for their test plant. Besides the cost savings, I suspect this had the added benefit of circumventing certain necessary permits since ATLAS already had them. ATLAS also has the coal handling and crushing equipment.
BTW, Continental Research and Engineering wasn't the only one involved in the kiln construction.
The metal plaque on the side of the kiln says, Heyl Patterson Thermal Processing.
Living under a rock? No, ending fossil fuels is what HE says he wants...
https://www.atr.org/joe-biden-we-are-going-get-rid-fossil-fuels
I could go on and on, linking countless clips and articles, but it would be pointless.
Not even funny, especially considering the impact C19 has already had on the company.
I've been told virus related deaths are directly responsible for the funding delays and dilution we've seen this year.
You're right, we won't stop at 16¢... but that seems about right once the plant is reassembled and we begin testing coal. Depending on the success of those tests, not to mention who is contracting them, CCTC could either skyrocket or crash and burn.
Penny stocks are notoriously hard to predict because they are so easy to manipulate, but I expect we'll see 3 pennies within a week of the funding announcement. Construction activity should get us back to a nickel with steady increases as progress continues.
Not sure what's holding up the funding announcement. The money is going to Black Diamond, then CCTI will receive their $2.5M.
With B's comments about ending fossil fuels and reaching ZERO emissions by 2025, it's possible BD has become skittish and is waiting for the election results. If so, we have just 8 days to go... plus two months of court battles, recounts, and fiery riots before a definitive winner is declared.
Then I expect this incredible buying opportunity will continue for a little while longer.
Not sure exactly who this "penny stock trading scam" is enriching. Please elaborate.
No financing news does not mean no financing. Please be patient. There are third parties involved and large international transfers are often delayed due to AML measures. The 10Q hits in less than 3 weeks. We'll certainly have news by then.
I'll remind everyone that the last time CCTC received funding, $1.5M in 3 tranches for construction of the original test plant in 2015, CCTC increased in value more than tenfold over a six month period... from 8.3¢ on 4/2/15 to 88¢ on 10/2/15. Once we adjust for the significant dilution since 2015, O/S: 60M-->318M, we have 16.6¢. That sounds about right to me once the test plant is rebuilt and we're testing coal from likely customers, hopefully Q2 2021. $$$
Don't be too sure of that... CEO Eves did not misspeak in that paid-for promo last month, but it was misleading, so it was pulled.
VVictor13 had it right (post #58889) and so did Dig_it in his reply (post #58891).
Aiden says, "It is all interconnected."
$$$ Cha-Ching $$$
Well, at least he hasn't used "impending" ... yet.
What excites me most is whom will be the "net receiver" of BD's funds, part of the larger deal Eves referenced... begins with Wyoming.
As of late last week, Aiden assured me that "the funding has absolutely not fallen through" and "we are told it is imminent."
He also said their ECED partnership is already developing some real meat on the bone, but provided no specifics. Energy Capital Economic Development is behind the Wyoming Innovation Center (WIC, aka ACPIC) to be built next to our test plant.
First it was "soon," then "very soon," and is now "imminent."
So, I'm expecting that funding announcement literally any minute now... {stares at watch}
That would be a mistake. I suggest you try to hold out a little longer... At this point, what do you have to lose?
No, not just "soon" … "very soon."
I other words... sometime this year.
Not sure it really matters at this point... Without that rebuild funding we're dead in the water.
However, Aiden has assured me that he is doing everything possible to minimize any further dilution.
If it's true won't you tell me here?
I Heard It Through The Grapevine
I've been "Standing by" so long my legs hurt.
At least the dumping appears to be over for now. O/S only increased by 7M to 318M shares. That last toxic note could've sent us to over 350Msh... Might the dumping have been curtailed because the check is in the mail? Last I heard, the funding was due "very soon," so I'm cautiously optimistic that we'll get a PR next week.
Whether next week or next month, $2.5M in rebuild funding will be a shot in the arm to our trauma patient... which just might be poised for a little run! $$$
Yeah, maybe our goal posts have been lowered a little, but admit it... even you'd be dancing in the limbo line if we hit a dime.
Yep, I know it seems like another year wasted, but I expect our fortunes to change quickly once the dumping is done and the funding is received.
You don't have to be a market wiz to see the decline in our pps has outpaced the dilution. In the past 6 months, we've seen O/S increase from 181Msh to 311Msh, possibly reaching 350Msh by the end of this week once we shed the last of these toxic shares. Given the level of dilution, common sense would indicate CCTC should be trading between 3-4¢, or even higher when you factor in the recent gift of a durable asset worth $1.3M... and that's as we stand now; plant in ruins with no rebuild funding. Yet, we've seen a 90% decline in share price since April, from 7¢ to 0.7¢.
What do you think is going to happen once the dumping stops and the receipt of the new funding is announced? What happens when that funding is reflected in the financials? What happens when the construction begins? What happens when the greater picture finally comes into focus? What happens when we begin to climb out of this hole, posting healthy daily gains? How long will it take for serious investors to notice?
I feel that CCTC is so undervalued right now that it greatly increases the odds of a major run given some good news. In fact, it would not surprise me if we overshoot our 52wk high by a good margin.
Don’t listen to me… Only a fool takes investment advice from an anonymous poster in the forums. Do your own DD... then get excited! $$$
Yes, they were funded through commercialization... until something tragic happened. Part of the background story I mentioned. I remember CEO Eves made a brief reference to possibly loosing the London investors in that garbled shareholder phone call a few months back, but Aiden filled in some blanks.
Please be patient... An international transfer of millions of dollars takes time. The first tranche of $2.5M should be plenty to get the plant assembled and right this sinking ship. The larger amount Eves mentioned never made sense for CCTI in the first place... Hmmm, so why did he mention it?
Nothing laughable about it. I believe management when they say it WILL happen.
There were legitimate reasons for the delay in funding that involve third parties.
I am well aware of that. What excited me was confirmation of what was already said. Read into that what you will. $$$
I want to make it clear that if you shoot Aiden an email, you'll simply get confirmation of what has already been publicly disclosed, and possibly some background info that you might've missed. I will not disclose private communications, other than to say the rebuild funding is apparently imminent, the timing of which is outside their control.
Imagine CCTC is on a bungee cord...
Once these toxic shares are flushed and rebuild funding is secured (next week, maybe?), this brief drop to the bowels of Hell will be a distant memory.
Honestly, I'm not worried at all. In fact, I'm feeling pretty good right now... It must be those pain killers kicking in. (j/k)
Yes, to the Moon and beyond! Mars maybe? Hopefully not Uranus... that only leads to more dumping and flushing.
I believe its coming... Things are NOT as dire as they appear.
We just need to shed this last round of toxic debt, so maybe in a week or so.