There are two companies involved here... so far.
Geotec (GETC) was listed as a bb company until about a year ago, when their filings became delayed. Now they're pink-sheeted. So we do not know exactly what they've accomplished in the last year.
But they have started filing again... and via an 8k we find that they now own Richcorp (previously private) who developed the coal cleaning processes.
New accountants signed up a few months ago. So I would expect to see audited financials filed in the near future that disclose what's been accomplished in the past year and return them to bb status.
A few weeks ago, Geotec shareholders were invited to attend a demonstration of the cleaning process at a site in Pennsylvania.
Pennsylvania, alone, has 250,000 acres of contaminated coal sites that can be cleaned and decontaminated using this process resulting in many millions of tons of cheap, clean coal that was previously an environmental nightmare.
In addition, the sites become clean, saleable and environmentally friendly.
With my fingers crossed I hope to see all of this revealed in announcements and filings that are about to appear. What I've described is contained in their announcements, disclosures and web sites.
Expensive, you ask. I don't think so. I expect to see that whatever is required is already there.
Win a few. Lose a few.
Only the long term counts.
