GOING CONCERN: CCTC
Will they raise $
as with many other companies...
From most recent 10-Q
*
Clean Coal has an accumulated deficit and a working capital deficit as of September 30, 2009 with NO REVENUES anticipated for the near term. Management BELIEVES Clean Coal will need to RAISE CAPITAL in order to operate over the next 12 months. As shown in the accompanying financial statements, Clean Coal has also incurred SIGNIFICANT LOSSES since inception. Clean Coal’s continuation as a going concern is DEPENDENT upon its ability to generate sufficient cash flow to meet its obligations on a timely basis and ultimately to attain profitability.
*Clean Coal has limited capital with which to pursue its business plan. There can be no assurance that Clean Coal’s future operations will be significant and profitable, or that Clean Coal will have sufficient resources to meet its objectives.
* Management may pursue either debt or equity financing or a combination of both, in order to raise sufficient capital to meet Clean Coal’s financial requirements over the next twelve months and to fund its business plan. There is no assurance that management will be successful in raising additional funds.
"We also recently began working with another technology development company to evaluate their fuel-to-liquid technology as a precursor to a potential joint marketing agreement,
BUT!!!!
however, these discussions have not progressed and are currently on hold."
**Also, some sort of financing will or should end up happening though management cant guarantee it
CCTC
**does not anticipate any significant revenues for approximately twenty-four months (from 10-q)
EXPENSES (think CCTC will need $$?)
Operating Expenses:
Our operating expenses for the three and nine months ended September 30, 2009 totaled $5,597,258 and $16,644,896 respectively, compared to $22,612,109 and $93,530,976, respectively, for the same periods in the prior year
The agreement provided for us to compensate Cappello Capital through warrants with an exercise price of $0.05 per share to purchase up to 5% of the Company on a fully diluted basis, with 2% of the warrants being due at the time of the signing of the agreement.
***Our technology has not yet been installed in an operating commercial facility and we anticipate it will be a minimum of 12 to 18 months until the first operational plant to be constructed with the Sino-Mongolia International Railroad Systems, Co. Ltd. of Inner Mongolia Autonomous Region, PRC (SMIRSC) our Chinese joint venture partner, is completed.
seems like they may be subcontractors
Our engineering consultant, Benham Companies, LLC (“Benham) has tentatively estimated construction costs for each one million short ton coal cleaning facility of approximately $150 million (excluding land costs). We are in discussions with several interested parties who may fund some or all of the estimated costs but have no definitive agreements in place.
from yahoo mb
AI
