Thursday, January 26, 2012 9:27:29 AM
If and when Jindal ever advances money to cover CCTC's funding obligations, it will for certain be guaranteed by the appropriate number shares of CCTC common stock. The massive selloff that you saw yesterday was just the tip of the iceberg. If history repeats itself and it has always tended to do so with this company, then I would look for delay upon delay upon delay. The Sino-Mongolian joint veture partnership was virtually identical to the Jindal deal but it never got off the ground because of endless delays. But in the mean time it was the carrot that CCTC's management dangled in front of hopeful investors for years as they sold off large chunks of their common stock to pay their bloated salaries. The Jindal joint venture is just another carrot in the ten year long fiasco toward a $175M deficit that now exists. If CCTC really had something that was commercially viable it would have already been utilized by someone a long time ago.
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