exactly. some of these people have had these restricted shares for 12 years supposedly. Now they are all bailing. This is a real company. In Nov. of 2008 it was trading at over $7.00.
Clean Coal Technologies, Inc. (CCTC.PK) owns a patented technology that it believes will provide clean energy at low costs through the use of the world’s most abundant fossil fuel, coal. The company’s technology is designed to utilize controlled heat to extract and capture pollutants and moisture from low-rank coal, transforming it into a clean-burning, more energy-efficient fuel, prior to combustion. The proprietary coal cleaning process is designed to ensure that the carbon in coal maintains its structural integrity during the heating process while the volatile matter within the coal turns into a gaseous state and is removed from the coal. The process is useful in a variety of applications, including coal-fired power stations, chemical by-product extraction, and as a source fuel for coal to liquid technologies. Clean Coal Technologies, Inc.’s patent information is available at http://assignments.uspto.gov/assignments/q?db=pat&pat=6447559 . The company’s scientific partner in the commercialization of the company’s technology is Science Applications International Corporation (SAIC), and their wholly owned subsidiary, Benham Companies, LLC. SAIC is a $10.1 billion annual revenue company with 45,000 employees, which over 6,000 are engineers. The company has a contract that provides for the engineering design, procurement and construction of the initial plant in China and other countries. SAIC has experience doing business in almost every country in the world. For more information on SAIC, go to the company website at: http://www.SAIC.com; information on Clean Coal Technologies, Inc., go to: http://www.CleanCoalTechnologiesInc.com
On December 2, 2008 the company signed a 30-year joint venture agreement with the Sino-Mongolia International Railroad Systems, Co. Ltd. of the Inner Mongolia Autonomous Region, PRC. The Railroad company contributes all the capital for the joint venture and the company contributes its technology. The railroad has a 75% ownership stake, and the company a 25% ownership in the joint venture. The joint venture partner has a $6,000,000,000 line-of-credit for the project, and since the project has began, has spent $200,000,000. The joint venture is building an initial plant with an annual capacity of 1.5 million tons to supply clean coal for a newly constructed power station. Thereafter, production is estimated to be increased, over a 10 year period, to a total capacity of 80 million tons annually, the majority of which will be used as feed stock for coal-to-liquid production. Production is projected to commence by the summer of 2011. Overall, the Projected Net Income for this project, before any distributions to any partners is as follows: 2012- $5,100,000; 2013- $34,613,000; 2014- $166,321,000; 2015- $251,461,000; 2016- $339,928,000; 2017- $426,375,000; 2018- $443,709,000; and 2019- $452,239,000. Clean Coal Technologies, Inc. would generate cash flow equal to 25% of these figures plus 2 ½% of the gross revenue from the liquids part of the business.
I would guess that only 17mm shares have traded since the drop. that is not a lot of shares. the AS is still at 600mm and the last OS numbers i could find were at appx 400mm so if they would share some info that would be a great thing for share holders. its still a heck of a pinch and with any real substancial information it could do us all well.
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