CCTC is a total scam, this run is nothing more than the insiders attempt to run the stock up so they can unload shares on retail investors thinking this is going to the moon IMO. Read in the 10Q.
Quoted from the 10Q.
We have experienced large net losses, have little liquidity and need to obtain funds for operations or we may not be able to continue.
We have a net loss of $148,458,165 since inception. The net losses to date include large non-cash expenses recorded for share-based compensation for consultants and officer compensation.
THEY DON'T SAY???? LOOK AT ALL THIS DILUTION!!!! Notice the CEO got 5 MILLION SHARES ON DEC 21, 2009. NOTICE THE HUGE DROP SHORTY AFTER? DUMPING NO DOUBT.
On November 1, 2007, Clean Coal entered into an employment agreement with its President and Chief Executive Officer whereby the President and Chief Executive Officer is entitled to a stock bonus of 15,404,549 common shares. The stock is to be awarded as follows: 33% on December 31, 2008, 33% on December 31, 2009 and 33% on December 31, 2010
MORE DILUTION!!!!
Between May 14 and September 4, 2009, Clean Coal borrowed $18,500 from an unrelated third party. The loans bear interest at 10% per annum and mature between May 13 and September 3, 2010. One year from the date of the loans, the principal and accrued interest become convertible into common shares of Clean Coal at 50% of the market price of Clean Coal’s common stock on the conversion date.
On February 19, 2009, Clean Coal issued an aggregate of 8,814,483 common shares for the cashless exercise of 8,918,183 common stock warrants.
Between January and March 2009, Clean Coal issued a total of 716,666 common shares for services valued at $1,789,163.
On September 4, 2009, Clean Coal issued 6,311 common shares to repay related party debt and accrued interest of $14,578.
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