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cjeff

10/08/12 5:13 PM

#31662 RE: sjames41 #31661

CCTI has stated numerous times they are not interested in a buyout of the technology or the company. Ignacio did an excellent explanation as to why on the last conference call, I'd recommend you listen to it.

Also, Jindal and Archean are not small peanuts either. Both are multi-billion dollar corporations.


Anyone see the 510k BID at $0.0415 today? The technicals are looking very bullish for a move up soon.
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robertcowdog

10/08/12 5:15 PM

#31663 RE: sjames41 #31661

Not to mention previous management deflected trust with the failures and shaky market awareness practices.LOL shakerzzz
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asegal1228

10/08/12 5:16 PM

#31664 RE: sjames41 #31661

I agree wholeheartedly,

One of the biggest questions that I think enthusiasts of this supposed technology ought to ask themselves is why there is no domestic interest especially with the "war on coal" that we have seen recently.

I would think that if there were even a remote chance that it would work you would have seen the major players such as Peabody Energy or Arch Coal buying the patents or at minimum showing interest.

I have had the pleasure of working with a number of the top dogs in the mining industry over the years who I have in sorts picked their brains on the viability of this supposed technology. I was informed on more than one occasion that these claims were merely "pipe dreams" and "laughable".

"Clean coal" technologies are a dime a dozen imo and have been around for nearly 100 years.

I witnessed firsthand the popular syn-fuel scam as it was implemented at an underground coal mine here in Colorado back in 2008. They actually sprayed this coating that looked and smelled very much like Elmers glue on the coal and it was supposed to keep the "harmful byproducts" of the coal as it was burned from getting into the atmosphere. What was really funny about it other than the obvious is that when I inquired of the Syn-fuel plant manager as to what exactly happened to the "harmful byproducts" and how exactly this technology worked, he was unable to give me a straight answer. Thankfully this scam was finally abandoned but not before this company received millions and millions in tax and pollution credits from the government, which they would turn around and sell to the highest bidder.

Oh well, At least this dog and pony show provides entertainment value, lol.

jmho