Clean Coal Technologies Inc (OTCMKTS:CCTC) Crashing

[[tagnumber 0]][[tagnumber 1]]The past month went rather well for the stock of Clean Coal Technologies Inc (OTCMKTS:CCTC) and we even saw the ticker climb in the second half, prompting the thought that it might reach the $1 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The volumes were quite small and things looked pretty decent for [[tagnumber 6]]CCTC.[[tagnumber 7]] The company issued several press releases during November and they seem to have worked out good for the price of the ticker. Unfortunately, the situation with the company’s latest financial filing isn’t that rosy. It covers the fiscal 2014 and contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $1 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $7.1 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $7.57 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Truly, those are some pretty terrible numbers even for an OTC marketplace listed entity. It is a miracle that [[tagnumber 6]]CCTC[[tagnumber 7]] is still able to sustain a market cap of over $30 million, given the fact that those sad financials are what investors can work with. The fact that they are almost a year old just puts more pressure on the stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This might be the exact reason for the recent correction. Yesterday we saw [[tagnumber 6]]CCTC[[tagnumber 7]] slide 13.48% down the charts and close at $0.77, while a total of 171 thousand traded shares generated $133 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session is going even worse. [[tagnumber 6]]CCTC[[tagnumber 7]] has already lost 14.29% as of the writing of this article and the amount of traded shares is more than two times that of yesterday and four times the thirty day average. Things aren’t looking very bright for [[tagnumber 6]]CCTC[[tagnumber 7]] so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]