Clean Coal Technologies, Inc. (OTCMKTS:CCTC) Gets a $90 Thousand Weekend Pump
This weekend saw a new batch of promotional emails dispatched for Clean Coal Technologies, Inc. (OTCMKTS:CCTC). The pump is headed by the Stock Mister, who got the lion’s share among promoters.
The situation with CCTC is far from rosy, yet, promoters came up with a so-called ‘technical setup’ that was supposed to sent the price sky-high. If anything, what may send the price up is the coordinated round of pumping, with Stock Mister disclosing $90 thousand paid for a 2-day promo run, with other promoters pocketing a further $35 thousand to advertise CCTC.
The company has not come up with any recent press announcements except public filings. Yet, the pumpers are pulling out so-called ‘news’ that CCTC is currently in negotiations with a major player in the U.S. power industry. This is anything but news, as it has been circulated by the company since mid-2012 and the stock chart and filings show how far that has gone.
According to their latest public filing, a 10-Q for the period ended March 2013, CCTC had the following numbers to show:
- $244 thousand in cash
- zero revenues
- $1.2 million in quarterly net loss
- $210 million in total accumulated deficit
The company has a scaled-down version of its plant under construction, as part of a joint venture, and expects losses to increase in this quarter. The anticipated date of commissioning of the pilot plant is set around Q3 of 2013. Once again, a press release from mid-2012 claimed that the same pilot plant was expected to be successfully commissioned by the end of 2012, making it unclear how long the company can draw out its promises.
The Stock Mister, pocketing $90 thousand for his two-day pump profile on CCTC, previously advertised stocks that ended up chewing through more than a few investor dollars as they crashed. In mid-April the same promoter ran a pump on Helmer Directional Drilling Corp. (OTCMKTS:EXLAE), bagging $39 thousand in the process. Much to the the displeasure of all Stock Mister subscribers who bought the hype, EXLA went to crash horribly in the next days, never getting a chance to run. The stock currently had an E appended to its symbol, to denote delinquency in filings and is currently flagged as a Pink Limited Info enterprise, trading at $0.001 per share.
With the current full-blown round of promotional touts for CCTC, traders are advised to be extra cautions before they make an investment decision regarding this one.
