Clean Coal Technologies Inc (OTCMKTS:CCTC) just restructured their stock and a signed letter of intent signed with a leading U.S. corporation (rumored to be General Electric) that intends to invest $6 million in the Company to fully fund, design, engineer and deploy CCTC’s patented technology around the world. The agreement will also result in the investor acquiring the current convertible notes outstanding with Black Diamond Financial Group. In exchange, CCTC will issue 70% of its equity to the investor. That is why we’ve seen the stock start to trade higher on heavy volume at end of September. Clearly, the firm receiving 70% of the equity of CCTC has an interest in and expect that the stock will trade significantly higher.
CCTC is a clean energy company utilizing patented technology to convert untreated coal into a cleaner burning and more efficient fuel. The Company is in a very interesting position. Its products, including “Pristine™” coals, have been shown to be more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. This clean coal technology has the potential to reduce some 90% of chemical pollutants from coal, including sulfur and mercury, thereby resolving emissions issues affecting coal-fired power plants.
The stock was trading at $3 back in early 2012. The renewable-energy industry won lucrative U.S. subsidies years ago but immediately snapped into inaction. Advocates had lobbied hard for the revival or extension of clean energy federal tax credits that came in December. The industry’s windfall hasn’t spurred tremendous growth. In some cases, the renewal of the credits actually prompted a sudden slowdown in growth.
CCTC’s President and CEO is Robin Eves. On the conference call on June 23, 2016, he stated that “longs would be rewarded,” pending further details. Those details have now come to light. On August 26, 2016, CCTC filed a “Schedule 14A Information Proxy Statement” to seek approval from the majority of shareholders to increase the authorized common share capital of the company from 150,000,000 common shares to 500,000,000 common shares. Unfortunately, as a result of the dilution of the stock and the lack of follow through on the tax subsidies, we’ve seen CCTC come down to only $0.10 a share.
But, there are new developments which have potential. CCTC announced that it had entered into a binding Letter of Intent with an entity on behalf of a leading U.S. corporation (again, rumored to be General Electric). Under the terms of the agreement, the investor will reserve up to $6 million that will be advanced to CCTC upon signing a definitive agreement as working capital in order to fully fund, design, engineer and deploy CCTC’s patented technology around the world.
Robin Eves, President and CEO said, “In order to truly maximize the return on our technology CCTI requires an organization with a global footprint as well as a deep understanding of the energy markets. We believe this new investor will enable us to move the company swiftly and seamlessly into the final stages of our business plan, completing the building, deployment, and commercialization of our patented and recently-proven technology.”
“Through this agreement, CCTC is now in the position to play a significant role in providing a more efficient and cleaner energy solution economically to millions of consumers around the world, while maximizing shareholder value. Black Diamond Financial Group will remain a stakeholder in the company but we are entering into a period where the depth and breadth of our new strategic partner can facilitate the commercial construction of our technology on an accelerated timetable.”
The global clean coal technology market is anticipated to grow significantly. The growth in the global clean coal technology markets is mainly driven by the ever-increasing demand for reliable and clean power generation technology coupled with rapid urbanization and industrialization growth. Furthermore, supportive policies and norms to increase expenditure on environment safety, fuel cost savings and technological advancement in the existing as well as new plants as anticipated to accelerate the growth in the global clean coal technology market. The only factor to act as a restraint in the global clean coal technology market is the high cost of the installation of clean coal technology plants. Government policies, regulations and laws are encouraging the manufacture of large-scale, coal-fired plants with higher efficiency, lower water consumption and low emission controls are expected to accelerate the growth of global clean coal technology market.
Coal combustion residuals (CCRs), commonly known as coal ash, are byproducts of the combustion of coal at power plants by electric utilities and independent power producers. The EPA Administrator, Gina McCarthy, signed the Disposal of Coal Combustion Residuals from Electric Utilities final rule, regulating CCRs. After some legal wrangling, this rule will become effective October 4, 2016. As a result, there probably has never been a more opportune time to buy into CCTC.
Full Article here: http://www.insiderfinancial.com/clean-coal-technologies-inc-otcmktscctc-a-play-on-clean-energy/117054/