Clean Coal Technologies Inc. (OTCMKTS:CCTC) Makes A Move Up
Clean Coal Technologies Inc. (OTCMKTS:CCTC) added 22.24% to its market cap in a session of restless and unstoppable climbing yesterday. However, that seems to have come to an end, and today’s red opening hints that the ticker may be in for a tumble before the session is done.
Such a turn of events wouldn’t really be all that surprising, truth be told. After all, we’re talking about a company that the OTC Markets have stamped with a red warning sign labeled “Limited information” for a reason.
CCTC‘s unwarranted jump would have been suspicious even if we were dealing with a regularly reporting OTC Markets company. However, we are not, as CCTC hasn’t filed a financial report since the one covering Q3 of 2014 – and that’s a disturbing amount of neglect, even by the standards of the OTC Markets pinksheets tier.
Further, if one is to disregard the continuous stream of boastful drivel that the company keeps publishing in its PR, there seems to be no proof that CCTC has anything at all going for it.
The lack of reports alone should have been enough to keep potentially interested investors on their toes. The fact that all of the ticker’s jumps inevitably go sour should have been enough of a warning that the crash that is going on right now was coming, as well.
Investors should have done their due diligence, heeded the signs and acted accordingly.
CCTC is already 14.58% down in today’s trading session.