Clean Coal Technologies Inc (OTCMKTS:CCTC) Regains Some Value
[[tagnumber 0]][[tagnumber 1]]The stock of Clean Coal Technologies Inc (OTCMKTS:CCTC) is doing rather well in the past several months. It managed to climb the charts and cross the $1 per share mark while we saw some trading that was more intense than the regular.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That, however, doesn’t mean that there aren’t a lot of red flags surrounding the company. First, we should point to the elephant in the room, which would be the lack of financial filings since the one covering the quarterly period September 30, 2014. This puts investors in a position of guessing, a thing that is not good, even more so when dealing with OTC entities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]From the little bits and pieces we were able to see that [[tagnumber 10]]CCTC[[tagnumber 11]] has also suffered through quite a lot of dilutions. Previously, the company had quite a lot of toxic debt convertible at discounts ranging from 25% to 42%. Recently, the company announced another $1.5 million in a funding deal and this might be the reason for the red sessions that [[tagnumber 10]]CCTC[[tagnumber 11]] recorded last week.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After managing to stabilize in Friday’s trading, however, we see the ticker recovering some of the lost value in the first session for this week. Yesterday [[tagnumber 10]]CCTC[[tagnumber 11]] added 12.74% to its value and closed the session at a price of $0.77 with a total of 142 thousand traded shares and a daily dollar volume of $99 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems, however, the upward movement will be short–lived. Today’s session started with quite a bit of hesitation and we may see [[tagnumber 10]]CCTC[[tagnumber 11]] close in the red once again. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]