How High Can Clean Coal Technologies Inc. (OTCMKTS:CCTC) Rise?

Clean Coal Technologies Inc. (OTCMKTS:CCTC) added more than 17% to its market value in the last two trading sessions – but will it manage to maintain its upward course, or even retain its gains?

Well, since we’re talking about an OTC Markets pinksheets company that has a long history of volatility, it is nearly impossible to be sure about what route will CCTC take. The announcement that the re-fabrication of CCTC‘s plant at the AES Coal fired utility in Oklahoma is complete was certainly good news, and under other circumstances it might warrant a jump of more than 20%. But as things are, CCTC‘s path is just too uncertain.

What we can be certain of is the fact that there are some pretty disturbing details about CCTC‘s whole situation that investors should definitely keep in mind.

Last time we covered the company we mentioned that it was woefully overdue in its filings. Well, the good news is that since then a 10-K filing has hit the web, so that’s some progress at least.

On the other hand, the BAD NEWS is that the report in question is for the period ended December 31, 2014 and… Well, let’s just say that it doesn’t really paint a pretty picture of what CCTC‘s financials looked like at the end of 2014:

• Cash & Total Current Assets – $ 1 thousand
• Total Current Liabilities – $7.1 MILLION
• Convertible debt, net of unamortized discounts – 1.5 MILLION
• Net loss – $7.5 MILLION

And if you think for a moment that this is the nastiest red flag that this report has to offer, think again:

• As of December 23, 2014 CCTC had 40 million shares outstanding
• As of October 21, 2015 CCTC had 60 million shares outstanding

So let’s get the whole situation sorted. CCTC keeps boasting about how excited it was about its latest developments. At the same time, it is posting financials so hideously outdated and mediocre that they can make even the most hardened OTC Markets trader cringe, and it is printing shares like crazy to boot. Need we say more on the matter?

This is exactly what investors have to work with if they want to try and make money from trading CCTC. With this in mind – let the buyer beware.