More Bad News From Clean Coal Technologies Inc. (OTCMKTS:CCTC)

Clean Coal Technologies Inc. (OTCMKTS:CCTC) had a good session last Friday, adding 19.73% to its market value in spite of publishing some bad news before the market’s opening on that day.

CCTC is a strange one alright. Since it refuses to file any financial reports, it is next to impossible to gauge its current financial standing. Its only filings are the occasional 8-K bringing bad news, which the company doesn’t seem too eager to hide or present in a more favorable light – and in spite of this, investors still seem keen on committing to its stock!

On Friday, it became clear that a member of the company’s BOD is leaving, and he is to be paid the annual salary of $1.2 million that he is currently due, as well as 2 MILLION shares of CCTC common stock. Why did the market fling the ticker upward instead of down is as yet unclear.

Did investors not notice this one crucial detail? Did they discount it as irrelevant? Any investor who did the former should pay more attention to his due diligence. Any investor who did the latter is advised to think a bit more on the effect 2 million shares of CCTC stock could have if they are suddenly dumped on the market, keeping in mind that the whole of Friday saw just 406 thousand shares change hands.

All in all, if there is one thing that should be said about CCTC at this point in time it is “let the buyer beware”.