CABN might not get a patent for its world-changing technology, but today some new stock promotions might well serve as a catalyst to boost up the performance of the recently losing value stock. Yesterday, CABN closed the market at $0.061, with a 6.15% decline from the previous day. But, today’s promoters will again try to convince their newsletter subscribers that Carbon Sciences technology is on the verge of getting delivered to the oil and gas industry, and of course on the verge of throwing in revenues and profits.
The latest SEC filings of the CABN speak rather for the opposite. CABN plans to solve at once the global problems of petroleum shortage and climate changes are not progressing as fast as investors would like to see. Moreover, in November last year the company suddenly found out that it will not be able to protect its catalyst for transforming greenhouse gases into gasoline through a patent. Surprisingly enough, similar research and development has been already published by others working on that field of science.
Shortly after that, the resignation of the Chief Technology Officer was not the best thing to hear as well. Thus, CABN stock has shown in the past months no signals for appreciation, only some improved volatility on some directly ordered by the company stock promotions. Though with a the cut budget from $25,000 in December to only $10,000 this month, today the promoters will again try to make CABN shares look as an attractive short-term investment.
In December 2010, the company signed a licensing agreement with the University of Saskatchewan for a “high performance catalyst for the dry reforming of methane with carbon dioxide for the production of synthesis gas”. Yet, nothing has been mentioned concerning the conditions, respectively the merits, of that agreement.
