In the middle of June, Clean Coal Technologies, Inc. (CCTC.PK) announced to have been awarded the formal Certificate of Approval by the Chinese government for its Inner Mongolia project. Besides, it was stated that CCTC completed all prerequisites required for the formal project approval and government financing for its Inner Mongolia cooperative joint venture. Doesn’t that look suspicious to you? This is a Pink Sheet company which does not report the SEC about its activity.
If you look at the stock chart, you will definitely notice the downtrend forming in it. Despite that, the stock price has climbed up by 12%, and reached the value of $2.30. As for a pink sheet stock, the price is rather high, don’t you think so?
It looks like the stock is overvalued. However, my opinion is that the advertising company Alpha Trade is helping the company. It was paid $5,000 for the promotional service. This might provide the explanation what is happening with this stock.
