Small cap alternative fuel stocks Clean Coal Technologies Inc (OTCMKTS: CCTC) and Alternative Fuels Americas (OTCMKTS: AFAI) have been getting attention lately with one stock being the subject of paid promotions while the other sank 13.33% on Friday. So do either of these small cap alternative fuel stocks have the potential to power your portfolio? Here is a quick reality check:
Clean Coal Technologies Inc (OTCMKTS: CCTC) Is Building a Pilot Plant
Small cap Clean Coal Technologies has introduced proprietary patented and patent pending technologies to convert raw coal into a cleaner, more efficient fuel sources. On Friday, Clean Coal Technologies closed at $0.0410 for a market cap of $36.45 million plus CCTC is down 2.6% over the past year and down 99.4% over the past five years according to Google Finance.
What’s the Catch With Clean Coal Technologies Inc? According to various disclosures, transactions of $2.5k and $15k have or will occur to mention Clean Coal Technologies in various investment newsletters. In late September, Clean Coal Technologies announced it had obtained clearance from the Oklahoma Department of Environmental Quality (ODEQ) and that site preparation had commenced with construction of the pilot plant is moving forward as scheduled. A quick look at Clean Coal Technologies reveals revenues of zero (most recent reported quarter), zero, zero and $375k for the past four quarters along with net losses of $1,621k (most recent reported quarter), $1,275k, $946k and $2,370k. At the end of June, Clean Coal Technologies had no cash to cover $2,019k in current liabilities – meaning investors might want to wait for some new financials to appear and more news about the pilot plant being completed.
Alternative Fuels Americas (OTCMKTS: AFAI) Has No Recent News
Small cap Alternative Fuels Americas is an advanced stage multi-feedstock seed-to-pump green energy company establishing "above ground" oil fields and exploring broader opportunities throughout the Americas. On Friday, Alternative Fuels Americas sank 13.33% to $0.130 for a market cap of $10.27 million plus AFAI is down 35% over the past year and up 2,500% over the past five years or so according to Google Finance.
What’s the Catch With Alternative Fuels Americas? According to various disclosures, no transactions have occurred to mention Alternative Fuels Americas in various investment newsletters. Moreover, I am not seeing any news on the financial newswires about Alternative Fuels Americas. A quick look at Alternative Fuels Americas’ financials reveals no revenues; net losses of $118k and $50k, net income of $346k and net losses of $275k over the past four quarters; and had $1k in cash to cover $1,190k in current liabilities. So maybe we will start hearing more about Alternative Fuels Americas in the near future.