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Dear Mr. Berko:

Dear S.P.:

While Clean Coal Technologies Inc. (CCTC-$2) was trading in the $70s, the company announced a 5-for-1 split, so your 300 shares became 1,500; on an adjusted basis, the $75 share price translated into $15 a share.

In that January column I said that CCTC was a “gross speculation.” And I’ll remind you once again that not only is it a gross speculation, it’s a gross gross speculation, which is a gross squared.

You must also recognize that the speculative fervor in CCTC was 95 percent unrealistic and 95 percent unwarranted. The speculators pushed CCTC to the ionosphere and also shoved it back to sea level. You don’t need to be reminded that you were a blithering idiot to rush back in after earning a sweet $7,500 gain, which has now been turned into a loss (if 1,500 shares were sold today at a split-adjusted price of $3 a share) of $15,500.

Didn’t your daddy ever tell you: “Stop when you’ve made a score – only fools go back for more. But once again they’ve started; fools and profits are soon parted.”

“Green” is fast becoming the new red, white and blue, and the United States is responsible for 26 percent of the world’s greenhouse gases. Carbon is a nasty, insidious global pollutant, and it has the same impact whether it’s emitted from a sports utility vehicle or a coal-burning power plant. Clean Coal Technologies uses the only technology about which I know that can reduce 90 percent of the carbon emissions from coal and increase its British thermal unit output more than enough to pay for the cleaning process.

CCTC has a contract with Benham Cos. of Oklahoma City. Benham is a wholly owned subsidiary of SAIC Inc. (SAI-$19.80). SAIC, home ported in San Diego, is a $9 billion revenue giant that provides scientific, engineering and technology solutions to domestic governments, foreign governments and the utility industry. Benham expects to design and build CCTC’s first commercial operations in China, with construction beginning next spring in Datong.

China’s pollution problems are nearing critical mass, and CCTC’s patented technology is one of the few solutions.

CCTC has also signed an initial contract with Sino-Mongolian International Railroad to convert two tons of its low-grade lignite coal to a clean-burning, low-emission, high-Btu fuel source. The sample conversion project should commence by this fall, and if it’s successful the railroad will give CCTC a five-year contract to convert 15 million metric tons annually.

Since you bought the stock, a lot of corporate blood, sweat and progress have added significantly to CCTC’s realistic speculative appeal. Most of the vulture speculators have exited the scene, and the sane, long-term speculators seem to be building a position.

So hold your CCTC and consider speculating with another 300 shares at the $2.90-$3 price. If the process is as impressive as SAIC/Benham believes, I’d be willing to wager 10 kilowatts of AC power against one Btu that some of the big U.S. utilities will come knocking on CCTC’s door.

Please address your financial questions to Malcolm Berko, P.O. Box 1416, Boca Raton, Fla. 33429 or e-mail him at malber@adelphia.net. © Copley News Service