Luckydog,As much as I'd like to be wrong I would think that...

Luckydog,

As much as I'd like to be wrong I would think that article was based on old research. The last part says it all:

"Earlier in the year Clean Global signed agreements with the $20 billion Indian energy major Essar for its UCG technology and expertise.

Indicating just how big this deal could be for Clean Global Energy, each project has the potential to be worth more than $150 million."

That was before the restructure which lost all but Dr Green's UCG experience, this focus appears to have taken a back seat to direct coal mining.

As for the CR I have to put my hand up and say I got it wrong. Call me an optimist but I truly believed the company would not attempt to raise more money after the 7cent disaster without a specific business justification, I think I need to lower my expectations!

That said I think the forum has correctly surmised the most likely motivation, being to either placate the new Patterson investors or attempt to move control in the longer term.

Regardless the net result for me remains the same. Pattersons have a huge incentive to get this thing above 7 cents, my only silver lining to this whole sorry state.