{"id":5598,"date":"2015-05-13T10:13:23","date_gmt":"2015-05-13T10:13:23","guid":{"rendered":"\/?p=5598"},"modified":"2015-05-13T10:34:09","modified_gmt":"2015-05-13T10:34:09","slug":"carbon-sciences-inc-otcmktscabn-claws-its-way-out-of-double-zeroes","status":"publish","type":"post","link":"\/articles\/carbon-sciences-inc-otcmktscabn-claws-its-way-out-of-double-zeroes\/","title":{"rendered":"Carbon Sciences, Inc. (OTCMKTS:CABN) Claws Its Way out of Double Zeroes"},"content":{"rendered":"\n

Driven by a very optimistic press release pushed out in the small hours on Monday, Carbon Sciences, Inc. (OTCMKTS:CABN<\/a>) soared 125% up in yesterday’s session. The ticker dug itself out of the middle of double zeroes land and closed at $0.013. Intra-day volatility was massive, with the price spiking as high as $0.023 in the morning hours, then cooling back down.<\/p>\n

CABN<\/a> management seems to have been too excited to sleep, publishing the PR in question around 3 AM in the morning. The company announced that the CABN<\/a>-funded project conducted at the University of California, Santa Barbara (USCB) to produce high quality graphene has “successfully demonstrated” a low-cost version of the chemical vapor disposition (CVD) production process – the industry’s most popular method of producing graphene monolayers.<\/p>\n

The PR further states that a new CVD system has been developed, using unique “processes, catalysts and techniques”. The joint project with USCB originated in mid-2014. Prior to that, CABN<\/a> was focused on converting natural gas into liquid fuel. The company entered a sponsored research agreement with the university, under which CABN<\/a> will pay $387 thousand.<\/p>\n

The company’s latest financial report is an annual for 2014 and contains the following:<\/p>\n