Clean Energy (CLNE)

[whassup]

Did a quick analysis on shares outstanding in relation to number of locations along with exp and income per.

Year - Shares - Locations - Shares o/s per location
2011 - 70,302,782 - 224 locations - 313,851
2012 - 86,625,655 - 313 locations - 276,759
2013 - 93,859,587 - 432 locations - 217,558
2014 - 94,859,587 - 516 locations - 183,836

yes there has been dilution, but actual shares outstanding versus shares per location has dropped from 313,851 shares outstanding to 183,836 shares outstanding per location.

It's a number game now.

If you look at total quarterly operating expenses, expenses in 2011 were $ 334,258 versus $235,560 in 2014 per avg station.

Revenue per station now is $ 190,180.

So how many trucks per station additional to get to the $ 45,000 per station breakeven ???