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Thousands of new shares going to board members this week. After 100% of the shares we all invested in over the years have been wiped out and cease to exist, these crooks just keep sucking on that teat. It's so infuriating. Every single member of the board, every single officer who's ever been associated with this company, they're all guilty of fraud and should be in prison, especially Daren "Hockey Stick Growth" Jamison. If it were up to me it would be a Russian prison.
Hi. Has anyone got to pay withholding tax?
I’m charged 15% based on the fair share value of $1.14.
Hi. Has anyone got to pay withholding tax?
From today's press release:
John Juric, Chief Financial Officer of the Company, said, “I would like to express my appreciation to our customers, vendors, and business partners for their patience and support. I am also deeply grateful to our entire Capstone team for their hard work in continuing to execute the Company’s strategies throughout the restructuring.”
"Shareholders," Juric added, under his breath, away from the microphone, "can bite my unwashed ass! Mwhahahahaha!"
Unfortunately, shareholders are last in line for any dispensation from the bankruptcy.
It is a travesty.
Well here's a hale and hearty FUCK YOU to Darren Jamison. This technology had a future and should have been highly successful well over a decade ago but thanks to that shit stain's piss poor management along with the chicanery and subterfuge the equally worthless board of directors allowed him to get away with while they all sucked every last suckable dollar of life out of the company, that's all she wrote. I guess now the patents will be up for grabs and somebody with a lick of sense will figure out how to monetize them. Don't guess I'll ever get a dime out of it though.
CGRNQ: BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Bounce but we’re is bottom
CGRN changed to CGRNQ, bankruptcy. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
I disagree it will be harder to get rid of my stock. Over the years I've gotten rid of thousands upon thousands of shares and I've never lifted a finger in doing so. I just sit here with my thumb up my ass while they keep doing reverse splits and viola! Shares gone!
Sorry---- wrong worthless stock.😭
Those share weren't created out of thin air. PBIO can't pay it's bill with cash so, they pay all the money they owe every month with 6 moth restricted shares. Because the price keeps dropping, the holders of the restricted shares are dumping the shares as they become unrestricted---and are losing money. Pretty soon the people PBIO owes money to will stop accepting worthless shares and force bankruptcy.
Just saw this chapter 11 filing. Agree the BOD and the company should be investigated by the SEC. Total scam all these years only to come to this.
1.8 million new shares just created out of thin air. Enjoy your dilution fellow shareholders!
https://ir.capstonegreenenergy.com/all-sec-filings/content/0001493152-23-034784/formsc13g.htm
From a Company standpoint I think this is a good thing (chapter 11). The Albatross around the Company's neck has always been the Non-Stocking Distributor Sales/Service business model that sucked about 25% (Distributor discount) off the top of all revenues. Chapter 11 will make it easier/cheaper to get rid of the Distributors and replace with direct sales/service people---sending additional 10-15% straight to the bottom line----generating profits for the first time in---well---forever. Also, they can stop chasing shinny crap like micro-turbine powered trucks/buses, hydrogen economy, range extenders, etc., and focus on what they do best.
From a shareholder standpoint---I don't know. It will be harder to get rid of your stock because it is going to be a private corp. instead of a public corp.. It all depends on if the new Company will pay dividends, and how much---that will set the stock value.
Chapter 11.
The only thing that surprises me is that it took so bloody long. I'm sure DJ figured the longer he could hold off the more $$ he could bleed out of this rock. Coupled with the announcement of what is no doubt a toxic financing agreement with Goldman are we finally looking at the death rattle or will it keep limping along issuing new shares and executing reverse splits for another year or two?
Such a shame. A great tech that could have and should have really taken off a decade ago but was just never allowed to get there by incompetent unscrupulous managers and directors who only sought to line their own pockets to the detriment of shareholders.
IF the new CEO gets rid of the non-stocking distributors and replaces them with direct sales/service people---at least 10% will go straight to the bottom line, and they will eventually start making a profit. 😍 If the new CEO leaves the distributors alone and chases, trucks, hydrogen, and all the future glitter like DJ did, well, turn out the lights---the party's over. 😭
New beginning or death rattle? DJ resigns effective next week. Either way, good riddance to bad rubbish!
There is a god !!!
LOS ANGELES, August 14, 2023--(BUSINESS WIRE)--Capstone Green Energy Corporation (NASDAQ: CGRN), announced that Darren Jamison has resigned as President and CEO, and board member of Capstone Green Energy, effective August 22, 2023.
Now, maybe they have a chance of not only survival, but profit. 👍️
I couldn't agree more. Millions in sales and quarter after quarter after quarter for going on 20 years DJ has stepped up to the microphone to blow smoke up all our asses and tell us about how EBIDTA break even is juuuuust around the corner. Meanwhile his salary keeps going up and he keeps cashing in those options for more shares they create out of thin air in between the reverse splits that artifically boost the price for five minutes until it crashes right back to the same level it was at before only now there's 2 or 3 or 5 times as many shares. Management and the board of this company should be subject to SEC action for fraud in my opinion.
hondo I too haven't been back to this board in a while. Still have what fee shares I have after all the reverse splits..Saw they issued more shares a couple of days ago so I thought I would see what the board was saying. Agree Jamison needs to get canned and the BOD sued for allowing this to go on for years. Never turned a profit in all the time I have been in this stock. Any other company and he would have been canned a long time ago. BOD must be on the take to allow this to happen. Buyers beware.
Ziggy....over the history of this company they either keep going out and issuing shares (which happened two days ago) or they do reverse splits. Why Jamison and his merry group of of 'high executives' are allowed to rape this company i still do not understand but beware. It has been going on a long long time. Every turned a profit?? What is that!!!!
Well...havent checked the board in a while. Nothing great happening...Today
two more news items....CGRN expected loss again ...ok....and CFO resigns...smart move probably...No news to all us folks who have been here for years. Only way this company is EVER AND I MEAN EVER TURN A PROFIT IS FOR JAMISON TO LEAVE OR GET KICKED OUT...You cant make all this crap up for years...PR's of SALES,SALES AND SALES..yet always a loss....seriously...give it up executive board...you guys are just feeding your faces....not even crumbs to the shareholders...enough said.
Right next six bucks soon
Still looking good, even with how the markets are going lately!
https://www.marketwatch.com/investing/stock/cgrn
Still looking good, even with how the markets are going lately!
https://www.marketwatch.com/investing/stock/cgrn
Let's say you are a Hog farmer with a substantial "poop pit". What makes more sense---use an expensive micro-turbine generator, or use a diesel generator at 1/3 the cost (or less). My bet is the farmers out there go the same route as all the truckers out there. That is micro-turbines are great circle-jerk subjects, but diesel is more economic.
With oil above $90 and USDA Billion dollar investment and grinding toward breakeven. I don't see how this remains at this level. Since many mutual funds can't buy it until it hits $5 we should see a nice uptick when funds begin to grab a position.
Their investments in the UK facility... and rental fleet...and partnerships are about to finally pay off. Based on last CC which I have listened to over 10 times. Most of the write-offs... damages... and cost were figured into Q1 and Q2. This is the first quarter they get to shine.
All we need is a significantly lower cash burn and getting close to EBITDA breakeven. This could get very fun in the coming months.
Baker Hughes... EV... PV... methane capture... all right down CGRN's alley.
Look forward to it.
Dave
Chart looks great... Less than 29 hours...
Mackey
WOW... USDA spending 1B to help farmers reduce emissions...
Methane capture is big proponent of this and CGRN is the best methane capture product in the world.
CGRN... should be huge. About to breakeven... backing of Goldman Sachs. Can't wait to see how this pans out.
Dave
This stock a while back was a darling of Wall Street because everyone could see the use of their products. However, their business model was consistent with their product line. They made a shift about 12-18 months ago to build a rental fleet of MicroTurbines (MT). They are well capitalized with 38M in the bank thanks to the backing of Goldman Sachs. The progress of the last 18 months will soon begin to be reflected in Feb 10 earnings. They are getting close to EBITDA breakeven. Probably less than 4 months away. Market cap is 50M. Article published Dec 21st says top 7 green stock this year. Ironically, every market cap was almost a 1B plus except for CGRN. Seekingalpha article in August mentioned $100+ a share.
Four analysts have price targets of 13-14+ and it is trading at 3.50. They are in the energy sector/green sector and $90 a barrel doesn't hurt their situation.
They have big things on the horizon... including an EV partnership for charging stations. Microgrids, methane capture, mining, cannibas... all of these require power and CGRN type power. In many ways, they are the only game in town for that.
I think CGRN can be an unexpected linch pin in the green movement. They are a supplement to almost every movement. Expect Baker Hughes announcement soon.
Many hate this stock because it has been an underperformer. I think the foundation is set for it to take off. Worth a look anyway.
In full disclosure, I own shares, my son owns shares, and my ex-wife owns shares.
Enjoy
Dave
Stock acting like it is poised for another real run...
I guess we will have to wait and see. Again, I think this earnings report really changes Wall Street perceptions of where this stock can head. I hope that EBITDA is getting close to breakeven.
The tide will turn quickly on this stock.
Dave
This earnings report begins to eliminate the doubters for sure...
Rental fleet coming online and hitting the bottom line.
Crazy!!!
Dave
Right on another mega run please
This is one of my favorite stocks for 2022
Without a doubt this company could explode. 50M market cap... 15M shares outstanding. 38M in bank and in the green space. It doesn't get any better.
Dave
Latest news out sales with contracts from
all over the world !!!!!!!
Growth is happening fuel cells don’t have
Capstone down !
Supervalue, I get it now. You're a kid, and English isn't your normal language. Please leave posting on stock message boards to adults.
New to board put cash into CGRN look like a winner to me.
Record run this year 95 cents to over 15 bucks million made by many
be negative makes me laugh this website gets degraded by low life posts
Gross profit easy to find over seven million
New ticker and name to remove info of multiple bag run haha ha to much
money being made !
CGRN did NOT show a "small profit recently" in any of the Q1, Q2, or Q3 SEC filings. Where did you see it, in what filing, and how much?
I wish yo Pump-tards would stop making shit up and lying.
Capstone showed a small profit recently
fuel cells never produced much with twenty years of development
Sounds like FCEL and PLUG.