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Very nice news! Approximately 180M of new utility program business!
What made this fly Jesus Christ almost 4x!!!
Is the investigation over yet? WTF is going on?
Is it official that they are getting "the boot?"
bottom watch..should be a OTCBB but one last pop before they get the boot
Has anyone heard anything about the investigation process? Seriously, how long does it take to look through accounting records???
If insiders were buying at higher levels it means they were NOT aware of the accounting issue ... Did some DD .. looks interesting..
Good luck with this one!
no it doesn't, just because the accounting was done wrong and they had a 15M dollar error, i think their board took the correct immediate steps to fix the accounting. also, i'm guessing they will have net earnings in the black very soon, don't think the SP will hang around here for too long...but just a guess!
The lawsuit doesn't scare you away?
picked up as much as i could!
looks like it'll be quite an interesting next couple of weeks...
All out, not expect to see it at 0.5
Sorry, but it just good for quick play.
Hope you didn't miss to scoop some sweet LIME this morning.... GL!
Tom Konrad, Contributor
Follow (42)
TECH | 7/17/2012 @ 10:38AM |777 views
Lime Energy, One for 90 cents, Really? [Corrected]
+ Comment now
Limes (Photo credit: CocteauBoy)
As I just wrote, I planned to sell my Lime Energy (NASD:LIME) holdings at the open “unless the stock totally craters.” This is why I always use limit orders.
Lime may not recover today, but I’m not willing to sell for less than a dollar. Yes, we can’t rely on Lime’s financials, but the news release did say that the total impact of improper revenue recording would be less than $15 million. With Lime’s reported gross profit margin of about 20%, a very conservative upper bound on earnings and balance sheet impact will be $3 million dollars over 2 1/4 years.
Lime’s most recent (and not to be relied on) quarterly statement put book value per share at $1.72 , so after restatement, I expect retained earnings to decrease by no more than $0.125, putting “real” book value at $1.60 or more. At the most recent price of $0.95/share, that’s a price to book ratio of less than 0.60 . Adjusting Lime’s book value and shares outstanding for the recent $2.55M purchase of 1 million shares by the company’s largest shareholder, Richard Kiphart, we get a book value of $43.7 million and 25 million shares outstanding. Reduce the $43.7 million by 3 million less in retained earnings, and we get (conservatively) $40.7 million, or $1.63 per share. At the recent price of $0.90/share, that’s a price to book ratio of 0.55.
A price to book ratio that low implies that investors expect significant dilution in the near future. That might have been the case had not Kiphart made the recent investment, but the extra cash should be enough to allow Lime to avoid raising significant amounts of money in the open market until they start to show significant increases in earnings from the ramp up of several utility demand management programs.
The sellers this morning may be right, but I think the buyers will more likely be smiling a week or a few months from today. I’m holding at current prices.
Time will tell.
Disclosure: Long LIME
Lime Energy down 38% on 'non-existent' revenue
NEW YORK (MarketWatch) -- Lime Energy Co. dropped 38% to $1.26 a share on Tuesday after the Huntersville, N.C., engineering and renewable energy specialist said it may cut its reported revenue for the past two fiscal years by as much as $15 million after a review by its audit committee. "In some cases, it appears that non-existent revenue may have been recorded," Lime Energy said in a statement. Lime Energy said it's conducting an investigation. The company checked its financial statements for the periods ending Dec. 21, 2010 and Dec. 31, 2011. According to its annual reports filed with regulators, Lime Energy reported $120 million in revenue and a net loss of $11.6 million in 2011; and in 2010, it reported revenue of $95.7 million and a loss of $5.24 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
you sound like you might know a little about this company....any thoughts or suggestions for a guy looking to buy some shares? what do u like about it? What do you not like? etc...any help would be great.
can anyone give me the scoop on this LIME? i'm very interested in buying some....
~ Monday! $LIME ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LIME ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LIME&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LIME&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LIME
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LIME#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LIME+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LIME
Finviz: http://finviz.com/quote.ashx?t=LIME
~ BusyStock: http://busystock.com/i.php?s=LIME&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LIME >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Less is more - Lime Time!
Nadar
Some month Lime!
Nadar
Someweek Lime!
Nadar
Dropped 059 to 4.50 on reporting!
Lime Energy Co.'s (LIME, $4.57, -$0.62, -11.95%) fourth-quarter loss widened on a delay in projects for public-sector customers as margins fell sharply. The provider of energy-efficiency products and services recently reported lower-than-expected results tagged to the challenging economy.
Tic Tock Today -March 23rd- is here, hope the facts are good.
Lime Energy Fourth Quarter and Year End Results and Conference Call Scheduled for March 23rd
Lime Energy Co. (Nasdaq: LIME), today announced that it will publish its fourth quarter and year end operating results after the market close on Tuesday, March 23rd. The same day, Lime Energy will hold a conference call at 4:30 pm ET to discuss the results.
Investors can access the call by calling toll free 800-599-9829 and use passcode 75363930. International callers can dial 617-847-8703 and use the same passcode.
The call will be available for replay until June 23, 2010 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 77833883.
The call can also be accessed through Lime Energy's Investor Relations section of its website at http://www.lime-energy.com. This call is being webcast by Thomson/CCBN and is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com).
Nadar
News alert March 9 2010 - Lime Energy Fourth Quarter and Year End Results and Conference Call Scheduled for March 23rd.
Nadar
Lime to present today Feb. 22 2010
Lime Energy Company (Nasdaq:LIME), a leading provider of energy efficiency and renewable energy solutions today announced that David Asplund, Chief Executive Officer, will present at the Piper Jaffray Fifth Annual Clean Technology & Renewables Conference at The Westin New York at Times Square on Tuesday, February 23, 2010 at 4:30PM Eastern Time (ET). The presentation will include a discussion of the Company's business operations, financial results, strategic initiatives and prospects for the future. The slide presentation and a live webcast of the event will be accessible from the "Investor Relations" section of Lime Energy's website (www.lime-energy.com). Following the live webcast, an archived version will be available on the Lime Energy website.
Live Lime webcast TODAY feb. 22 4.30 pm et.
Dan Parke
Lime Energy President & COO
The bottom line is our priority and Lime enables clients to spend dramatically LESS on energy. Many companies consider the money they're spending on energy to be a fixed cost. It's simply not true. Lime allows you to take control and manage that expense.
Lime - Less is more!
Its always seems cheap untill they show profits, someday. Could be a good bet at 4 to make 50 cents or lose 25 cents short term. I dont play much anymore, no time and low funds. Thanks for being LIME'S first post in long time.
Nadar
NADAR; REFLECTION ON PPS $4.00.. Must be cheap?
Less loses, not profitable yet.
Nadar
5,000,000 share offering @ $6.67 hmmmm.
Nadar
Nice and quiet.
Nadar
Something could happen here someday.
Nadar
It was never a utility company...Go to their web site to read about their most recent success stories...The company has a very,very bright future...It doesn`t take much due diligence to see the light on this one.......
Thanks for the reply-----------I'm going to try and pick up a few at .0035-.004............ Seems like an easy double,or so>>>>>>>>>>>>> I don't think many people know about this...And,LIME is a Chicago based company.Obama's about to take the helm.Energy conservation play----------------- Make a few bucks//// Buy some LIME
Regarding your posts on other links....It clearly states in the LIME proxy filed in November that the minority shareholders are being offered the same deal(as required by law)as Kiphart and the few others that hold 90% of the common...That is to say .0086 per share or a convert into LIME at 3.50 per share..
It is somewhat strange that .005 ADVB shares can be had...Perhaps there is an arbitrage play here...I am thinking it`s very,very thin to .009 and few shares are available..Not even worthwhile for any real players to even mess with..That being said,if you can pick up several hundred thousand share blocks at well below .0086 i would be VERY CONCERNED regarding the minority shareholders actually getting .0086 or the equal convert into LIME at 3.50...I have e-mailed both ADVB and LIME for clarification,to no avail.........Regards..INSIDESRAIGHT
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LIME is a Chicago area based company that specializes in helping companies cut down on energy costs.....They are growing and expect to reach 100 million in sales for 09...NEW MANAGEMENT WITH DEEP POCKETS TOOK OVER THE COMPANY 2 YEARS AGO AND HAS TRANSFORMED THE COMPANY INTO A REALLY EXCITING ENTITY...
Lime Energy Named as one of 50 Fastest Growing Chicago Area Companies
06/11/2009
1,135% Revenue Growth Over Five Years Earns 13th Spot on Crain’s Fast Fifty
ELK GROVE VILLAGE, Illinois, June 11, 2009 - Lime Energy (NASDAQ: LIME) has been named one of the fastest growing companies in the Chicago area according to Crain’s Chicago Business. Lime’s core business is designing and implementing energy efficiency solutions to help business and government facilities save money and go green. “At the end of the day, we sell return on investment,” said CEO David Asplund. “Our offices nationwide study the energy use of existing buildings, design a strategy to reduce energy costs, and implement the best solutions. Our work with clients saves overhead costs, reduces energy waste, and significantly improves building operations with new equipment.”
Lime Energy has grown its revenue by 1,135% over the past five years to $57.2 million in 2008. Revenues come from contracts with some of the nation’s leading private companies and from the largest Energy Service Companies (ESCOs) that contract with Applied Energy Management (AEM), a subsidiary of Lime Energy. “Our growth has been fueled by the need for private industry to reduce overhead costs, and from several specific provisions in the Federal Budget and the ARRA (Stimulus Bill) to reduce energy use in the public and private sectors,” continued Asplund. “As the need to reduce greenhouse gas emissions continues to grow, we see more and more opportunities for our services. The fact that we enjoy significant revenue through repeat business with existing customers tells us that we are on the right track with our skill and offering.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
[ Our Mission ] Management Board of Directors Our Culture Our Commitment Our History Careers
—Dan Parke
Lime Energy President & COO
No matter which energy efficiency solutions you are implementing, you're sure to see a reduction on your annual energy spend. And whether it's a small or large percentage of savings, you will have peace of mind knowing your energy usage and expenditures are optimized to be as low as possible.Lime helps you spend LESS on your energy bills, which means you're gaining MORE towards your bottom line. It's that simple. With a project ROI ranging from 40% to 100%, how could you possibly go wrong?
We will also help you obtain any available federal, state or utility incentives and funding. These can help lower your project costs and raise your ROI even further.
Our Commitment to The Environment
There's nothing greener than energy not used. Reducing energy usage helps purify the air and protect our environment. Becoming a better environmental steward through the reduction of unnecessary greenhouse gas emissions is easier than you may think. Lime's energy efficiency solutions are easy to implement and instantly begin creating less environmental waste.More conservation and preservation leaves a better cared for natural environment for generations to come. Our vision includes not just our own future, but also the dreams of our children and grandchildren. Green companies make the world a better place to live, work, and play. Lime Energy is an Energy Star Partner.
Our Commitment to Comfort
Implementing smart energy efficiency solutions throughout your business provides endless benefits. Saving money and preserving the environment may be good enough reasons to get on board with Lime, but we offer a third reason.Standardizing and controlling space conditions throughout your business' facilities equates to greater customer, as well as employee, comfort. Well managed space temperatures and lighting designs are key to productivity.Smoother management processes, a 24/7 monitoring team for your energy consuming equipment, preventive and proactive diagnosis of problems and less downtime for vital equipment all come together to offer an invaluable benefit for your business. More comfort and productivity all around.
© Copyright 2007 Lime Energy. All Rights Reserved. All trademarks are the property of their respective owners.
Lime Energy is not responsible for content published on Web sites accessible from this site or for content received from third parties.
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