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I THINK I SHOULD WARN EVERYONE, that there is a 17% DILUTION / secondary in the works. To BUY now would be premature, since no one buys BEFORE a secondary .....except maybe one or two folks .... BUYER BEWARE !
How can anyone say BUY with the company, CITI and Boone all DUMPING shares?
You need to give it time... soon these will be lower lows, and a time for shorts to cover.
You are going to loose that shirt.
DUTCH AUCTION = D_I_L_U_T_I_O_N !!!
This news might be the reason for today's drop....
-OR-
Maybe it was T. Boone's embarrassing interview on Bloomberg.
So did you buy your 200K shares today?
A great price if you were buying to cover.
NEW 5 YEAR LOWS?
It certainly looks as if the market is impressed by WPRT's financials and the changes in leadership.
Will we see new 5 year lows this week?
YES !!! 3 CENTS !!! Banner day !!!
DO YOU REALIZE the only buyers are covering?
No one buys a penny stock, literally a PENNY stock, as an investment.
The buyers here sold long ago at much higher levels, and are covering and going to the bank!
"HOLD YOUR SHARES !!!!!!
There will be a HUGE cash distribution for those longs who hold !!!"
Footnote: By Allan Clichy from another message board.
Vive la France !
WITH ALL OF THE GOOD NEWS...
Why do WPRT and CLNE continue to fall? Is the market stupid?
Are you smarter than the market?
I hold OTM option, so yes, in a sense I hold no shares.
I post here because I believe that this is a bad investment as evidenced by the share performance and corporate performance to date.
I don't care about anyone else, and my posts don't affect the share price. It goes down based on what the company is doing, not buy posts an a message board.
I don't disagree ! With the company and largest shareholder dumping shares, we will have a great buying opportunity for covering our shorts.
Let some more of Boone's shares and CITI's shares hit the market and we might be able to wring another dollar or two out of this.
$6.00's: I think the market understands that the LOW margin situation will not correct itself anytime soon, so every day is worse than the day before.
If you are correct and this company is such a good investment, how come CLNE has never been profitable?
How come this company needs to do another secondary (17% dilution)?
How come the largest single shareholder, T. Boone Pickens is DUMPING his shares?
How come the rate of growth is slowing?
HOW MUCH DID / WILL THE SHAREHOLDERS GET FROM THE ASSET SALE(S)?
Maybe we should all hold our shares for the distribution...
HELLO $2's....
All this good news and yet the company is still not profitable!
All this good news and yet the company still needs to do an ATM.
All this good news and yet you are being diluted/deluded by 17%
WHO SAID THE REFI WAS GOOD NEWS ?
I think I will cover the rest of my options DEEP IN THE MONEY !
WHO SAID DILUTION ?
On November 11, 2015, Clean Energy Fuels Corp. (the “Company”) entered into an Equity Distribution Agreement (the “Sales Agreement”) with Citigroup Global Markets Inc. (“Citigroup”) as sales agent and/or principal. Pursuant to the Sales Agreement, the Company may issue and sell, from time to time, through Citigroup shares of common stock, par value $0.001 per share, having an aggregate offering price of up to $75 million (the “Shares”). Pursuant to the terms of the Sales Agreement, Citigroup will act as the sole sales agent in connection with any offerings of Shares. The Company may also sell Shares to Citigroup as principal for its own account, at a price and discount to be agreed upon at the time of sale pursuant to a separate terms agreement.
The sales, if any, of the Shares under the Sales Agreement will be made in “at the market” offerings as defined in Rule 415 of the Securities Act of 1933, as amended, including sales made by means of ordinary brokers’ transactions on the NASDAQ Global Select Market, or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or as otherwise agreed to by the Company and Citigroup. The Company is not obligated to sell any Shares under the Sales Agreement.
The Company will pay Citigroup a commission not to exceed two percent (2%) of the gross sales price of the Shares sold through it as agent under the Sales Agreement and will reimburse Citigroup for certain customary expenses incurred in connection with its services under the Sales Agreement. The Company intends to use any net proceeds from the sale of the Shares for general corporate purposes, which may include, without limitation, repaying all or a portion of its outstanding 7.5% Convertible Notes due 2016.
The Shares will be issued pursuant to the Company’s effective shelf registration statement on Form S-3, as amended (File No. 333-206121), which was previously filed with the Securities and Exchange Commission (“SEC”) and became effective on November 3, 2015, and a related prospectus supplement filed with the SEC on November 12, 2015. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any security nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
I thought today went well....
Only 1,300 NGV's in a fleet of over 50,000 vehicles
http://sustainability.ups.com/committed-to-more/fuels-and-fleets/
ECONOMICS, is exactly why less than 5% of the UPS fleets is NATURAL GAS!
Good for PR though...you obviously took the bait.
NOT TRUE ! ECONOMICS !
If it came down to cleaner, then hydrogen and electrics would win. It comes down to what is economical, and right now CNG and LNG are poor investments.
NO VOLUME TODAY EITHER.
You would think everyone would be buying because Peru will veto this deal and the company will continue operating and rewarding its shareholders...
RBC LOWERS GUIDANCE .
They don't believe the company's ability to meet its targets...ME TOO!
REVENUE IS DOWN 25% ! THIS IS A REASON TO WORRY...
This is supposed to be a new industry growth metric, the US numbers are FLAT and CHINA is down 80%?
This spells DEATH to me.
Not everyone is in pain...although I am nervous about covering my shorts if we can't trade...
The LONGS have been warned many times....
Eventually $0.00, but I have never caught the falling knife or covered at the bottom. Acting on that kind of information from one of these boards is nonsense.
Tomorrow there will be plenty of downside, and the merger of wequals will probably give us even greater downside.
Do you see anything to reverse the trend? Short of firing the management team?
YES...MUCH WORSE THAN EXPECTED.
Which explains the drop in the AH.
The numbers needed to be much better to reverse the trend, and that did not happen.
FREE DRINKS TODAY!!
At the Tasting Room next to BPZ's new offices, starting at 2:00 pm today.
Come help us celebrate...Ask for the BPZ party.
WRONG ! Debt and depreciation are major items and growth is slowing, especially in LNG. There is a huge debt payment due in August, and they will have to issue shares to cover... Those shares will be discounted and dilutive... two hits for the price of one.
Who's crying? Some people are laughing all the way to the bank.
We should all go to the Tasting Room next to BPZ's offices today, I'll bet the management will be there celebrating. It might be good for a free glass of Champagne.
NO, PERU has no say in a court in Victoria, TX.
Still holding on to your " glimmer of hope "?
You are officially a BAGHOLDER.
You have all been warned repeatedly...now for the REALLY BAD NEWS.
"THERE WILL BE NO ASSETS LEFT FOR DISTRIBUTION" is a phrase the longs will be seeing a lot of going forward.
I think I will cover some of my OTM options today...
MATERIAL IMPAIRMENTS.
In connection with the pending merger of Fuel Systems Solutions, Inc. (the “Company”) with Westport Innovations Inc., the Company recently concluded that an impairment analysis must be performed to determine whether the Company may be required to record an asset impairment charge. The Company has not yet completed its analysis to determine whether an asset impairment charge would be recorded. If applicable, the estimated amount of any asset impairment charge will be determined by the Company as it finalizes its financial statements for the period ended September 30, 2015.
Accordingly, until the Company determines whether an asset impairment charge would be recorded and, if applicable, the estimated amount of any asset impairment charge, the Company will be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2015 (the “Third Quarter 2015 Form 10-Q”). The Company is working in good faith to complete its analysis. The Company expects to file the Third Quarter 2015 Form 10-Q once the impairment analysis is completed which may be beyond the date for filing such Form 10-Q including any extensions.
Cheap diesel deals big setback to natural gas truck sales
Nov 5 (Reuters) - Sales of trucks powered by natural gas are sputtering and growth will be far weaker this year than last as tumbling diesel prices prevent drivers from switching over to the cleaner-burning fuel even though it is cheaper than it has been in years.
Sales of medium and heavy duty natural gas trucks are expected to rise less than 1 percent this year after climbing nearly 27 percent in 2014, Power Systems Research, a St. Paul, Minnesota firm that studies engines, told Reuters. It cut that projection from about 4 percent earlier this year.
Lured by lower fuel prices and the desire to please increasingly emissions-conscious customers, the trucking industry in recent years has been adopting natural gas as a fuel source despite far higher costs for the trucks.
But now oil's more than 50 percent drop in the last 16 months is setting back the natural gas truck market by several years.
"Adoption rates of natural gas engines will ultimately depend on the price of diesel fuel," said Jim Downey, a vice president at Power Systems Research, which now thinks it will take until at least 2020 for 4 or 5 percent of U.S. trucks to run on natural gas, not 2016 or 2017 as previously projected.
A few thousand natural gas vehicles are sold each year for long haul trucking in the United States, compared with some 3.4 million class 8 trucks - the heaviest duty truck classification - on the roads.
Though benchmark U.S. natural gas has tumbled by more than 20 percent since late September to around $2 per million Btu on some days, the cost savings of using natural gas versus diesel is narrower than it was a year ago.
That benefit has dwindled to about 15 cents a gallon, down from 50 cents a gallon a year ago, said Raymond James analyst Pavel Molchanov.
When potential buyers factor in the tens of thousands of extra dollars for natural gas trucks, the switch doesn't make sense as it used to for many.
"I don't know of anyone looking at it for monetary reasons anymore," said Kurt Palmer, director of sales for the leasing arm of Palmer Trucks, a Kenworth truck dealer with locations in Indiana and Ohio. "It slowed almost to a crawl, and for a while it was the hottest thing going."
Palmer Trucks has sold or leased about 70 natural gas trucks this year, down from about 100 last year, Palmer said, adding that most business this year was from existing customers replacing older trucks, not people switching to natural gas.
Contract Transport Services LLC, a regional trucking company in Green Bay, Wisconsin, has added 31 natural gas trucks to its 147-truck fleet since 2013 but is holding off on adding more.
"If diesel was at $3.85 a gallon I'd still be buying them," CTS President Curt Reitz said. Diesel is now around $2.30 a gallon in the Midwest.
Westport Innovations Inc, a Vancouver-based manufacturer of engines for natural gas vehicles, expects its U.S. business to be about flat this year.
"The U.S. market is going to continue to be a slow rise," Chief Executive David Demers said.
Despite the gloomy outlook among buyers and manufacturers, fuel supplier Clean Energy Fuels Corp said natural gas pricing guaranteed in long-term contracts appeals to many.
Fleets "almost prefer stability over low prices so that they can properly budget," spokesman Gary Foster said.
Dillon Transport Inc, based in Illinois, is still buying natural gas trucks because its customers require lower-emission vehicles. But the time it takes the company to recoup the additional investment has doubled to 3 years.
"We are still drinking the Kool-Aid," said Phil Crofts, Dillon's director of marketing.
MATERIAL IMPAIRMENTS.
In connection with the pending merger of Fuel Systems Solutions, Inc. (the “Company”) with Westport Innovations Inc., the Company recently concluded that an impairment analysis must be performed to determine whether the Company may be required to record an asset impairment charge. The Company has not yet completed its analysis to determine whether an asset impairment charge would be recorded. If applicable, the estimated amount of any asset impairment charge will be determined by the Company as it finalizes its financial statements for the period ended September 30, 2015.
Accordingly, until the Company determines whether an asset impairment charge would be recorded and, if applicable, the estimated amount of any asset impairment charge, the Company will be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2015 (the “Third Quarter 2015 Form 10-Q”). The Company is working in good faith to complete its analysis. The Company expects to file the Third Quarter 2015 Form 10-Q once the impairment analysis is completed which may be beyond the date for filing such Form 10-Q including any extensions.
If that is all that was filed after all this time...I would be very worried if I was long....
Yep, been shorting WPRT for years...
The run-up was your typical "buy on the rumor"...
Will we see "selling on the facts" next week when the earnings are released?
I am still holding a bunch of OTM options, just in case the merger turns out to be another WPRT disaster...
Yes great news... We are down 90%;
We can't meet our debt obligations :
We can't execute on our stated strategy and goals;
We didn't do ANY of the deals we said we were going to do;
"The captain of the Titanic, is pleased to announce that fresh crushed ice for your cocktails is being served on the promenade deck.." This sounds like good news to me too.