Clean Energy (CLNE)

[bajista]

Jack, When oil was at $100 the company was running up debt to build the stations that make the NatGas Superhighway. The build out was completed, a lot of those stations wound up in mothballs waiting for transportation companies to switch to new engines.That part of the business plan never occurred. (Never good to have a biz plan where you have no control of major factors that determine the outcome) The point is moot and doesn't matter anymore. The capital investment that they made will not generate enough income through small vehicle usage of natural gas powered engines. They are trying to adjust but it's a futile attempt given all the money they sunk into stations for big riggs.

Regarding overpaid management, I agree completely. That's the case, IMHO @ 50% of the corporations that are publicly listed.