Clean Energy (CLNE)

[bajista]

Jack, when oil was at $100 they were going into debt to build the network of fueling stations to serve the long haul TL transportation market. That, to me was the premise of their business model working. They were/are dependent on some other company manufacturing an engine for those trucks. At one time I think that there would have been a demand for that engine. Not at today's oil or diesel prices. What they've done now is focus on and trying to grow what I always considered incremental revenue in the larger scheme of their original business plan. If they succeed at becoming profitable, it might warrant a share price of maybe $5 in a few years. If one is initiating their first position they might make some money over a very long period of time. Anyone who bought it earlier, between the old highs and 5 bucks is IMHO screwed.

Agree with you completely on top heavy (and overpaid) management