China Clean Energy Inc. (CCGY)

[GorillaGorilla]

They are going to do 22 cents or so this year. They have been ramping up this year - so you'd think that 2011 Y/Y are going to beat 2010 comfortably. Especially if the diesel keeps in demand. They were quite confident in giving a 2010 estimate so perhaps similar for 2011? You could imagine 26 cents ish.

They are looking at buying an oil supplier - that will boost the margin and the value of the stock. That will use between 8 - 10 million in, I assume mainly, cash. They are getting near that now.

There are some warrants but I don't know when / if they can be called in at a certain PPS.

They are at 89% and 26% of Specialty chemical and bio-diesel so they might need to upgrade the facility / get a new facility?

There certainly seems plenty of catalysts to get it over $2 if they are careful with their equity.

rich