Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

Yes, it is interesting. I had advocated voting against the last compensation package but seem to recall that I was then bombarded with data supporting overall improvements, which in turn at the time supported the outlandish compensation packages in the writer's view. Times change I suppose, as evidenced by the vote tally. "The mice have to smell the cheese" commentary was insulting. Profits used to be predicted to be "just over the tip of my skis" or "within the next two quarters," but now due a blinding snowstorm know one seems to know when that crucial point will be reached. The Queensland project receives no mention and it now seems that all hope is on the economic revival of Europe.

DJ did confirm my theory, put forth in my last post, that future growth lies in the commercial building sector and although they, Capstone, will continue to participate in the oil and gas sector for decades to come they feel that their real niche will be in baseload and off the grid load power requirements of commercial buildings.

If Capstone is really serious about the growth of the LNG shipping industry (DJ's projections, in the slide presentation, on the LNG new-builds was overly optimistic btw) Capstone should be in close contact with TOTE Maritime who just signed a contract with NASSCO just signed a contract with NASSCO of San Diego to build up to 5 LNG powered 3100 TEU container ships. Tote has also signed contracts with NASSCO to convert two of their Orca class Diesel Electric propulsion container ships to duel fuel diesel/natural gas. Most of the new-build LNG ships are being propelled by tri-fuel diesels electrics. Capstone's niche in these plays will be in the auxiliary power generation component for which I think they are ideally suited. It's nice to see to "potential market" pie charts but penetrating them is another matter. DJ admitted as much in saying that no one wants to be the first on the block to try new technology. Ocean going shipping is one of the slowest industries to adapt to change, but if you are interested in the market you have to go after it.

Emissions Control Area (ECA) fuel sulfur content requirements of MARPOL Annex VI regulation 14.4 is a game changer and presents a great opportunity for Capstone to strut their stuff--just looking over the tips of my skis...