Replies to post #3777 on Clean Energy (CLNE)

[SteveStack]

CLNE mgmt is now in legal trouble - this comment from MF
My dear Jason, please don't quote my article out of context. These are not my words at all. They are those of Morgan Stanley which postulated that ALL of the convertible note holders will somehow want to trade debt for equity by the end of 2014 at the exercise price of $15.60 - see Exhibit 28.

CLNE's equity interest in EJ Madison is material information which was not disclosed in the April 1, 2014 press release. Further, ample evidence exists that the misrepresentations in the recently-retracted Brian Powers video artificially propped up the stock and induced convertible note buyers to lend during the period of time from November 2011 until February 2014.

I have one question for you and then I'm going to put down the pen for a while: Are you wiling to ask CLNE the hard questions posed in my article and report back?

* List up all of the supposed 96 "truck-friendly" CNG stations in its network which can both physically accommodate Class 8 vehicles and dispense the trucking industry standard 10 DGE per minute per lane.
http://www.fool.com/investing/general/2014/06/04/clean-energy-fuels-sell-thesis-what-should-investo.aspx#commentsBoxAnchor
* Make the commitment to disclose when press releases include information on customers who are not at arms-length.

* Make the commitment to end the dissemination of misleading statements as to LNG vs CNG in the retracted Brian Powers video.

* Provide information as to its agreements circa 2010 with Pilot Flying J (expiration, early termination).

* Provide estimates of LNG boil-off losses and how many trucks regularly fueling at a station bring this to zero based on current experience.

It is the role of authors and analysts to keep management's feet to the fire. I choose to be anonymous as delivering bad news can sometimes harm the messenger. But the investing public needs to see both sides, and I happen to know a fair bit about this particular company and others in the alternative fuel space. In my opinion CLNE is a very risky stock to own, not worth anywhere near its market cap, and is largely based on a flawed business model.