all the news and activities of the past yr seems to indicate that this company is going down. Is the new president going to help? Who does he replace??
In the last conference call there was zero discussion about the status of the SEC investigation and the shareholder lawsuits. Does anyone know the approximate timeline for when this will all be disclosed.
In one of the public releases the company advised they terminated five (or about that number) people; does anyone know the names of the people terminated?
Who would appear to be in the biggest danger with the SEC investigation for the fraud relating to the financial statements?
I don't understand a company that is sooo tiny and hard up for cash, and needs a "president" position!?! Why can't the CEO take the resposibility. How hard is it to cook the books, decrease sales, burn through cash and take money (value) away from the common shareholders??? The new president can not increase value, and not in the position to increase value (especially if promoted from the inside...same people that knew about cooking the books).
does this cover the loan?....
HUNTERSVILLE, N.C. & PALM CITY, Fla.--(BUSINESS WIRE)--
Lime Energy (LIME) and Green Gas Americas, Inc., today announced that Green Gas has acquired Lime Energy’s 2.8 MW landfill-gas-to-energy project located in Charlotte County, Florida, through the acquisition of Lime Energy’s subsidiary, GES-Port Charlotte, LLC, which owns the project. Lime has applied the net proceeds from the sale to pay off the PNC Bank term loan used to fund the construction of the facility.
The project is located on the Charlotte County landfill and sells power to Orlando Utilities Commission through a long-term power purchase agreement. The project won the EPA’s Landfill Methane Outreach Programs’ Landfill Project of the Year for 2011.
“We have been privileged to partner with Charlotte County on this project,” said John O’Rourke, chief executive officer of Lime Energy. “Green Gas’ deep U.S. and international development and operational experience in the landfill sector make it the ideal owner for the project.”
“This acquisition marks an important milestone for Green Gas Americas to further expand our company’s mission of building a portfolio of landfill gas to energy projects,” said Duncan Cox, Green Gas’ President. With this acquisition, Green Gas International, the owner of Green Gas Americas, adds to its portfolio of renewable energy projects, which now exceeds 120 MW of projects that are owned operated and maintained by the company. Green Gas uses its expertise to develop methane waste gas to power projects to the best interest of all stakeholders.
About Lime Energy Co.
Lime Energy is building a new energy future. As a leading national provider of energy efficiency for small business customers, Lime designs and implements direct install programs for our utility clients which consistently exceed program savings goals. Our award-winning, integrated services programs provide utilities with reliable energy efficiency resources while delivering the highest lev
another division gone....lean and mean?....
HUNTERSVILLE, N.C.--(BUSINESS WIRE)--
Lime Energy (LIME) today announced that it has sold the assets of Landmark Service Company, LLC, to Worth & Company, Inc. Landmark Service focuses on providing mechanical servicing to commercial and industrial customers in Pennsylvania and surrounding regions.
Worth is the leading mechanical systems provider in the Mid-Atlantic and will assume Landmark Service’s contracts and certain liabilities. The majority of Landmark Service’s employees will become employees of Worth.
Lime Energy, a leading provider of energy efficiency solutions for utilities, completed this sale as part of its increased focus on utility direct install programs, the fastest growing segment of the energy efficiency space. “This sale reinforces Lime’s commitment to serving its growing list of utility clients, and to dedicate the corporate resources necessary to maintain its track record of exceeding program savings goals and delivering customer satisfaction,” says John O'Rourke, Lime’s Chief Executive Officer.
I agree---after a 1 : 2 stock split. with all the great companies out there it's odd that people are choosing to invest in this outfit. Look at the chart. You'd be better off in Las Vegas even if you're drunk at the table. Look at MZOR, MITK, ALSO and HIMX. At least 2 will boom and none will perform like LIME.
Going to cut my 60% loss and moving on after 1.5 years of total BS!!! For a GREEN company, LIME management is opposite of efficient!!! Can't manage what they preach, so how could they be good at their core business???
Didn't they say this q might be a profit? Maybe wait until next earnings then decide whether or not to dump. You've hung in there this long and one more q may make it all worth it.
good point, but it is basically now below 40 cents. nothing but bs at lime. what bothers me is they promoted internally, the guy that probably knew about the fraud accounting numbers.
Yeah, but I hope that isn't the case. I hope that is why they got rid of O'Rourke (lack of oversight) and that was the last of the house-cleaning. I really wish we were seeing some PRs on all those contracts they said were to close this q. The silence is not very helpful.