yesterday his support for a plan that "includes wind energy corridors, solar energy corridors, natural gas for transportation ..." Sound familar huh?
Big for CLNE FSYS CHK and so on.
CLNE is a screaming buy and hold now. Whether it is at 10 bucks, 12 bucks or 15 bucks this week is not important except to day traders & the Shelf registration is designed imho to get rid of them forever. As for the rest of us, this is the time to get into this stock at a very low level. It has nowhere to go but up in the longer term, especially with Boone Pickens (a major CLNE stock holder & director) pushing his energy plan in a 60 million buck ad campaign
Since it was already public record that CLNE is authorized to issue 99 mln shares and only 45 mln are outstanding, I don't think the shelf registration is going to have much effect on the stock price. We will find out tomorrow. IMO
What about when T. Boone exercises his warrants? Dilution there too? Currently Outstanding Warrants In December 2006, we issued to Boone Pickens, a director and our largest stockholder, a warrant to purchase 15,000,000 shares of common stock at an exercise price of $10.00 per share. The warrant is fully exercisable in whole or in part by cash payment of the exercise price and expires five years following the date of grant.