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Clean Energy Fuels Corp. Message Board

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  • stockeropinion stockeropinion Sep 2, 2011 11:30 PM Flag

    Pickens sells out

    How old is Boone Pickens...80 something. He doesn't need to keep all his shares in CLNE. He probably wants to spend some before he dies! His wife still holds 1,700,000 shares. Note: there are some good Institutional holders and Mutual Fund holders invested in this company.

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    • the point is how did they did get their shares
      They got them to a discount to the rest of share holders besides management
      Boone is selling because of new law
      Clne has grown because of rebates and issue of more stock
      Theres only so much stock you can issue befor the stock is not worth much
      Boone had a choice several months ago to convert his warranta at $10 a share to stock
      This would have given clne $150 million dollars and they would not have had to borrow that
      He did not
      So any talk of him for clne is just talk
      It whats for him only

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