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Clean Energy Fuels Corp. Message Board

oeo2oo 5 posts  |  Last Activity: May 20, 2015 2:44 AM Member since: Jan 12, 2001
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  • Reply to

    From the Notification of Late Filing made today

    by oeo2oo May 18, 2015 5:21 PM
    oeo2oo oeo2oo May 20, 2015 2:44 AM Flag

    If you visit the SEC website, you can read the Late Filing Notification where they gave some preliminary data re the second quarter. The 10-Q will be filed today, ahead of the conference call.

  • Reply to

    From the Notification of Late Filing made today

    by oeo2oo May 18, 2015 5:21 PM
    oeo2oo oeo2oo May 18, 2015 5:24 PM Flag

    And that's not to mention that their CFO was totally clueless on how to account for warrant expenses. He ought to be fired, imo:

    During the three months ended March 31, 2015, the Registrant retroactively implemented, as of October 1, 2013, the correction of an accounting error relating to the valuation of certain warrants containing anti-dilution adjustment provisions issued in conjunction with private placements of 10% Convertible Preferred Stock in 2012 and 2014. As a result of this correction the Registrant anticipates reporting non-cash warrant valuation income of approximately $1.3 million and $5.8 million for the three and six months ended March 31, 2015 as compared to non-cash warrant valuation expense of approximately $9.0 million and $9.4 million for the three and six months ended March 31, 2014.

  • In addition, as a result of the operating losses incurred to date, the Registrant anticipates reporting working capital of approximately $0.2 million at as compared to working capital of approximately $0.7 million at September 30, 2014.

  • Reply to

    10-Q Filing -- Is it late?

    by oeo2oo May 18, 2015 10:03 AM
    oeo2oo oeo2oo May 18, 2015 5:20 PM Flag

    You weren't too far off:

    The Registrant anticipates reporting revenues from continuing operations of approximately $.47 million and $1.53 million for the three and six months ended March 31, 2015, respectively, as compared to approximately $1.26 million and $2.1 million for the three and six months ended March 31, 2014. Because the Registrant’s dual fuel technology displaces higher cost diesel fuel with lower cost and cleaner burning natural gas, the recent decrease in oil/diesel pricing has impacted the timing
    of dealer restocking orders and the implementation schedules of existing and prospective customers in the near term due to the current tighter price spread between diesel and natural gas.

    The Registrant anticipates reporting an operating loss from continuing operations of approximately $1.1 million and $1.9 million for the three and six months ended March 31, 2015, respectively, as compared to an operating loss from continuing operations of $.59 million and $.68 million for the three and six months ended March 31, 2014, respectively.

  • Seems as though the quarterly results should be out by now, no?

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