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Clean Diesel Technologies, Inc. (CDTI)

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1.93+0.01 (+0.52%)
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  • r
    roger luther
    roger luther
    Interesting share price action yesterday (9/18) ….. at least for me.

    CDTI opened at $2.00 and tumbled to $1.92 at the close for a loss of 4% on a volume of 208,238 ….. that's more than double recent volumes and about 32% higher than average volume indicating someone(s) was selling big time.
    But …. after hours 2500 shares traded (which is very unusual for CDTI) and at a price of about $2.10. So either someone is stupid and bought at 9.375% above the closing price or someone knows something and is starting accumulation.
    Remember, if you're selling CDTI someone is on the other side of that trade and that someone may have bought 208,238 shares at a dropping price and may have added 2500 after hours at a premium price ….. does someone think CDTI is a bargain at this price ….. and if so, at what level do they still consider CDTI a bargain???

    I don't know what to make of this …. yet ….. will today's action give me a clue?

    By the way ….. I have not yet received a response from CDTI regarding my EMailed questions ….. nor do I expect to get one.

    Roger
  • D
    Damec70
    Damec70
    so they off-loaded durafit, rid themselves of employee expenses, cleared their accounts payable related to durafit and got $3.2m of cash immediately. now they can focus on their core business and have capital to do it (for a while). why is the stock price sliding back below $2?
  • r
    roger luther
    roger luther
    I always admit when I'm wrong and I was WRONG in stating that I did not really expect a response to my questions from CDTI.

    I just got off the phone after about a 20 minute (9/19) conversation with Cathy Mattison. It was cordial and I expressed many of my concerns regarding CDTI and Cathy said she would communicate those concerns to the company.

    But ..... the bottom line is my questions were not answered. Employee level at the last 10K was 97 and she said that it would be updated on the next 10K ..... why not on every 10Q ..... are staffing levels such a deep dark secret? Regarding business relocation ..... nada and the same with the net value of any other DuraFit liabilities (other the $110K warranty) that may have been part of the AP deal.

    Believe me I didn't hold back ..... we discussed the years of empty promises and CDTI always "kicking the can down the road" and the $250M loss of shareholder value. I ask how would she would view CDTI from a shareholder perspective with the lack of performance and objectives attained on a timely basis or how the company could reasonably expect share price appreciation and/or investor confidence?

    We got into a rather deep discussion about taking CC questions only from CDTI's sell side analysts. Cathy stated that's a common practice and I responded that left the impression CDTI only cares about pushing its stock with minimal potential disruption and perhaps pre-submitted questions. I then ask why doesn't CDTI even take CC questions from other analysts, including from the buy-side ..... if there are any? Cathy did say that CDTI does take questions from various analysts from time to time on a private basis ....... which goes to prove we private investors will never be privy to the same information as institutional investors.

    And .... that's just a small sample of our conversation.

    We parted with my saying she could call me back any time if she got any color regarding my concerns and I told her I did appreciate her calling me.

    I can only hope that CDTI monitors this web-site (as I previously suggested to a member of CDTI management) and changes some of their current practices.
  • r
    roger luther
    roger luther
    I'M FIGHTING MAD

    Listened to the CC and I clearly stated I wanted to ask questions and pressed *1 twice when requested to make that clear ..... the result ..... I didn't get to ask any questions and only analyst did.

    So ..... what did I learn other than CDTI won't take questions from private investors.

    Supply deal with AP is only to facilitate the transition of DuraFit ..... nothing long term or of real revenue value in the deal. Beal said revenues from the transition are unknown.

    CDTI expects to reach op -ex levels of $2M by the end of the year ..... this should be a no brainer since 2nd qtr op-ex was $2.33M and they're getting rid of a lot of costs and employees.

    CDTI expects 2017 revenue to be $28M and by the end of 2017 margins are expected to reach the 40% level by year end.

    The sale is now closed.

    Inventory levels should significantly drop .... the deal says $2.2 was inventory and I believe that the 2nd qtr level was $5.33M so ..... we should see levels in the $3.1 range ...... but I expect we'll likely see them well under $3M.

    What I couldn't ask was:

    "How many employees will remain at Oxnard post transition." And since Beal touted how things are going swimmingly in China and India I'd have liked to ask "Why don't you move your operations to a lower cost area that is closer to your end customers." I would have also ask "What is your current forecast of the NET VALUE of the liabilities which may be assumed by AP ( are they restricted to the $110,126 in warranty or are there others.")

    You can be assured that CDTI will be hearing from me.

    Roger
  • r
    roger luther
    roger luther

    From: Becky Herrick
    To: rogluther
    Cc: Cathy Mattison
    Subject: CDTi questions
    Date: Thu, Sep 14, 2017 6:09 pm
    Roger,

    Thanks for your email. As a matter of practice, CDTi limits its question and answer session to its sell-side analysts only. So I apologize we weren’t able to take your questions live. I am working on the questions you sent over via the website and will get back to you ASAP.

    Best,
    Becky

    Becky Herrick, IRC
    Senior Vice President, Principal

    LHA Investor Relations: Results that Matter
    T: 415.433.3777 | M: 415.613.2462 | BHerrick@lhai.com
    44 Montgomery Street, Suite 200 | San Francisco, CA 94104
    www.lhai.com | LinkedIn

    This email and attachments, if any, may contain confidential and/or privileged information. If you are not the intended recipient, please notify the sender immediately. Any unauthorized copying, disclosure or distribution of the material in this email is strictly forbidden.

    From Roger:

    So, as I suspected, CDTI doesn't take questions from everyone ...... but ..... why would they limit questions to "sell-side analysts only" ..... and ..... what does that really mean ..... that they limit questions to analysts that are trying to sell CDTI shares only????

    Only one analyst participated in the CC and I were into conspiracy theories I may think that the questions from that analyst were submitted prior to the CC.

    So ..... what's the bottom line if this is the practice of other companies ..... restrict questions on information that may be negative and supply information only those that are trying to sell a companies stock?

  • r
    roger luther
    roger luther
    A quick read of the 8K reveals the following:

    I could find no reference of what the agreement to supply materials to AP is composed of or its duration or its value.

    CDTI paid off FGI FUULLY and terminated the deal. They paid $315,000 ….. at the time of 10Q they owed FGI $672,000.

    CDTI retains accounts receivable.

    AP assumes accounts payable, warranty up to $110,126 (at the 10Q this was $312k), liabilities related to debt (excluding taxes) ???, all employee expenses (at the 10Q this was about $1,190,850) but this is a little fuzzy for me to fully understand.

    CDTI retains intellectual property regarding coatings and materials.

    Read the 8K and tell me what you think and where I might be wrong.
  • J
    Julia
    Julia
    Is it time to make a move on CDTI? Yo you should really check out awe-som_sto-cks, they seem on point with their stocks.
  • r
    roger luther
    roger luther

    It's True

    OXNARD, Calif., Sept. 11, 2017 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or "the Company"), a leader in advanced emission control technology, has sold its DuraFit™ and private label OEM replacement diesel particulate filter ("DPF") and diesel oxidation catalysts ("DOC") product line to AP Exhaust Technologies ("AP Exhaust") for $3.2 million. In parallel with the sale, CDTi and AP Exhaust have entered a supply agreement whereby CDTi will provide coating and materials for AP Exhaust's DPF and DOC product lines.

    Matthew Beale, CDTi's CEO, stated, "Through the strategic sale of our downstream business, we have completed the final step in facilitating the transformation of the company into a provider of enabling technology to the emissions catalyst market by the end of the year. Our advanced materials and specialty coating business model streamlines our infrastructure, supports higher margins and improves profitability. While we will begin with less revenue than under our previous model, we expect to drive growth in our new powder-to-coat business in 2018 and into 2019 by providing technology to our manufacturing partners in the U.S., China, India, Europe and OEMs around the world. We believe our technology provider model is highly scalable, allowing us to contend for the more than 90 million vehicle market globally.

    "For the last several quarters, CDTi has been focused on the strategic repositioning of the business to provide our technology to other manufacturers, which dramatically increases the size of our addressable market. These activities result in a leaner, more focused organization with a strengthened balance sheet, and we are now positioned to convert our progress into long-term profitable growth."

    Terms of the Sale
    The agreement includes all tangible and intangible assets, including brands, intellectual property, equipment, customer agreements, private label programs and inventory. Additional details on the terms of the sale can be accessed via the company's Form 8-K filed today with the Securities and Exchange Commission at www.sec.gov or on the company's website at www.cdti.com.

    Kudos JG .... you had it right.

    What I find interesting are two things: #1. The low purchase BUT the supply agreement ..... question is ..... how long is the supply agreement and does it include areas other then DuraFit and #2. The sale of intellectual property which I assume is DuraFit related only.

    SEC.gov | HOME
    www.sec.gov
  • g
    george
    george
    Judge Jeanine Describes The REAL Hillary Clinton.........

    In her opening comments she accurately described HRC as a sociopath. I have known this for years. Her husband bill was selected because he too is a pathological liar. He actually believes the lies he tells. What is the meaning of is?

    Will the Clinton's ever ever JUST GO AWAY.? Please take your corrupt daughter with you too! Was it $2 million, or, $3 million in foundation money that she used for her wedding?

    For those that have not yet figured it out, Rosestein, Sessions, and Mueller are part of the cover-up.

    Yes, I too must face the truth.
  • D
    Damec70
    Damec70
    missed the earnings call, but read the transcript. more of the same promises they've made for years and now it sounds like these guys have zero in the hopper. even their ballyhooed partnership with haldor has vaporized. and they're running low on cash. is this just continued price pumping or is something else going on?
  • P
    Pops
    Pops
    Thanks George for continually finding everything negative you can. It always helps to know all the negative and none of the positive things about a stock.
  • D
    Damec70
    Damec70
    up almost 14% this morning. did cdti switch to producing crystal meth and opioids?
  • p
    pksmart
    pksmart
    will it go higher
  • G
    Grandslammer
    Grandslammer

    Can't believe you guys have not commented on this!!!

    This is the latest reason for the recent sell off.
    http://investor.cdti.com/secfiling.cfm?filingID=1104659-17-48350

    "This prospectus supplement updates and amends certain information contained in the prospectus dated January 10, 2017 (the “Prospectus”) relating to the offer and sale from time to time by certain selling stockholders of up to an aggregate of 6,232,750 shares of our common stock.

    This prospectus supplement should be read in conjunction with the Prospectus and is qualified by reference to the Prospectus, except to the extent that the information presented herein supersedes the information contained in the Prospectus. This prospectus supplement is not complete without, and may not be delivered or utilized except in conjunction with, the Prospectus, including any amendments or supplements thereto.

    We are not offering any shares of common stock for sale under this prospectus supplement, and we will not receive any of the proceeds from the sale or other disposition of the shares of common stock offered hereby."

    So basically the selling shareholders are saying there is not good news on the way to support a bump in the price. They are going to dump their shares before the next secondary or perhaps before the company goes belly up. Anyways, the dump is in process.........

    Clean Diesel, Inc. - Prospectus Filed Pursuant to Rule 424
    investor.cdti.com
  • R
    RJ Squirrel
    RJ Squirrel
    Another round of pump and dump. Longs, assume the position.
  • V
    Voodoo
    Voodoo
    Disruptive technology back in play
  • g
    george
    george
    CDTI Magement: "You will be hearing more about it in the second half of the year"

    This started 3 years ago. Each year they make a nebulous statement about a non-existent sale or relationship that never seems to come into being. 2017/18 is no different.

    The company with ZERO customer, falling revenues, which in almost 20 years has NEVER achieved profitability.

    Welcome to CDTI! The con job of the century. Is it true that Golden is actually being paid more than $1 million this year?
  • r
    roger luther
    roger luther
    I'll freely admit I don't understand what's going on at CDTI and how they're paying their phone bills.

    So …... I'll speculate that they FINALLY have some good news and that they're waiting for earnings and the CC to announce it.

    The question is how will any potential good news impact share price? ….. surely not enough to get me to break-even but maybe enough to get me out at my target price.

    In any case, if good news is not forthcoming I'll be taking a much needed tax loss this year ….. not ideal but not all bad.
  • g
    george
    george
    CDTI To Close Oxnard Facility & Move Into a Trailer Park

    Perfect, absolutely. bill can collect the rent, roge will be in charge of maintenance, and db tunar can conduct data processing from the club house office.

    After the close tonight (5 pm est) CDTI will announce the dissolution of the business. Finally, enough losing tens of millions each and every year.
  • D
    Damec70
    Damec70
    doesn't look good...
    ytd revenue: down almost 9% vs. 2016
    ytd gross margin: down almost 17% vs. 2016
    ytd expenses: down almost 44% vs. 2016
    ytd net loss: up almost 17% vs. 2016
    cash on hand (june 30): $1.6m
    cash burn rate: $1.3m / month

    they did a good job reducing expenses, but revenue is lagging and these guys should be really, really low on operating cash by now.