China Clean Energy: Meeting Deadlines Is Not Necessarily Good (at Seeking Alpha)

by: China Player posted on: June 25, 2008 | about stocks: CCGY.OB After briefly touching $2.81 last November, China Clean Energy has now lost almost 75% of its value, trading at approx. $0.75 per share currently. This is a sorry tale and has less to do with the management of the company than with where commodity prices are headed. After all, if it is no longer viable to profitably make biodiesel, then a great part of the reason why CCGY exists goes out of the window. But that is not the whole story. As touched upon in a previous entry on the company, we are still waiting for clarification from management as to how they plan to convert the still-being-built biodiesel facilities in Jiangyin for the manufacture of other chemicals. This has never been clear to me and CCGY never supplied details. And while the company insisted... [read full story]