i can look this up on Edgar. but do you know how much stock he owns, what % of it he's selling and/or has registered under 144, and how much stock he has options for?
it'd be hard to shake me outa my position. i'd buy more on a drop. they have 10 and 20 year contracts with calif. they are unregulated. as long as they deliver the wattage, they can use any power source: gas, gas/membrane turbines, hydro, coal methane, garbage methane, solar, wind - who knows what. over 20 years, these and technologies we can't dream of will drop the cost of energy production - and they've got calif locked in at minimums of $60 and 65. with businessmen on one side of the negotiation and scared, sweaty, slimy politicians on the other side. with the pols needing A CONTRACT ANY CONTRACT, and with cpn having leapt to their aid by being first to sign up i'll betcha cpn got a way in the contract to pass on any significant cost surprise. but do let me know if you know whether the ceo's sales are significant in terms of his holdings and options. |
