TheStreetSweeper Cautious on Clearsign Combustion (CLIR)

TheStreetSweeper issued a negative report on Clearsign Combustion (NASDAQ: CLIR)

From the report:

This Seattle, Washington-based combustion technology company has forgotten Warren Buffett’s advice: “Rule Number 1: Never lose money. Rule Number 2: Never forget Rule Number 1.” The company consistently loses money, offers zero-revenue, no significant sales since inception in 2008, no analyst interest, virtually no institutional interest, an uncertain future and depends on penny stock promotions to keep the stock fired up. At this rate, a potentially dilutive stock offering may soon be needed just to fuel company operations.

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