Plug Power Inc (PLUG)

[ID Supermoney]

I am catching up on Plug and some of this is funny!!

As consideration, we issued 530,504 shares of our common stock, par value $0.01 per share, or the ReliOn Shares, and assumed certain specified liabilities of ReliOn. The ReliOn Shares were valued at $4,000,000. Pursuant to the asset purchase agreement, we filed a registration statement with the SEC to register the resale of the ReliOn Shares.

On April 2, 2014, we and our wholly owned subsidiary, Emergent Power Inc., or Emergent Power, entered into an asset purchase agreement with ReliOn, Inc.

Man would I be Pissed if I was owner when this offer was given out!!

$5.50 a share vs $7.50 a share!!! that is $1 million less!!


GLTA


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