Plug Power Inc (PLUG): I think this an bad omen of the future f...

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Ecomike

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Monday, 05/25/2015 1:55:41 PM

Monday, May 25, 2015 1:55:41 PM

I think this an bad omen of the future for PLUG, BK!!!

http://www.greentechmedia.com/articles/read/Fuel-Cell-Follies-ClearEdge-Going-Bankrupt-Plug-Raises-124M-Ballard-Buy

Unless they get new management and find a product and a market they generate a profit in.

http://www.greentechmedia.com/articles/read/Fuel-Cell-Follies-ClearEdge-Going-Bankrupt-Plug-Raises-124M-Ballard-Buy

They lost half the cash raised they raised already in just 12 months.

The market cap is already insane for PLUG, no where to go but down as they burn cash and print more shares.

"The report also notes, "Plug has repeatedly diluted existing shareholders with five offerings since the start of last year, and the latest offering increased its share count by 21%, according to a regulatory filing."

Plug Power has never posted a profit.

Total revenue for the fourth quarter of 2013 was $8 million. For the full year 2013, total revenue was $26.6 million. Net loss for the fourth quarter and year ended 2013 was $62.7 million. The company has a market cap of $773 million."

The fourth quarter loss was 250% of the entire years revenue!!! OUCH!!!!