Wednesday, June 21, 2017 11:45:33 AM
a) profitability is currently scheduled in Q3 or 4 2018 NOT this year - why does everyone think they said that - listen to the calls do not make up things.
That was only change because the tax credits were no renewed, before that Marsh predicted profitable 2017.
b) the 500m a year is well within sights now check their analysis from 2 years ago (a pyramid diagram), The only missing element is the signing of the China contract which will be for roughly half their businss over the next 3-4 years (13000 + proGen engines and hopefully ProGen stacks as well)
Weren't those prototypes supposed to be delivered March 2017, this is almost July right?
c) if Workhorse wins the USPS and Amazon delivery vehicle contracts using Progen Engines and stacks then $500m is a low ball number.
Key word IF
d) The company hasn't stated what they will do with the increase in A/S, IMHO it is an anti -takeover move not a move to raise cash
"Plug Power, the Latham hydrogen fuel cell manufacturer, plans to sell up to $200 million in stock or debt to raise capital for its global expansion." Global expansion truth or excuse?
e) they are raising cash for the current year using an ATM shelf filing not sure where you get those prices from?
20 years raising billions on the backs shareholders (their ATM) how much profit to show for it?
g) I hope they do raise cash they need to establish a JV with the Chinese partners - or finance building a factory there.
If the money goes for that and not to sell fuel cells at a loss to give the appearance for growing while still losing million. Even you have to admit when you lose 57 million dollars you have to get it from somewhere to pay the bills.
h) they are already planning a 3rd shift in Latham and may be Washington State
What does that mean if they are losing money on every fuel cell they sell, only that they will be losing more money. No profit ever remember.
Propaganda, from the people who are trying to sell their stock, let's get some outside verification (SEC,China, Amazon) before we get too excited stall we.
Currently the market does not support your enthusiasm of the future events that you believe are going to take place.
And I do believe the market has some pretty researchers working for it.
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