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Yes, great job from $65 to $8 and change. Let's reward them millions. Makes as much sense as Bidens new rule on RE loans. Hey, they basically robbed the bank and had new shareholder pay for it and then undercut the price selling a block to SK at $29? We should have been wise enough to sell back then! Last post for the day I hit my 3 rants!
Look at 2021! This money should be clawed back!
They raped the company and shareholders in 2021 and should be clawed back!
Have they even begun work on the H2 plant in Ca. I have not heard anything in a long time. Seems everything here moves at a snails pace except the trajectory down of the stock .
Yes, we all knew this as Andy has talked about it, but to put out a post with no customer adoption seems kind of a waste and a desperate move as the PR has no excitement to it. Now if they said Avis has adopted this and will place them in 50 locations or something like that. Even better that Tesla is using them in 50 locations. Then it would have some pop, but just saying we are in the market that is brand new with no clients does not provide much confidence to shareholders. It just looks like another risky trial balloon that may or may not work.
Not sure if your statement is proved out by NEL's large losses on this business. We know for a fact we have no pricing power with our two largest customers we sold our souls to that control the majority of our current business and therefore our huge losses. Until we can either get cost way down and diversify our client base with products that have positive margins, we will continue to lose money. This mode of doing business must stop before we are forced to further dilute the stock. At this low a level it would be devastating to us shareholders and send us to penny stock land or force us to sellout. Don't say it cannot happen because where we are now could not happen either.
Seems to have stop the bleeding, at least for the while. I noticed they make both PEM and Alkaline products. Maybe we should have also to pick up more of the market versus just some of it?
Yep, and we continue down and we continue to watch because this is always the bottom? It is like the market is waiting for me to sell to mark capitulation and then it would go up and leave me behind laughing at my stupidity. Dammed if you do and dammed if you don't situation.
Well, still somewhat critical. On the Con side it was a surprise just after Andy said we did not need funds and dropped that bomb the following day. The selling of his shares to pocket what $30+ million in conjunction looked bad. Selling SK shares at $29 when they just did an offering at $60? Management being over paid and huge option while loses were more than income. The stock price tanked after that. On the plus side it opened up new markets we had not gone after and more opportunities. To this point we are still unsure these plans were the right move and will make us profitable. The jury's still out on the move in my opinion.
All the losers here. Must be nice to always be right and so very humble at the same time. Well, Jack I'm happy for people when they do well and sad when people lose thier hard earned money. I guess in my old age I have just become a softy.
Do you like pouring salt in open wounds and watching people suffer too? I think people feel bad enough losing their life savings to be reminded daily at how stupid they have been believing all the tripe put out by over posters and Andy. Enough feel betrayed by those we trusted and don't need a constant reminder.
Jack can you just deal with facts and leave out the sarcasm?
expecting $245-$400 million since there was so much touted demand. Hope they are paid a higher amount to hold product, if that is really the case. Who really knows with them anymore. If they will not tell you when deal are cancelled, then what else are they holding back? Can we really trust them. Still waiting on those pedestal customer announcement. You can be sure if the miss it will further erode any faith and cause us to go down if losses are near revenues again. Wish I'd sold a long time ago and held off until they got closer to making money, if that ever happens.
Q1 should be much bigger with the supposed delayed deals moved to Q1. A big loss will just bring on more selling and lawsuits for sure. People are tired of being told promises and when they don't happen, I guess we are just supposed to forget. I do think Andy has been misleading.
Wasn't that the one Bill Gates was pushing to be a grand solution? I wonder what went wrong with it? On the other post what's with this super-secret society and where did they get this information? Seems like someone is trading on inside information to me. It also seems very misleading for Plug to come back out with numbers last week while not warning on the first half. No wonder they are being sued with stuff like this going on. It also makes me wonder if all the talk of delayed sales was BS. How the heck long were they delayed? Did they really lose a large deal instead? I thought they were to be in !Q and now it does not look that way or 1Q sales went really down. Maybe the increase in shorts was a tell? This is really starting do stink!
Beware some clown that says he works with Plug is friending people on Facebook going by the name of Andrew Cathcart saying he's a VP of Dev. with Plug, but is just pushing crypto.
So, what do you know? If you are going to tout you need to back it up with something substantial that will raise the price of Plug and just not make a statement. No, and I have a feeling or wish it to go up does not count. Spill the beans.
I don't see much use for Hydrogen at all in these plans. For storage they are talking about salt mines. I see electrolysers, but nothing for transportation at all even in class 8 trucks. Very disheartening to read. In another piece I saw they spoke how cheapest H2 would be produced using nuclear sources and Alkaline cell, not PEM which does not work well with heat.
Just said methane\oxygen stage engines
I'm more than PO'd at the lack of support and the message it shows with everything going on. If he feels that hiding behind a non-Disclosure and lack of transparency is leadership then he should step down. You cannot go on bragging about yourself and touting all these deals and at the same time have the stock tank 80% in a few years and be credible. If he cannot see he's the problem, then it is time for the BOD to step in. Thing is these are the same fools that gave him all the stock option and salaries.
Yes, I hope after yet another lawsuit maybe Andy gets an ego check. Maybe that is why he's been so quiet? I will have to check Twitter's Plug page to see if there's any new information since it looks like that is their PR dept. communication now. I hope someone has put Andy's and Paul's feet to the fire because they have really screwed the us shareholders.
Well, looks like we either have a short squeeze or another dump and short interest has increased once again. This is troublesome at this price at the risk to shorts is much higher now with us at $9. My fear is they know something, or figure Andy will once again fail to beat causing the price to hit a new 52 week low. I have not seen the short this high in a long time. What do you all think this portends?
Sadly, we are suffering from believing him. He sold us dreams we wanted to hear instead of reality. On another note, the need for power hungry data centers will continue to grow exponentially with the coming of AI. The power needed to produce this data will be huge. If we can even have a small piece, it could be a nice business. Sure, would be nice to see if we are in this game or not or find out just who the winners will be.
I wish people would stop comparing us to Tesla. Marsh is no Musk for sure. I wish I would have realized that earlier and bout Tesla and not Plug. Sure, they have issues, but the guy is a dynamic leader and tells it like it is. Andy is like a child about to wet himself and tells us great things he cannot deliver and makes him look like a dreamer at best and liar at worst. We are suffering the consequences of believing in someone we thought was competent. We miss and we hit $5.
Sadly, I miss the cutoff dates as I made my big buy in 2021 when I transferred an IRA account. My first buys in a regular account where a very long time ago. I was up $30k in that account and down next to nothing now sadly.
I warned them this would happen. You cannot continually miss, tease deals, pedestal customers etc. etc. and not open yourself up to these lawsuits. Heck, I just may join in I'm so pissed off at the company and down 85%. Since the BOD is sitting on their ass and Andy and the gang treats shareholders like crap maybe this will wake them all up? You have to admit this one just might have merit. What they knew and when and why they missed? This should be Paul's swan song for sure and maybe Andy also.
I guess the judge did not own the land there or is working for the shorts to file a nuisance suit. Andy sure gives people fodder for lawsuits that's for sure.
Well, either they know something, or they are just betting the odds of another big miss is more than likely to happen. Since the next report will be out by Monday we will see if it has increased. Either way a beat will have us up 10% or more and a miss takes us to $7-$8 most likely. I do not see much of a middle ground. It might be wise to have a stop loss just in case Andy misses once again. I have to admit while the lawsuit might have merit it will be a nothing burger most likely due to the Disclosure Statement that forgives everything but blatant fraud. Too bad it does not cover inept management.
That assumes the loans come through and their plans work. What if we don't start producing Green H2 in enough volume in 2023 to even make a dent and more delays happen to deliveries and projects since we are or are going into a recession? A sale of stock at this price would be devastating to us shareholders.
Well, that does not help us if we are still bleeding cash, and everything is delayed. We are not like Ga. Power that can be late by 8 years on a NUKE plant and stay alive because you can pass rate increases to all customers that have no choice but to pay or go without power. We will bleed out and have to sell shares if they are not getting Government loans and their latest plan to replace supplies with green H2 take forever. As it is Andy banked on that to make us profitable or at least that was his last hype. Who the heck knows if it is true or just another way to keep us invested. I wonder if any of them know what they are doing on if this is run by the seat of their pants from crisis to crisis putting out fires.
Sadly, we have no idea if much if any green H2 has been shipped or used internally yet. I guess we do get some from the Tn. plant, but not sure if that is all green. Have we got anything off the deal with Olin that showed so much promise? Seems the huge plants for plants and giga factories all over the US and world has slowed considerably.
Good synopsis. I wonder if it would be wise to have these options and be able to offer more than one solution. Maybe, a time will come when we merge or buy a competitor so we can compete better with the giants out there in the future?
I have heard the alternatives to PEM while not always better for certain application are much cheaper. I think many will continue using them with Nat gas until they are forced to change to green H2.
From what I have read companies going larger in the 5-10 range and not the 1 mw units. Not saying they are right or wrong, but what I had read.
As of this point I have no faith in Paul. From the accounting blunders to all the miss quarters, especially this last restated one. As far as small plants that seems to be where our competitors are going also in the 5-10 MW standalone units. I expect those will be for truck refueling, large data centers and operations, possibly charging stations, grids for green developments, manufacturing etc. Not sure what is slowing us down on all the 100's of billions in data centers potential out there. Not one deal announced!
So basically, a 2-year process to even start as this was passed in what 2021? And who knows if there are fights with the EPA against their own projects or local environmental groups.
according to the article the first phase awards will be in the fall so nothing happening short term to help us.
I guess they stroked a bigger check than PLUG could. OK it is a Good Friday so no one much will see it. Thing is they and the big oils will eventually control it all most likely. Maybe we get bought out so I can at least get some of what I'm down back, but this low it is doubtful. Happy Easter!
Because that is what they said they would do in 2023.
Just WOW! I just noticed why Ollie was canned. Look at this and compare it to what came out this week in the PR and see if you don't see what I see. Revenue Drivers Include: inflection in electrolyzer sales as our gigafactory ramps to convert on 2GW backlog; growing new large scale stationary product sales with deployments of over 30MW of systems planned in 2023; delivering on recent large scale liquefier opportunities; continued growth in material handling. Now this- Plug is on track to ramp its 2.5GW gigafactory in Rochester, NY to 100MW per month in mid-Q2 2023, with plans to further increase output in Q3 2023. So, if they are not doing 100W now and will be by mid Q2, which would be July, how in the heck are they going to produce 2GW's in 2023? The math just does not work and if they based projections on this they won't work either. Correct me if I'm wrong. Looks to me like over promise and not delivering will continue to happen.