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Seems like they ate working in Florida this winter. Did Plug finish Savanah Geotgia last winter project Hib?
You missing the point made " support with debt or credit" " new entities " ? What new entities is he talking about supporting ?
Sam, it would be good time to offer solutions where storms hit. Opportunity for plug in telecom , ground equipement and machinery, power grid etc,, and am oto get politicians pass tax credit exrension ?
Did Walmart warning weigh Plug down ? Plug reported 30% of 2nd Q revenue from Walmart, Also reported recently at conference an effort to renegotiate Walmart contract . Contract change to free up cash for Plug. Interesting.
I agree 100%.
Old company has new company name and auto, construction and aerospace business as well as all debt.
You keep 100% of shares.
New company commodity alumina and aluminum business.
You receive 80 % of the number shares in new company of the shares.you held in old company
The remaining 20%will be used to increase shares on market.
955 bless your heart....lol. You caught the Mr. Sperling connection. Connecting the dots. As I stated many rimes , being from Illinois, this started with Bill Clinorn and Obama in 1995 Chivago meeting. (The cesspool of the USA). The transition was from Clinton to Gore to Hilliary . Didn't work that way. But, Obama was encouraged by Clinton to get into politics. Clinton plan was Gore, Hilliary and Obama. 32 years to destroy and remake America into their visions. Scary. 401k message to naveycomader eluded to some unknown fact about TARP money moving into banks , transferred to Clinton foundation then distributed to foundation special interest, Had not heard that story. Is that the big story wiki leaks was going to expose? Get this my young female barber informed me 6 murders associated with Hilliary since campaign started. I said I only know of one and he was on the DNC campaign committee . Wikileaks became concern about security since this victim was wikilleaks source on Hillary / DNC assault on Bernie Sanders.
Correct !
From what I understand from Sweeney's order, she read 56 radacated documents that provided enough information.to.convince het she wants the unrasacated official forms showing names and other facts that were redacted . Leaves no doubts who said and did what. Will nail Treasue and Ptrsident and others,
White corona , rather simple math my way or your way with pe figured, neither outcome results in $50 pps as discussed. If I recall the figure on preferred $34 billion non cumulative figure was addressed as shares in new company. Also, stated earlier post suggest common were to hold the legacy business. In return gov keeps sweep money paid gov. That is as close my memory goes. Common payout depend on price move as time requires to blow out business over many years. Lots of holes. Berko having discovery many secrets probably glad offer niched.
Chess if you are using 52. Billion.
Fannie has 1.2 billion shares
Freddie has .6 billion shares
Total shares 1.8 billion shares
52 billionaires dollars / 1.8 billion shares =
2$28.8888 per share
Source please. We are showing a conflict between sources. Thank you in advance,
I Hope you are right. However , I find IHUB and TDAmeritrade more reliable and they both show 16% ownership. Again, I hope you are right,
One of Berko's funds are a party to that suit.
loser pays. If Perry loses, he files bankruptcy. Gov still pays.
That is interesting cause downward direction was last couple quarters. I think AM encouraged the shorts when he suggest if DTC may not happen in lam session and profit may not until 2018, Before AM stated remarks shorts were sitting ar 29 million.
On FMCC mb, Obit's explanation of Sweeney' s compel order 270 ......
" The defendants' have been withholding documents by attempting to exert executive and deliberative privilege and taking extensive time to deliver. This procedural tactic is holding up the case from moving forward since there is no justified privilege present. They were compelled to produce document in order, 270, originally filed on 11/23/2015
**SEALED** MOTION to Compel , filed by All Plaintiffs.Response due by 12/10/2015. (Attachments: # 1 Appendix Volume 1, # 2 Appendix Volume 2, # 3 Appendix Volume 3, # 4 Appendix Volume 4)(Cooper, Charles)
You can check this docket site to see how they delayed Order 270 by requesting extension after extension. A year has almost past.
http://www.plainsite.org/dockets/u007n92d/united-states-court-of-federal-claims/fairholme-funds-inc-et-al-v-usa/
Judge Sweeney's order is compelling production of documents per 270 and added a punitive measure of a writing a justification memorandum that gives the threat of payment for the Plaintiffs expenses that are connected with the motion to compel."
From Bradfird article " The motion to compel in Judge Sweeney's court being ordered in the Court of Claims makes an investor wonder why Pagliara can't inspect the books and records. " I agree. Tim P should of waited for Sweeney Compel order. Such would gave Tim access to Fairholme discovery. This gives me impression cases not communicating with each other.
Of course with Sweeney protecting documents from public and plaintiffs, she saying we have " no rights" as plaintiffs to this information ? How is a government body accountable to and paid by taxpayers entitled to such secrecy. ?
I am no legal advisor. However, watched a lot of "Perry Mason " at the Holiday Inn. Seriously, common sense tells me Judge is the referee of the match. Must stay unbiased and decide the match based on facts presented by both sides. Because some of facts are in executive privilege documents than according to the rules agreed only judge and plaintiff lawyers are allowed to see. Yes, a lot of unnecessary bs can go on forever. But the judge has to use his/ her authority to minimize the bs to allow the cases to progress. We all would like it finalized tomorrow. I have been waiting over eight years, gltu,
"Amend" is the legal term to change , add, remove complaints, has been done a couple times by Former Chief Justice MoeRon Steele in Delaware case. Changes can be made as facts are discovered.uuuuuu
Not a lawyer. Following cases closely in my interest.
Unemployment may be great in Pheonix, here in the Midwest fast food is doing great but fine dining closing left and right. If you are on SS , you can not even afford coffee. Obama raided SS in 2011 budget negotiation to pay welfare payments. That amount was $700 billion. SS cola total increase for last 8 years has been approx 7 % white rent, food, utilities, energy, health insurance premiums , medical cosr etc. have gone through the roof. For some retirement funds in pension and markets were destroyed. Interest on savings and CDs has been pennies on thousands of dollars. No economic positive contribution from seniors as a whole. Nothing but negative.
One of the most stable business in good or bad times has been insurance companies. Northwestern Life is one of the top stable life insurance companies. They just announced a 20 % layoff to be immediate. Reason cause low interest rates making it impossible to meet demands on policies rate of return and payouts. This a major contributor drag.
Same thing with Illinois Blue Cross Blue Shield and probably any insurance company. Probably reason why fed wants to raise rates.
But if Fed raises rates, interest rate on national debt goes up and business cost go up increase chance marginal jobs reduced , wage increases stop, just more deter action.
Are we heading into a road on road to no return?
Also, remind that Arizona was a major player in defaults and forclosures.
New Great article post from YMB :
Inc. (NASDAQ:PLUG) Clean Tech Innovator"
Dated 9-17-2016
"Plug Power, Inc. (NASDAQ:PLUG) is gaining momentum rapidly. Current volume is at 3.27mil vs avg of 1.72mil. One of the fastest ways to make money in technology penny stocks is by recognizing a long-term trend and finding ways to profit from it. And one big trend that investors are embracing right NOW is the move to what legendary Silicon Valley investor Vinod Khosla refers to as “clean tech” – which you could basically define as any technology that runs cleaner and smoother than today’s carbon-based fuel sources.
Check out what’s happening with billionaire Elon Musk. He has not one, but two clean tech companies – Tesla Motors (NASDAQ:TSLA) and SolarCity (NASDAQ:SCTY). But how do you play the clean tech sector if you don’t want to invest in expensive stocks like Tesla Motors (currently trading at over $200 a share)?
One proxy stock could be Plug Power (NASDAQ:PLUG), which has shares trading at $1.44. The company is a global leader in fuel cell solutions for hybrid-electric vehicles, including advanced batteries for factory forklifts. Maybe that doesn’t sound that exciting, but it is to big companies like Wal-Mart, P&G and Mercedes-Benz, all of which are customers of Plug Power.
The reason is simple: the modern fuel cell technology being developed by Plug Power could disrupt how hybrid vehicles are powered in the future. Just think of all the momentum around Tesla’s plans for a new GigaFactory in the middle of the Nevada desert – the future is in producing next-generation power cells. Plug Power GenDrive fuel cell units currently receive 90% of the hydrogen fueling in the United States.
“Mitsubishi Nichiyu’s decision to promote hydrogen and fuel cell solutions at Japan’s premier logistics event is a high profile way to take our collaboration to the next level,” said Andy Marsh, CEO of Plug Power. “We’ve made significant advances over the last 12 months and I look forward to working with Mitsubishi Nichiyu to take this joint solution to the marketplace.”
Hydrogen and fuel cells offer a clean and reliable alternative energy source to customers
INCREASED EFFICIENCY
When compared to conventional power generation, fuel cells can increase efficiency levels over 50 percent.
HIGH RELIABILITY – ROBUSTNESS
Fuel cells have a reliability rating of 99.9%, and Plug Power guarantees the uptime of its products at 97%. Simplicity of design and very few moving parts result in a robust, reliable power solution. Elements that shorten battery life, such as temperature, do not affect the lifetime of a fuel cell.
FUEL FLEXIBLE
Fuel cells can operate on multiple fuels, such as hydrogen, natural gas, propane and methanol.
REDUCED GREENHOUSE GAS EMISSIONS
Fuel cells significantly reduce greenhouse gas emissions. In fact, when fueled with pure hydrogen, the only by-products are heat and water, making this a completely sustainable power source.
Big things happening over seas;
Plug Power has validated the business for industrial mobility fuel cell applications in Europe in 2016 as many firms are seeking new technologies that can deliver higher productivity and better environmental sustainability. In just one year, the company has secured three major customers and installed its first European GenFuel hydrogen dispensing system. Most recently, Plug Power announced The Carrefour Group as a new retail customer in France, where Europe’s leading retailer will deploy more than 150 GenDrive units.
“We are determined to continue this momentum,” said Andy Marsh, CEO of Plug Power. “The IMHX event enables us to showcase our value to a very focused segment of industrial equipment users, who are looking for innovative and sustainable ways to improve their business.”
To Find out the inside Scoop on PLUG Subscribe to OracleDispatch.com Now by entering your Email in the box below
plug
Shares of PLUG currently trade at $1.44, which is at the low-end of the stock’s 52-week trading range ($1.30 to $2.98). The company’s total stock market capitalization is $259.68 million. There’s definitely a lot of excitement around the company – on August 17, the company was even selected to ring the NASDAQ closing bell in New York’s Times Square.
StockTwits presently gives PLUG a positive social sentiment rating of 71%. The sentiment chart is based on bullish and bearish sentiment shared by StockTwits users of a rolling 7 day basis.
PLUG is largely flying under the Wall St radar. Savvy investors who are plugged in (no pun intended) to whats happening in the world of clean energy and reducing carbon footprints see a company that’s on the brink of becoming a major player in the alt energy market.
JMI Less
USA Government has become the new standard for "Corporate Raider ". I thought Corporate Raiders were outlawed.
There you go ! Gov has lied about every thing since B.C. . And, now want their word over Berko etc., or why would Berko lie ?
What is not discussed is recap and compensation for stealing intellect property for platform.
Yank , you know from Berko ands other confirmation that settlement talks were being conducted in 2014 until Lamberth decision in October 2014. It was not BS.
Google top 2 Internet retailers......
They list top 25
Top 3 as of July 2016 by rank
Amazon, Walmart, Apple
Walmart and Amazon. Amazon took #[ after reporting 2 q earnings.
Conclusion.....
We have Walmart
It was reported many times before plug assigned someone to work with Amazon.
The winner to Andy's riddle is Amazon.
GLTA
Disagree...... Plug competes with batteries . Price has not moved with oil up or down.
Yank , you are not that niave. Gov already have broken ever kind of law to reach this point. The law is immaterial now. The gov of Kentucky projecting blood going to be spelled if Beast wins. Folks should of known this way it ends.
300% revenue growth and constant -.07 to -..05 non GAAP constant every quarter for last 2 1/2 years.
Be careful. Liberals will paint you nuts or crazy. But, I agree that Scalia 's death timely. Just before an elections where door is open to place another big government liberal unqualified political directive judge.
Navy, I read this article last night. I quickly came to same conclusion. Why this article at this time and sponsored by who ? Interesting JH comes out with a bill to " CHOICE " couple of days before courts 2 dismissals and the JH request for more frequent dialogue on conservatory ending (actually just a rehash request for treasury to do infinity study of conservatory ending with ENDLESS ANNUAL REPORTS of findings )
So this bashing article and JH request means something , but what ?
Interesting Andy blames depressed stock price on uncertianity of FTC . Someone pro got to tel Ballard investors.
Problem with price is the -.07 earning pps last couple of years later with 300% increase in revenue during that same period,
Now looking at not breaking even until 2018 . Didn't think FTC was going to have an effect on breaking even 2017 ?
If they increase revenues 50 % in 2017. LThat is on average $56 plus million per quarter. That blows up even/ profitable at $50 million per quarter if cash flow positive 2018.
And, 80 % Plug stacks in 4 th Q 2016.
Range extenders 4 th Q 2016
Additional notes from conference:
Notes on the 9-13-2016 Investor Conference Presentation by CEO Marsh
Currently have 14,000 + Units in the field.
Qtr 4 will see on-site hydrogen generation deployed.
See Service business innovations, "seeing" each Unit in the field from HQ & doing basic maintenance remotely, without visiting the Unit in the field; will anticipate & replace problem parts BEFORE they have a problem; This will cut costs for Service business, and improve uptime, to the point of 100% goal.
Customers: Walmart, Kroger, P&G, BMW, Mercedes Honda, etc.
Will have $275 in bookings in 2016 - on track for this.
One of the largest internet retailers in the world has signed, and will be installations in 2017.
Mitsubishi in Japan is showing off PLUG's products at their logistics trade shows now.
By year end 2016, will have 25 + Distribution Centers with Walmart; Will continue to add 1-2 DCs per month in 2017, they have all of 2017 scheduled for Walmart. They do it "because it saves them money".
Lowes, Home Depot are looking to expand their footprint with PLUG.
14,300 Units shipped by year end. But there are 2.5 million forklift trucks in the world that they see as lining up with their business.
Noted Revenue growth of: $64 million in 2014, $100 million in 2015, and 2016 will be $150 million (non-GAAP).
On track to have a 60 % improvement in operating cash flow in 2016, and will be operating cash flow positive in 2017.
Gross margins are on a "Typical tech Co. curve". Today's costs are 70% lower than initially, driving gross margins higher.
Today 80 % of Units being shipped are using PLUG stacks.
Have achieved scale purchasing power with suppliers, due to 14,000 + Units in the field.
"Today, where there is an internal combustion engine, there is an opportunity for a fuel cell or FC + lithium battery option". Industrial applications, light rail stationary applications mentioned.
P&G has automatic-piloted vehicles running with PLUG stacks right now.
Qtr 4 will see FedEx "and others" deploying range extenders.
"Just did a 2.5 million deal with a Taiwanese company to use PLUG's 'base engine', which is FC Unit, lithium battery & control system".
3 reasons for stock price being depressed/down at the moment: FTC, financing, future capital needs.
FTC: Expect renewal in the lame-duck session for a 5 year extension, based on contact with Sen. Schumer, Speaker Ryan, Leader Pelosi, & others. Noted that even if not extended at all, it would only delay cash-flow positive to 2018.
Financing: $30 million of project financing this year. Reserved cash is now rolling back from being restricted earler.
Base market will continue to expand by 50% annually.
Range extenders, automatic-guided vehicles, stationary units are immediate expansion markets.
In Q&A session, noted:
One PLUG customer did a study & found that they now do 57 lifts per forklift per hour with PLUG's System, vs 37 with batteries.
PLUG saves them labor costs. The upfront cost is 30-35 % higher than lead-acid batteries, less vs lithium batteries, but the savings are reaped through labor savings; typical DC spends $25-30 million per year on labor, so enhancing productivity quickly offsets the initial cost & saves $$ going forward.
"Green solutions" have currently greater value/focus in China & India; China has incentives for fuel cells in latest 5-year plan. PLUG is engaging China in discussions as a market right now.
Noted that PLUG spends heavily on R&D, but that this has resulted in savings as Units are refined & improved, and also will enable expansion into new market niches.
Just FYI.
The podcast is available on PLUG's website.
JMI Less
Last week Delaware Case posted by Yank....
"Sleet under attack from Fannie Plaintiffs?
First he is told that Hindes, Jacobs wants a supreme court ruling on novel matters and that plaintiffs have requested that a more senior justice than him rules on the matter. Now Tim Pagliara tells him to "take a hike" because he has no business ruling on his demand to review records.
Bet Judge Sleet gets up, early each morning, and tells his wife how excited he is to be heading to court to advance the Fanniegate cases pending.
NOT.
JMHO. Less"
Very observant how it developed.
Good evening Obit. Always read your post for insight. Thank you for sharing your time and knowledge.
For clarity, Hinds and Jacobs case in Delaware, the plaintiffs request through motion a desire for the case to be moved to another court that provided a more experience judge. Is this dismissal of this motion tied to that motion to move case to another court as a poster implied earlier ? The motion is linked in the GSESlink.com.
Also, the complaint was suppose to be a jury trial. If the certification is necessary in presentation to plaintiffs case, how does the judge assume it is not material based on the outcome of the other dismissed cases.
Secondly, if it is a jury trial, how does the judge have that authority to judge what is or isn't important ? He basically said plaintiffs did not make a convincing argument . Hard to believe Retired Supreme Court Judge MoeRon Steel could be so discredit by a lesser experience judge. But, as you said what is suppose to happen is not happening.
Last, do you think a good probability case going to be a dismissal and case moves to appeal ?
When judge recused self from case for 16 shares he don't know his fund had purchased.... Who was responsible for doing the research and why? Hmmm, maybe government. So why is the fund manager releasing personal info to gov search and destroy mission ? Maybe to plant a favorable gov hand pick judge .
Point is market did not respond to recused judge. Who couldn't figure what was going to happen next.
The decision will have no affect on PPS, Appeal decision will have.
Checking instiirutional ownership, shows it dropped greater then 1.5 %.
Right on the button. Discovery was necessary ( government) involvement beyond authority granted under HERA vs FHFA ( independent as conservator ) is prohibited from outside influence. Discovery was needed to the support of this violation of the stated intent of the law of that relationship.
HERA Is a regulation for a conservator in a event of putting FnF into conservatorship or receivership. Question that escapes discussion and another clue why this event happen is the clause requiring profits be removed and transferred from shareholders to HUD control Government Housing policy Trust Fund. Some idiots think that is ok but it is against the constitution. Even Idiot Bill Clinton proposing reform that gives shareholders $2 per share settlement , gov exercise warrants and pass into trust funds. HERA IS totally illegal. So why hasn't BRADFORD, HOWARD, MORGANSON AND ALL OTHER VOCAL NOT ATTACKING THAT ISSUE. That has been there for 8 years. And , it is OK with them?