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Not, what I said. They cover raising the price and then when the price gets up, they open a new position. While this tactic makes sense for traders for the long-term guys, they just are hoping to ride it to zero and never have to cover. By the way Jack do you know the terms of the lease agreements? If so, please share for us that do not so we know you are just spouting an opinion based on nothing but bias.
30% of shares short and most done in dark pools. They just keep covering and then adding more on top to hold down the price so they never have to cover.
How is leasing selling body parts? Most equipment companies offer this option. Also, a way to move inventory from the stockpile and increase cash flow. I'm not following your logic on this Jack.
HUge up day for the market, news and the stock does nothing much at all.
Hyzon just did a 1 for 50 reverse split. I surely, hope we do not take this route, but I cannot say it would not surprise me. I just don't think we are to that desperation point yet and maybe 45V and the loan will take care of it or at least stave it off for a few years.
That would be good for Plug as they have done a poor job managing Plug and have been less than honest with shareholders for a very long time.
Funny that this and the Toyota one come out about the same time.Not sure the big oil companies will like this.
If they were here to help, they would get 45V done and the DOE loan done.
Big questions are is all this anywhere close enough to make us profitable any time before we have to dilute shareholders again? Will we be cash strapped and have another round before we (assuming we get the loan) I just have no idea how far any of this moves the needle. It sure did not much last quarter. They have had years to make material handling profitable and never got close. You cannot give product away and spend twice as much as you make forever. Whatever happened to efficiencies lower cost 50% every few years. Whatever happened to Nat. gas prices being too high? (They have been very low all year) Just how much green H2 sales will it take to make money on fuel? They have talked about partners and everyone wanting to give us money for years. Well, besides toxic financing, it seems no one wants to deal with us. I guess they see what happened to SK. Speaking of how much money are we making in South Korea with the buses and h2, and fuel cells? Weren't they supposed to build a large gigafactory. What's going on in France and Germany at those offices? Just how many millions are going to Hyvia and will that ever make a dime? One with think with all we have going on we could make money.
Do price targets mean anything? I believe they have had lofty targets all the way down from $75 I'm more interested in their reasoning and timeline for this to happen all of a sudden after all the failures and dilution. About everything that could have gone wrong has so far with Plug. I think Andy and his crew were far too aggressive and did not account for delays in projects, cost, and then when in trouble held onto the Government bailing them out, which is still not done and the longer that drags on the better chance of it never happening. I'm guessing the delay is mostly political at this point. They don't want Plug used as the poster child in an election ad for the green new deal money going to a failing company. At least the IRS issues being cleared maybe a sign we are close, but who knows? Still 45V, strongly backed by Progressives in its strictest form makes you wonder if Kamala would be as toxic as Joe was for Plug.
That is odd with the built-up inventory, unless it is a different project and materials. Maybe they landed some new contracts or are replacing fuel cells from 7-10 years ago or upgrading products. Hard to tell with virtually no transparency anymore from Andy. I do think with all the lawsuits his attorneys have put a muzzle on him. I'd love to know how much, if any, they have paid out. I sure wish I could get my losses back for believing all his lies.
So, did we take the wrong route with PEM? Should we have developed both products?
I cannot see 45V not getting passed soon with the HUB approvals recently. As for the loan, the sooner the better and I would not be surprised it will have some restrictions. On Linde getting the big deal over Plug. Well, it looks like their solution is different and probably less costly than ours. Also, they have the capital to do billion-dollar projects, and we do not at this time, so the decision makes sense.
I do realize that, but if those two-catalyst hit then that buys time and opens up the market to once again do big deals. I'm not saying that they won't screw it up again, but it might heat the sector up and be pump? Just hoping at this point.
Still waiting on 45V and the loan to decide if I will stay longer or just bail and move on after all these years.
The problem is when he's eventually right it will be a year or two away and the company may not even make it that long without restructuring. Just how many times can he be wrong and still keep his job is amazing to me.
I did not hear panic. I think he has a clear head on the situation and what they need to do. I wish Andy was as direct. He told you they will need to dilute more, and they need scale.
Is this ongoing project related to Plug?
Noticed around 26-27 minutes he said they would be getting green H2 from Plug Power later this year from Ga. I had not heard that and wonder why they are waiting and not getting it now? I thought that we were to double the Ga. plant, but assumed it stopped with everything else except Olin in La.
They do have 1.6 billion coming in to build 6 plants supposedly. That will open up other sources of finance for operations until such a time they get to BE, assuming their plans work out. I would not rule out a RS at some point either since the share count has gotten so high and likely will go higher.
I have to assume, since none of the halted projects have started back up, that no partners have been found or willing to join us. I agree, without some sort of internal usage or off take agreements in place and secure no one will wish to finance these deals. Good this is we need another plant or two to cover our internal needs and then we have Amazon with that $2 billion off take agreement, which should cover much of our production in the near future. It would be unwise to start any 600-million-dollar plants without a market. I think that is why they have looked at more onsite smaller 1MW to 5MW units.
Well, our fuel cell truck sales were down also. Our inventory barely moved. I wonder did they lose that many deals or did Andy and gang just get so optimistic they overbuilt or both? They really put us in a hole and going into a possible recession this is not good.
Thank you. If 45V and the loan do not get done and soon I suspect, we dilute more and will likely once we get the money for working cash flow while the DOE money goes towards completing projects. Seems we are now about 2 years behind where we should have been at this point. I think Andy and others made a huge mistake spreading us out too thin and not conserving cash. That along with charging way too little to even cover cost. Funny years ago, Andy said that we were reducing our fuel cell cost by like 40% every few years like Moore's law with computer chips and would be profitable. Then it was blamed on the high fuel price. Now Nat. gas is way down. Did it make a difference? Now we are to believe that producing Green H2 will do it. For some reason I don't believe him anymore. All I see is more of the same until they are forced to do what Nikola did. Maybe in a few years they will hire someone or maybe the new guy will right the ship, but I suspect more pain before any chance at gain.
Can you post the article and how it relates to Plug?
Interesting that recent Form 4 by Paul, Luis, and the Geral counsel all disposed of stock. They also retained a good bit, but at this price they are selling. It does not show much faith in the near future now does it? Whrere the faith and buyers. Is this a sign they know the future may include some bad news?
Jack, what does it cost to produce liquid h2 from our competitors? Andy mentioned it cost us I think $11 in Ga. Not sure that is the cost they expected, and I wonder what the profit margin would be on that. I have no idea if that is good or enough to produce a profit and what we would have to scale up to that would make it profitable. I think we have a big off take agreement with Amazon in 2025 for H2 and wonder if we have enough or will have enough for them and our needs?
So, they make all these changes and lose more money. How much are they spending and losing on Hyvia? Will that every make money or should we sell this off, assuming it has any value? What other things are we spending money on that will or may never make money? Get rid of it! If the inventory is still good, then furlough the people that make it until it is sold off and if not take the write down and get what you can for it. If we get the DOE money, I'm sure it will have stipulations on it as to where it can go and doubt it goes into the general funds, but specific projects, we were told were almost already paid for. (I'm doubting that) Also, is the Fuel Cell business growing as our mainstay? No, Pedestal customers mentioned in a long time. Seems the transparency has gotten much worse. Andy seems like he has been muzzled as to projection and deals. Got to love him saying we have X megawatts of deals, and even if we get 1\4 that means 1.5 billion over time. Like I believe we will have 29 billion in sales by 2030. If, we are still in business, maybe $3 billion. Heck, he cannot even break 1 billion except in annual losses. I wish I had cut and run years ago.
Well, with Sunpower just filing for Chapter 11 after billions in handouts, I'm not sure that helped us.
Just another big disappointment. Losses and revenue both horrible. I'm guessing the price increases and savings on fuel did not amount to much if they still lost over 200 million. How can it be this bad if they basically ceased most capital cost. Also, if you have this much inventory is it now obsolete? Why don't they lay off more people until they need them to produce more products if inventory is still this high. What are people doing besides serving what they have? With nat, gas where are the savings? With economies of scale and new Fuel Cells where are the savings? It just seems all the things they have done nothing has much helped and they continue to lose millions. We were promised years ago BE is just another few quarters and nothing has changed or gotten worse. It is like this company is run like a science experiment with unlimited funds and no one is accountable or worried about losing their job. So, frustrated with them and my myself for believing their lies.
1 ton per day is not much since Ga. produces 15 tons by itself.
Well, that is the way it has been in the past, so the odds are for a repeat. I do hope that for once Andy beats projections, but that would also surprise me because he's been such a failure guiding the company.
Thanks, but as you know from past experience with Andy, many agreements or MOU's go by the wayside, and we are no informed. Since I have heard nothing much about this arrangement in 2 years how is one to know it is still valid? Have we taken delivery any trucks from them or built a fueling station for them. If so, I must have missed it.
Well, just my opinion, but I prefer any post that are regarding the H2 business to maybe state if it is general in nature as to be informative or to say something how Plug is involved. For us old farts that are a bit cognitively challenged that would be a help. I enjoy most of what BB post as they are not doom and gloom or BAD NEWS. I think his post are done with a good heart.
Just watched. They show 1300 Kg and you are saying we are at 4500kg?
Is this the type or trailer Plug is using? Just wondering if it has anything to do with them or if they will need to purchase these?
Maybe, Amazon has plans and needed him at Plug to make sure things were done right and they stayed in business? I can only hope it was for charity reasons to help us out because I'm sure he was not cheap.
Well, there goes the salary and stock options. Sure that cost was not cheap. Well, hope it makes a difference, but they still need a new CEO and CFO.
Hard to tell with you as it could go both ways at times. I guess only you know your own heart and intentions as I do not see your trades so cannot say definitively.
Depends on intent does it not? If a person believes and has valid reasons it is one thing. If he or she, does it just to entice buying and then dumps it is another. Kind of like posting BAD NEWS all the time to get people to sell.