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On the bright side MF had a good article and Investor Place showed we have an 843% upside if Amit ever is right. On the downside on Fox Business News this morning they had a piece on a new company funded with 32 million that takes the carbon out of natural gas and leaves the H2. This would allow H2 to be produced anywhere there is Nat. gas with no big need to transport or use expensive methods like what we and others are doing. Sure, the big gas companies will love this. I'm not sure what the cost of the machine is or if it has been scaled yet. Not sure what they do with all the carbon, but sure there is a market for it also. Not a publicly traded firm at this point.
I wonder what those 75 truck will be doing. Do you think they will deliver our H2 from our plants to customers or maybe be capable to be mobile refueling stations?
Yep, works both ways, assuming plans work out. I guess that is the big questions for us all to figure out. Looking at a recent video on Nikola they just sold off their European unit and now focusing on the US. They are focusing on their H2 truck and infrastructure. The range will be 500 miles they say, and they will even have mobile fills. They feel they are creating bot the chicken and egg. Assuming, H2 trucking really takes off there will be a huge market in the future for green h2. Not sure at this point on EV charging as new batteries and home charging seems to handle most issues except maybe in more remote areas or those wanting to go for much longer trips. I do wonder which products we have actually have a future market. They talk about addressable markets, but if your solution is too costly or not profitable it won't matter. I guess time will tell.
Last question on the 60 tons of liquefied H2. He says it is for 3rd party use and they have interest. So, is the rest of the 200 tons gaseous and for our use? I'm a bit confused on this point. It is important because the savings were predicated on us using our green H2 to save us money on fuel supply, though with Nat. gas so low I wonder what the savings really are.
Will be interesting to see how many covered on 5\15 or if the sharks smell blood in the water and going in for the kill
The Ga. plant may have been sighted first due to potential launch sites that have been quashed.? There are major highways not too far away on 75 to Fl. So maybe trucking in the future? Not sure. Shoulda, coulda, woulda the story of my life.
While I don't know as much as Andy does about this business, I think it is naive to think that just because, they are doing, there is no competition. There are so many things on the horizon that could potentially change things completely in the next 10 years that could make us obsolete like Amazon did to Best Buy. If he truly believes so much in Plug he and other insiders would be buying shares hand over fist at this point. I see no proof his actions back his rhetoric at this point.
I think they said the fuel lasted 10 years. Well, earning like expected, but losses and margins really stunk. I find it hard to believe they ever get profitable at this point while Paul made it sound easy. They seem pretty calm about financing and being non-dilutive. I do wish Stine got through on the call. That was weird. I feel like I'm trapped at a bottomless pit. I do wish someone asked him when we would actually make a real profit and why are margins are so bad if we are the leader.
A drop in the bucket compared to a large site though not cheap. It could make H2 pretty obsolete and work directly to supply electric car recharging in mass or be used in conjunction to produce large amounts of H2 (not PEM due to heat most likely) to produce H2 for trucking etc. It could solve a lot of issues and get us free of most oil, gas and many renewables at the same time with a smaller amount of land use.
I have also heard that BWX tech. can produce a micro nuclear plant in 72 hours that can be used for data center, companies, small remote communities and military bases. They can power 10k homes for up to 10 years. The plants can be delivered by plane, train or truck. I wonder if this might be the future and not H2 since it can now be mass produced and is clean energy.
Either that or they just decided to rip off the band aid. They have disappointed for so long a win would be nice for a change and build back some confidence and likely save their jobs. A big miss would give fodder to those lawsuits and those thinking of joining or starting a new one. I think Andy and Paul have to at least realize that fact. I hope I'm wrong, but I think, by the look of the options, we get a neutral report that shows improvement, but not enough to rock the boat in either direction. So, we meander in the $9-$10 range until we show more improvement and or have some big announcements.
Wondering why they are waiting so long to announce earnings. Did Paul screw something up again and they are having to get help? Why is he even still there except they are buddies?
I agree. None of us knows for sure what will happen when every 18 months knowledge is doubling. Every day I read about something that could make a good portion of what we sell obsolete. I have to remind myself some of these ideas will not hold up, be scalable or take 10 years or more to develop. What we have is now assuming we can get things done, which has seemed a problem lately. To me it seems near impossible to know what will be next. Today I saw portable nuclear plants come up in my feed. Another yesterday how to make cheap ammonia with H2. There is always something going on.
Like I have said why not offer both products as it seems each has an advantage. To a customer they are looking for the lowest cost to produce energy and the overall cost and reliability. Does anyone think they care if it is PEM or not?
Andy has a shotgun approach and a throw the stuff against the wall and see what sticks way of doing things. I realize he's trying to develop future markets for our products, but this is a costly way to run a business as more of an experiment. Andy's big dreams have been costly, and his enthusiasm gets the best of him as he spouts off things and fails to deliver or forgets he ever said them. We can all agree that Amazon and Walmart deals while being great advertising but, have been a financial disaster for us. They have caused massive losses and dilution. By now we should have replaced at least once all the fuel cells with new ones that cost us less to produce and less to service, which makes me wonder why on we still lose money as scale and cost reductions should have made us profitable by now as Andy promised years ago. Still waiting.
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.