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I think we get a big piece of the pie on this NE Hub since we have facilities in NY and are the leader in Green H2. I hope they stop dragging their feet and make a decision soon and fast track development with cutting many of the regulations that have dogged the nuclear industry and driven up cost and took timeline 2-3X longer than needed.
No, I got all that, but my point was it has not made us profitable as promised. I'm guessing the cruel hoax of all this unbalanced approach of solving the energy dilemma is that by raising the cost of all carbon, as in Natural Gas, it offset any gains we made in cutting our losses. As you stated now our only way to beat the system is to create green h2 to replace Natural Gas because if we continue what we are doing, and with Europe in dire need, the price will not be coming down. The problem is we cannot transition over night, but I'm not sure politics has reasoning capability.
Yes, I do hope you are right on the outcome and timing. I knew they were desperate to survive, but I had hopes that the noose would loosen after a few years and that seems to have not happened. I just hope you are rig, and we do have a big enough margin to finally make this business profitable. Andy had led us to believe that newer fuel cells would reduce cost so much that we would be profitable and that sadly never happened, and it always seems something changes the picture.
Looked strong despite a horrible market. Seems people are holding more now waiting for Medicare Advantage plans with $1000 or more to easily afford hearing aids starting October 1st and 15th for new MA plans. I think sales will be much higher than people think with 34% of seniors on MA plans now and the ones that are not will have more affordable options.
It would be interesting to know when and how much they made off the warrants. I'm guessing most all our losses have been from providing out two top customers products at losses all these years when you figure in the cost of Nat. Gas and servicing them. I realize we were desperate at the time and needed to keep the doors open, but how long do you have to be a slave to them and at what point do you act like an adult and get a fair and profitable price for your product and services? Are we that worried they kick us to the curb and replace us with lithium battery forklifts?
Yes, it still is akin to blackmail. They do the same with local governments looking for tax abatements. I guess if you are that big you can demand it, but it does not make it right now does it? We shareholders or consumers and taxpayers end up subsidizing the company. Not much different from the mob or government I guess being in competition in the sin market of gambling and drugs. Any way looking forward to the symposium and looking what is new along with increased projections I hope for 2024 and beyond.
It was in regard to Velcro's TOMDF stock, not PLUG sorry if I confused you. last post. Go PLUG.
Like that we have a deal even though it is 3 years away, but the warrants are just more BS give aways that, we the shareholder, suffer the dilution when they sell. I also, think the price they get them at should be at least $50 because by then Andy will get us to $100 so he collects on his payday. Sorry, to be a bit cynical, but why should we have to subsidies deals and look like a whore?
Has potential and new lab down the road from me, but looks like with 5 billion shares to sell and cash strapped they may be doing more offerings or converting note holders. It does have potential if it could hit one of the drugs or find a big pharma to invest.
You all might not be aware, but a new law goes into effect on hearing aid sales 10\1. This will allow hearing aids products to be sold direct and in retail stores to consumers. I found one you might want to look at. They just turned a profit last quarter of $3 million and are in Walmart, Best Buy and a major drug chain. They already have $4 booked for next quarter. The only drawback is the number of shares at about 7B. They are pairing this down and working on cleaning up the books and reducing the shares. They are only a .02 a share and have bought a few competitors and services. The CEO is 3rd generation in the hearing aid business. The symbol is INND Innerspace. Worth a look if you have any play money. Good luck.
Thanks for the information, but the snarky superior then though comment is not necessary.
While I did not like Trump's ego and bombastic approach, he attempted to do something and failed to dismantle the corruption in the DOJ, CIA, FBI and most of the US government. He was attacked from before he got in office and was sweetheart to Democratic politicians until he ran as a Republican and his money no longer went to them. The Russia thing was BS and has been proven so and Hillary started it and still at large in this two-sided justice system we have. I'm sure Trump is no saint and most likely played lose with the tax system, but nothing has been proven so far. The Biden's and Pelosi's, Clinton's are as or more corrupt, so where's their investigation? As for Canada you have that China loving nut job Trudeau so good luck. As for Trump he was a man of the little guy and loved America and that is what people like about him and yes, if it was between the two old codgers, I'd rather have Trump than Dementia Joe. Have a good weekend peace out last post for the day.
If you don't see how corrupt this government is I can't help you. To most of them living in the elite bubble you and I are just part of the unwashed and they could give a rat's ass about anyone, but themselves and maintaining power. Yes, and it goes for both sides of the aisle that get rich while in office. They will attack anyone that threatens to change the status quo in DC. They control most of the press and what is the news they want you to see. The same stories word for word written in advance and mouthed by the papers and networks. Sad that the 4th estate has sold out and is akin to Pravda now. Funny how many of the elite love China's system of controlling the populace with social scores. People need to open their eyes to what's going on in this country!
Yes, I think he got that they were two separate bills. Yes, it would be nice if politics were not involved, but in reality, they are. Andy has been a friend of Chucky boy for some time now. Hey, maybe he just plays the game to get along with either party. Activist more than practical people are running things and hell bent in moving quickly to renewables they sometimes move to fast at the detriment of society not seeing the full impact of rapid changes.
Well, that stinks. I guess they wanted to see what areas made the biggest political donations to the DNC before they doled out the money. You think I'm being a bit cynical, but that how these crooks work.
Heard this morning part of the new bill establishes a $27 BILLION dollar EPA bank. I suspect most all these funds will be lent for Green projects. Could be another source of cheap fund that helps us grow and is no dilutive. Also, those Hub projects should be announced this quarter. I am in hopes we are part of one or more and get a piece of that $8 Billion dollar pie.
Hope he's right but heard this before. Long term we should all do well either way. BE just announced a secondary and I suspect we do one more in the next few years as Andy said we would spend a billion a year. Last post for today.
I think we end up with a split most likely and what is in place stays there for now at least. We did very well before Biden and we will do well after. The world is moving toward cleaner energy and the majority want cleaner air and water as long as they have reliable power they can afford.
Well, the deficit was huge since we had the massive Covid bills and tax receipts are up so not a high bar. We still spend way more than we bring in and the National debt has grown dramatically under both parties. While I like the H2 part most all the savings are backend and not guaranteed. Hiring 87,000 new IRS agents that are allowed to carry is very troubling as they will hit small businessmen as that is the easiest target to intimidate. This is an accountant's dream and a nightmare for taxpayers and ripe for abuses of power under this administration who feels they have no limits on going after political enemies.
Seems Max Pain has been way off lately and shows it at $23 for Friday. Shorts have been torn a new one for sure.
I have issues with it. Savings don't come until 2026 for drugs and only 10. Also, if you think they hire 87,000 new IRS agents and they only go after rich people I have a bridge to sell you. Rich people can afford tax attorney. Most poor and middle class cannot. They will go after people that cannot afford to fight that will pay or settle just to get them off their back. I have very little trust of the government and you triple the amount of people you basically have Brown Shirts ready to attack political enemies. They will be Union members, which 97% of them support the DNC. Government employees should never be allowed to unionize. The FBI and DOJ are corrupt and equal justice under the law has become a joke!
Problem with PEM is that they do not handle high heat well. This makes them inferior to oxide like Bloom uses for Nuclear Power plants that produce very high heat. I actually did a scuba dive once where the warm water from a nuke plant in SC flowed into the lake. It was quite a fast ride going from warm water to super cold in a few second. One off my bucket list. LOL
I see Nat. gas is back to $8.30, so our cost will not be going down anytime soon. I expect massive losses to continue but start reducing next year assuming no non foreseen disasters, like an attack on Taiwan. China is having major issues with Real Estate and a national mortgage boycott is call for in October. Things could get dicey there and give them more of a reason to attack Taiwan to divert attention. The future with the passage of the plan looks bright. Andy did mention they are looking at nuclear power, but I just read that Bloom's product is 40% more efficient than PEM and it was just tested. They also have a major deal with this industry, so I doubt we make any headway there unless Andy starts producing more than PEM designed products. Could he look at buying a smaller competitor that has a Bloom type product? Could Plug and Bloom combine to make a powerhouse?
Maybe 15-20 now between Tn. and Ga. How much do we use a day now? What will be the use next year? I expect we never catch up with the need as the demand grows if it is all Green H2. If you factor in back up power, what we have in play now, and what is coming in the future with trucking. Funny that was never mentioned. Is it off the table?
I understand that our green H2 will lower cost somewhat over time, but that will not scratch demand and will take a long time. Sorry, I'll believe it when I see it. Andy is great at dragging people along with delusions of grandeur and yet continues to miss. While I applaud Andy going after the market and being a leader his stewardship of running a tight ship and getting numbers in line have been a big failure. If you cannot sell forklift FC's and make money with very little competition, then your model is broken. Coming out with more efficient models has not helped stem the losses. Now he has to depend on electrolyzers sales and green H2 in the future to save this line of business until either Nat. gas comes down or he can replace it. I don't see it happening in 2024 as things will get delayed as they always seem to happen.
I feel like that guy in the commercial with the fishing pole and dollar just out of reach and always moving. At what point does Plug actually start selling products for more than it cost us? It is obvious that we cannot pass along cost, or we lose the FC business. You don't eat nat. gas prices forever and not at least put on a temporary surcharge unless you are afraid of losing a customer. Sorry, I don't buy the good guy taking losses indefinitely. As for transparency I find them lacking in issues with delays due to pipeline of suppliers, employees and getting approvals on sites. Things obviously are taking much longer than anticipated. Savings have been touted for years when the newer this or that lower margin cost and yet our losses continue to mount. So, now we have all tax matters in place. We have tons of opportunity and business ahead of us. We are moving ahead with manufacturing and deals. Why do I feel these guys will not be making a real profit until 2028 instead of 2024? At what point do they decide being profitable is as important as growth and get serious about the bottom line?
Last night's raid on Trumps house is just the kind of abuse of power we should all fear. Nothing happens to Hillary, Comie, Lessner, the Biden clan and it goes on and on who is selectively attack. If you give a dam about equal justice under the law you should care. The attack of a political opponent with false accusations by the left of Russian collusion, 2 impeachments, and now this. Anything to destroy anyone who tries to tell it like it is and go against the establishment politicians of both parties and entrenched bureaucrats. The FBI and DOE has become a political arm of the establishment, and some want 87,000 more IRS employees. So, who do you think they go after?
how low does it go or what range Stew?
Yes, I expect huge losses and possible delays. Not sure, if they mention anything else, but Andy likes to dump the bad news all at once. I will most likely miss the call also. I would expect a bit of retracing after this latest run and as we get into the fall the market is always scary. I think next year we see $40's again. We should have more completed projects and Green H2 flowing by then along with Hyvia showing more progress. Who knows maybe that truck deal gets announced.
My issue with that is that is grants the Government control as they will see every purchase you make, when, and where. Let's say we have one party dominating society. How hard would it be to become like China with a point system? Let's say you speak out against anything the party is for. They could take away travel, jobs, benefits etc. Let's say we have National Health (which we are near) They deem you overweight, and force will not let you buy certain food. Cheaters would have to use barter or services or goods and believe me it would happen. Sorry, the government already has way too much power and if will use the DOJ and the IRS to get people as they do now there is nothing from them abusing power if they have eyes on every purchase. Most likely coming and it scares the heck out of me. As for 2 decades that put me near90 and I doubt I will be around and if so, not able to enjoy the money.
Maybe so, but since we were talking about cheats, I thought it was in line. While political contributions are legal it is just another way the rich get what they want no matter what is best for society in the long run. While I support the H2 part of the bill my reason is that we need it to compete with Europe, China etc. and promote American jobs. I also find it funny they changed the title of the bill to something it will not accomplish. What it will do is create more government employees and Democrat votes and further the takeover of the health system. The problem is the more power Government has the less choice you have because they will be making the rules and picking winners the losers and who can even play the game.
How much did Andy pay off Schumer this time? Anyone know what his 'contribution' was?
No, not the point. The rich can afford tax attorneys and find loopholes. The poor and middle class cannot. Even if you are right the cost to defend yourself is more than fees and penalties and they know most will just pay it. If you want no cheating just make the tax law based on what you spend or a flat tax with no deductions. Many cheaters are small retail that fail to ring up purchases. What are you going to do have someone spy on them. People will cheat. Just look at how many politicians get stock information early and trade or have family trade on it. Look at how brokerages cheat front running and skimming off each trade. Look at how short use naked shorting and fail to deliver. Hiding trades in dark pools. The SEC allows this garbage to continue. So, who's allowed to cheat? Last post, have a great weekend.
So, do you think we are involved and will buy them? Besides the location and teases from Andy I have never seen any indication they were interested in us. Wondering who will supply the H2 for these class 8 trucks that use a ton of H2 and how long it takes to get more than a few going with little to no infrastructure.
Agreed. 87,000 more IRS agents trying to harass people into submission to pay. Not much different than the mob. This will do the opposite of the intention of stopping inflation. It will increase prices and any savings that come are on the back end. It should be called the buying votes act as they extend Obamacare and make it easier to get, and let rich people get tax credits to buy American EV's that still cost too much. Yes, I like the H2 part, but good old Joe got a gas pipeline in exchange. Sinema got the carry provision lifted to help rich people. The poor and middle class get screwed by this bill while the rich make out well. Funny how the Dems were always deemed to protect the poor. What BS.
Glad you follow Charlie too. The thing that stands out is the 15% minimum tax on revenue. Amazon pays about 5% taxes. That goes to 15%. That means they have to adjust, prices, cut growth, cut employment or profits. This will harm Plug also as soon as we hit $1 billion in revenue soon. We will be forced to make the same decisions, but don't have the pricing power of an Amazon..
Thanks. Seems some merit but will take time and money to prove it can scale. One to keep an eye on. I like that metal hydrides are being used for home systems. It would be great if you could have a home system that powered all your needs, including your car.
Look at other videos and research. It may have merit and be a better mousetrap than what anyone currently has. It has major cost savings to what we are currently doing and could beat batteries for cars. The Sandy Monroe video is very good.
Maybe we should buy or license this technology?
Depends on greed. If you believe Andy is in this more for shareholders and customers, then himself maybe he dilutes when we get to $40 or so and double up on the buildout and or purchasing other companies. If you believe he wants the prices at $100 in two years, then he holds off. Another dilution would hold the price down. As it is with these projects, because they are cash intensive, it takes a long time for them to provide positive cash flow. We are just at the very beginning with making Green H2. We are in a new territory and all the parts need to work and grow along with cost reductions to become profitable. We will see if they can actually perform or make excuses, why they will need more time to make a profit.