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Hoping sellers have dried up and with good news and increased earnings in 2023 this could easily be 10X from here, if not much better. With only 85 million shares it should not take much to move the stock higher. You have to figure most people that have had this a while are way underwater and will hold for better times or forgotten about it. Wishing the best for all.
They do have decent revenue and with the AI and EV business they are in growing markets and unlike the previous company have products to sell with a wide audience. Finally, after years of telling people this was junk, I feel like they maybe on the right path. It will now depend on if they have the right people and build a good team to market what they have. Being they have a small number of shares it would not take much to launch the stock. Not sure how the charging station is billed. Do they sell the package, lease it and how is revenue split?
Is the perfect storm brewing with XDSL? With the new EV tax credit starting 1\23 comes some stipulations on who get the credit. Most will go to minorities. As you know many at XDSL are of Indian descent. So, who are the most prevalent people running franchises like Subway, hotels, dry cleaning, corner markets with gas, etc. People search for EV chargers when staying somewhere, going to a meeting or grab a meal. This makes the customer stay longer and spend more money. They can plan their routes and stops and get information about the local area. This information could also have value to marketers. With the new COO having experience in this business, you have to figure he liked the potential or would have not likely taken the job. This remains a high risk, but also a very high potential in a short period of time.
A while back it was rumored that Andy was working with Apple on the Apple car. I could see them going this route and just bypassing the EV market in a few years when the supply of Green H2 grows. Now what would be cool is if a mini electrolyser could be produced for the home at a reasonable cost to run the home and car. Maybe Tesla could get in on this and build a Hyvia type car along with his power wall.
What will happen after the elections? Most likely a split government. Not likely anything new passes, but we got what we wanted and H2 is growing leaps and bounds. While we might not get the same growth on the Forklift sector with cutbacks in warehouses the electrolyzer business is booming. Add to that the Green H2 business is just taking off. I think now it is we just continue the 70% growth and get cost in line. 2023 should be a continuation of this year, but Green H2 will start finally replacing some of the need for Natural Gas, which is coming down slightly back in the $8's but will stay high for 12-24 months most likely. I would have loved to see that H2 truck bill pass, but that one is doubtful at this point. The key now is just to perform and get things done on schedule and start making a profit as soon as possible. Once that happens the stock price should take off.
Too bad we are not trading like the tulip bulb mania
The H2 market an innovation is going crazy. Just saw this. https://carbonherald.com/scientists-create-new-material-that-produces-20x-more-hydrogen/#:~:text=Scientists%20in%20South%20Korea%20have%20developed%20a%20new,which%20obviously%20reflects%20on%20the%20price%20of%20H2.
The H2 market an innovation is going crazy. Just saw this. https://carbonherald.com/scientists-create-new-material-that-produces-20x-more-hydrogen/#:~:text=Scientists%20in%20South%20Korea%20have%20developed%20a%20new,which%20obviously%20reflects%20on%20the%20price%20of%20H2.
I have followed this company for over 20 years since Ron Durando started with Pot Splitters. I even met them in Atlanta when they had the big electronic show here and went to the after party. Could tell he was a sleaze ball right off. I followed Anshu and watched him with VRSU and knew XDSL would have the same fate, but now he's gone. MPOWER has to be legit if an expert in this field signed on and took the risk of going with a small company like XDSL. He had to see potential. Fo a penny stock they don't have that many shares and a book value of .09 according to Yahoo and trading around .025 now. They were at .32 as a high. As part of the new bill just past EV charging stations will allow for a 30% tax credit to businesses up to 100K again starting the first of the year for 10 years. So, this company has huge potential to grow. Sure, still risky as is any penny stock, but this one now has a big potential. Just my opinion.
Here's a potential gem for you guys. So, this one has only 107 million shares, a book value of .09, according to Yahoo. They have revenue and besides an AI business they are into charging stations. The CEO recently resigned, which is a good thing as he had a spotty record. The stock had a 52-week high of .32 and now is around .02. As part of the recently passed bill we know and love they reintroduced the EV charging station business credit of 30% up to 100K. This company just hired a guy from Chargepoint and Volta as COO. They are putting together a team to promote their charging stations which are unique. The stock symbol is XDSL. I had followed this one for over 20+ years and now I feel they are legit and under value. High risk, but huge potential reward.
Glad we are not doing business in China and hope we are not depending on them for supplies.
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.