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So, was Andy lying when he said all the financing for the plants was basically done? Now they are dependent of the DOE loan? I really do not know what to believe with him.
It is sad when people lose jobs. I do not know anything about the company, but if you just build fuel cells that could be an issue as they become a commodity and unless you can mass produce then it makes it hard to compete.
Yes, but remember they did that about a year ago and still missed the lower numbers. Do you think he actually learned from the past? Now that would be novel for Andy and Paul.
In other words, we are not ready for prime time nor competitive without massive subsidies. Looks like this one is unlikely to be anything but a drain on cash flow and will maybe pay off by 2030, but a long shot at that.
I thought they were to have 1000 sales last year and I don't think they had one. So, why is this? Did the test vans not work as expected or was there and issue getting Hydrogen? What's the hold up. I thought we were to get 30% of the market in Europe by 2030?
Yes! Since we allowed China to take over the rare earth minerals market then Hydrogen could put us back in control of our own destiny if they don't foul it up with 45V.
When do you expect that to happen 2030, assuming everything works? Thing is he's diluted the stock, yet again, so revenue and earnings will have to be much higher to get to that price unless we become a cult stock like Tesla did. Everything has to go right from here on out. There's no room for more screw ups, broken promises and outright lies. They have to perform and show a sustained profit and stop being a charity. I hope them finally raising prices is the first sign they are getting what many of us have been saying for years. I would be more confident if management and the board would make open market purchase of Plug stock, which they have failed to do. They need to make a stand with their money against the shorts, assuming they really mean what they say and are not just more hot air.
Really? Hey Newbie get a clue. High employment could also be the reason we do not go up much today as this will keep interest rates high, which is bad for small caps like PLUG. Just because I do not pump the stock does not mean I am creating FUD. Andy and Paul have done that for years by constantly missing projecting, accounting scandals and lies to shareholders. These are facts if you have been here for 10 years like a few of us. We can love the idea of hydrogen, but still not trust those in charge of Plug as they have mismanaged the company for years and after they tanked the stock from $75 to $2, they are finally concerned enough it seems to make changes. Until they can create a sustained profit, they deserve no slack and are more than lucky to still have employment in my opinion.
Kind of expected a sell on news and money flowing to the big 7 with the huge earnings beats by most of them. It will be interesting to see if sales of H2 this quarter will make a real differnence in earnings as promised by Andy. If you all remember we have heard this all before so if he cannot make anything profitable then we are in real trouble. I'm hoping with the price increases we finally see the start of a positive trend to actually making money as the year progresses and no more dilution.
Does seem like a lot of weight, but if is an ongoing cycle of fill and replenish maybe it could be smaller than we think. It will be interesting to see if it ever comes to market. Toyota is big enough to at least try new things.
https://www.linkedin.com/pulse/water-engine-toyotas-game-changing-tech-xzu0f/ This makes perfect sense if you can, as Giner ELX was working on reducing the size of an electrolyzer. If this could all be done in a car or home to provide electricity at a reasonable price this would be great for society. I just wonder how long this takes or it ever gets to market.
CEO. He thought he could carry the freight to keep them happy until the other businesses that had a built-in profit covered the cost and profits. He made a large tactical error.
As of 2022 GA. Power sources of power 48% gas, 27% Nuke, 21% coal, and 4% hydro and other. Since then, another reactor has come online.
Well, Isn't that a pisser. A plant could be set up around football stadiums, bar and pubs. Not sure of the smell factor though.
BB, why do you think Andy will all of a sudden change? Did he show that yesterday? To me he showed the same deceit in not telling the whole story on the TPD and DOE loan. He said nothing on what they are producing now, but what 4-7 by weekend and 15 tpd in 3 weeks. Then we find out the DOE loan is not really done until 3Q. So, are we to believe a 70% reduction in cost? I mean how many times are we supposed to trust Andy? Where's the big squeeze he promised? Was that it yesterday He says to just trust him. Well, I did and down 90K. He has not earned anyone's trust and proved it yesterday. We are. being diluted and he's keeping the ATM, the DOE and on top of that looking for more cash. So, how long will that last? Maybe 2-3 years and he will be doing a reverse split and another huge offering for the next buildout. I guarantee that is where this is headed and Andy does not care about you or me, just survival. I can say one thing that I liked and that is that they are finally charging more for their products. About dam time.
Their fetish for capital knows no limits and I still fear they will eventually do a reverse split of 20;1 before this is all over by 2028 if not sooner before they do another massive spend as I don't think Andy will keep the pause button down very long, but who knows.
Good, Bad and plain ugly. Good. Finally, increasing prices. Will it be enough and can we still compete is the question. Hiring freeze. Halt Tx. and NY for now. Ga. started finally producing, but not fully and Tn. back soon. DOE loan closer. So, they sound serious at least. Bad: Ga. not fully operational and said nothing about the second unit. DOE loan at best we get the money in 3Q. Not stopping the ATM so more dilution and looking to factor or more ways to raise cash so things are worse than they are letting on. (I thought the ATM would cease when the DOE money started, but no mention of that) Ugly- 200 million versus 400-500 million expected in 4Q and slowing revenues. No mention of 45V so that is not positive either.
Synopsis- Promises of glory drag on forever and somehow these two are given another chance to screw up and I'm not sure why. Suspect we stay under $5 for the year unless 45v turns around and sparks a rally. IF Andy, thought this would cause a short squeeze I think he remains delusional.
So, Jack is there ever GOOD NEWS when it comes to Plug with you or always doom and gloom. Also, why do you care if not invested?
I will not vote for the liar and chief. I don't want him to keep on thinking he can get away with the lies and lack of transparency..
I will not vote for the liar and chief. I have had it with him and given him more than enough chances to screw me. I am hoping the stock pumps up so I can unload it before the reverse split and new offering of billions.
I cannot afford the risk at this point and feel it is just a matter of time this money runs out and they need more, but this time they do a reverse split to get the share count down to 500 million or less and then do a big offering to last them to 2027.
Could be to wipe them out so they could buy for pennies on the dollar. Seems that Wally World and Amazon did not step up to help us out after us gifting them millions over the years. Maybe Marsh is now wondering how stupid it was to set up the company to give away the fuel versus making the client pay for it and us eating the losses for all these years.
Jack, enough of the pouring of salt in wounds. You are just being a jerk now. You were right. There you happy now? You win. You can now die a happy man knowing you won with all the toys.
I do blame Andy for the numerous blatant lies and myself for believing him and not selling years ago.
BB why would anyone trust Andy at this point after he said numerous times, he was not going to dilute us, and he just did. He is a sociopathic liar.
Andy and Paul need a long prison sentence
Now we are a penny stock doing toxic financing. So, insiders knew and that is why we have tanked. He's going to destroy us and then reverse split us. I may end up my last few years in prison.
We need that DOE loan to survive to 2025 and allow us to get the plants up and running, otherwise we are screwed or diluted big time.
How many times did they say they did not need money or the IRA to succeed.? When you have to depend on the Government to succeed then there is an issue. Poor planning and going out with a shotgun approach and not putting profits ahead of the saving the planet mantra got us in this situation. You cannot save the planet (perceived or reality) if you are out of business.
I guess despite the low price no insiders were buying was a sign after all.
Well, that is depressing as the price of Plug. Big promises by Andy and our money up in smoke. Guessing someone buys us out for pennies on the dollar. One of my biggest mistakes ever was trusting Andy Marsh.
Short Interest 161,504,700 shares - source: NASDAQ
Short Interest Ratio 5.44 Days to Cover
Short Interest % Float 29.67 % - source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume 7,709,135 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 57.02 % - source: FINRA (inc. Dark Pool volume)
Finpedia Article Plug Power
Sadly, this just pushes it further down the road and we stay in limbo while expenses continue. I worry that our cost continues and if that DOE loans does not happen this month if we make it without more dilution.
Well, should those of us that are down thousands because we believed Andy join the suit?
So, how many times did Andy say we don't need the IRA to be successful? If true, then why would he delay anything? If they were already expensed, why would he need money to complete them? Are you saying Andy just flat out lied to the shareholders?
How is this good for Plug. Looks like competition. I also, thought we supplied FC to thier buses in Korea, or am I as usual, confused?
I do see his point. If management had acted prudently and not used a shot gun approach and priced their product to be profitable instead of a lost leader forever to stay afloat along with all the warrants, then things could be different. How many times did Andy say we did not need money and then did a offering? How many times did he say we are reducing cost by 50% every few years and this would make us profitable and yet we have lost more every quarter. I like the idea of hydrogen also, but have a lack of confidence in management after 10 years of being a loyal shareholder and hanging on believing in hollow promises.
Yes, I am sure they are saying under the proposed rules it makes no sense to go forward so go back to the original design or modify it so we can make a profit, or we are out.
Not to mention all the electric car fires that last for 24 hours until they burn out. Not to mention all the houses and garages that went up in flames. And yes, all the gas fires and explosions with cars over the years. Yes, there is inherent risk with any fuel source with the right ignition. So, what's your point, but to cause people to sell?
Not sure where they are getting the money to do all this unless their partners are providing most of it. Funny, I see no mention of PLUG. I thought we had a deal with them. I do wonder if NKLA makes it and if so, they Reverse Split the stock. As a matter of fact, I wonder about this for us also. Would it surprise anyone after a big miss that we do a massive reverse split and then a multi-billion-dollar stock sale?