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You did not mention what year? Just kidding. If you cannot laugh as a PLUG owner, you would always cry. Hope springs eternal!
Says, the biggest friend a short seller has ever had. Again, big talk. Let's see them actually back it up and not be so boastful. We have had enough of that from Andy and see where it has gotten us. How about being humble and contrite for the misery they have cast upon shareholders these last few years due to their poor guidance and stewardship. Setting expectations and then meeting them is more important than bragging and falling short every quarter. If Andy has not learned that simple fact by now he never will.
Who knows? The party in charge would prefer to take over banking or go completely digital dollars to track every penny and socially control you. The fewer banks the easier to control and the majors are testing the technology. Marching towards the new world order.
Understood, I went through this with him in the past. No one likes salt in open wounds, and he loves to pour it on. We can all learn from one another, even those we might disdain. Sadly, he's been right more than wrong these last few years and maybe I should have considered his viewpoint and not been down so much. I do wish Andy cared more about us small guys. At least, so far, he's not as bad as the AMC president. Those poor shareholders have been ruined.
Yep, impressed the analyst as much as most of us. Might I suggest we start talking about the proxy vote and all shareholders sending a message by voting NO to every person, entity and question. I know at 35% the little guys cannot win, but we sure as heck can send a strong message that we are tired of the status quo.
Jammy, if you want someone to blame look no further than Andy, Paul and Sanjay. They have over promised for years and failed. This is why us longs are suffering, and the shorts are pouring salt in our wounds. Be mad at them and not some posters that post what has been their opinion and sadly, mostly right.
Jammy- While those with different opinion can be irritating at times so can people cheering despite all evidence. You are new so have not seen this blunder as a pattern of delays and misses. Would you invite guest to a housewarming when all you have up is the frame and some sheetrock? Andy had plenty of time to either delay this until things were ready or not do it at all. Posters on boards don't do a bunch but I'm sure may sway some retail selling, but 50% is done in dark pools and many funds and brokerages. We barely move the stock. I believe we are at a critical point that in the next 12-18 months we turn the corner or fall flat on our face. All will depend on the DOE loan, the IRA and getting the Ga. plant issues taken care of. If Ga. is going to be a template for other plants, they better have their act together.
I guess we can expect more class action lawsuits after today. I wonder how many times Andy is allowed to use the disclaimer before he's just called a blatant liar or complete incompetent?
Well, Paul and Sanjay certainly have not shown they have their act together either. Maybe, an outsider that has run an energy company that is dynamic and has the shareholders interest at heart and not enriching himself. I would like someone humbler and not so taken with him or herself that is task oriented.
How dumb to have the analyst there and still not ready for prime time. So, they advertise how fast they put the plant up, but if you delay liquid H2 for 6 months from when it was supposed to start what good is it? They are moving the timeline to BE forward, yet again. So, now we will get blasted by analyst and brought down even more. Are Andy, Paul and Sanjay shorting Plug? Are they tanking the stock for a buyout and huge buyout? This is the same garbage over and over like when we warned on earnings and missed the restatement. Set a deadline, miss it and then another and still not ready. Does not matter, nothing will happen as long as the BOD puts up with the incompetence. I wonder if they canned Ole' because he told them and now they are finding out he was right?
This is us tomorrow-
I certainly do not trust Morgan Stanley. They used to have us over $60 years ago when they did the $2 billion dollar offering and look where we are now. Now they are calling the market to tank. Michael Bury has over a billion-dollar bet it will tank also by year end.
My problem is I cannot average down, and my BE is in the mid $40 range. Just frustrating is all. I would have been better off at this point not taking this risk, but at the time it did not look risky to me. Like many here you get caught up in a new tech that may or may not make it but should. Like life no guarantees. At least I have a good amount of life insurance.
Strange bed fellows for sure. Like always follow the money. Companies like people will do what is in their best interest. Going out on a limb and supposedly asked by clients to supply green H2 (like Amazon), put us at risk as first big movers. Bloom, being agnostic in regard to fuel, has no dog in the fight. Glad to see Amazon backing us since they pushed us and own a huge chunk of us. The smaller players want the tight rules to slow us down. Big oil and gas want time to catch up. Thing is with all the investment in the ground and jobs it would not only kill what has been done or in progress but slow down the whole industries growth for years. At worst we need to 2030 to get the technology fine-tuned and started before any hindrances are added.
So, what do you say to the video? Is the not right with being a bit skeptical? We need Ga. to start and prove that it can actually work at reducing our cost and showing improved profits. If it cannot then the model Andy developed even work?
No telling how much business we get out of this relationship once the gigafactory and Green H2 plant is built. This could be a huge market for us.
an hour + so can you summarize, and did he say anything about what we are interested in? How much of Hunters art must we buy? How much to the Big Guy? Did Schumer get another envelope from Andy?
Is it not amazing how things can get delayed before an election to make sure your side has another chance to make a sizable donation to make sure the bill gets passed in your favor. This while the FED helps the shorts demolish the market to polish off small investor and take down the market so the banks and brokerage can reload after their 50% gain.
Well, that is disappointing. Funny, how they want these projects in low-income areas. I guess windmills off the coast of rich areas would bring down property values and obstruct idyllic views.
Break even
I now take anything they say with a grain of salt. I also think their idea of BE is some bogus metric and not real BE. This quarter should have seen increases in revenue and decreases in cost. Just what were those onetime charges for and what will be the excuse next time? I feel we have been dragged along with big deals, pedestal customers and plant openings, BE for ages and nothing ever really changes. It is like living through Groundhog Day.
Thing is it has always been next quarter since what. 2014? I'm stuck and have to wait it out at this point and see if they ever get their act together, but how in the heck can you miss for like the last 3 years and not suffer and consequences to keeping your job? I'm getting old waiting for them to learn how to run a successful company. Andy has screwed loyal shareholders and made the shorts rich quarter after quarter. We hear the same BS every quarter and yet the losses continue to get larger despite record revenues. I'm sorry, but Andy and Paul have not learned a dam thing about managing expectations and transparency. They hid the GA. delay news like little kids that did something bad and were worried about being caught. When finally questioned they came clean. Now why could they just put 3-6 extra months into the schedule and finish on time or early or just tell everyone beforehand? I mean we kind of knew once they kept quiet past the due date. They instill no confidence from the street with how they run the company much less many shareholders current and new. I guess if they don't show progress the next 2 quarters they never will. I wonder what excuse they will have next time. Sorry to spout, but I'm frustrated beyond and feel betrayed, as a long-suffering shareholder.
Tell me where I slandered him! I posted facts and there's many more instances than I mentioned here. Him and Paul are the reasons for all the suits we have had. They may not stick because of catch all statements in a 10K, but they were based on facts. As a shareholder for 10 years, I have seen it all and there are many broken promises.
It happens all the time. Also, is not mentioning a MOU no longer exist, or we lost a contract a lie by omission? How about we will announce 2 500 MW deals in 90 days, or that the Ga. plant will be producing X amount 30 days ago, or we don't need cash and does a secondary for $2 billion the next day? While you can write off a few things as he was over enthusiastic, many were just lies. Sure, maybe the disclosure statement that things can change will cover your ass, but they are still lies. I'm thinking his attorneys have told him to let the numbers talk and not say anything and that is why he has not said much lately.
Jack, sarcasm does not become you. Have a great time in Europe.
I hope with all hope that the rhetoric on how lower natural gas prices being down, a new more efficient factory, and electrolyzer sales through the roof turns into great earnings report because if we miss after all things coming together it will make me wonder and I'm sure the street if they can ever run a profitable business.
Jack, there's currently 2.1 million shares open to short. Just play money for you. I think the machines just rotated out of the sector after a big run from $7+ to $13+ and now we have given half back. Hoping we stop here and don't continue back to where we were, but that depend on the numbers and what the future looks like. Part is on management and the rest on politicians. I'd say we are stuck between a rock and a hard place. Let's hope us longs come out on top for a change. We certainly are due.
Jammy this feud with Jack is getting tiresome as much as your post that only ignore the post like everything is rosy. If Jack bothers, you that much just ignore and let the stock price speak for itself. We all know your feeling by now. A wise man, I should have listened to once said, don't get married to a stock because it will break your heart. Our perception of grandiose things and potential of a stock sometimes blocks the reality of just where the true reality lies. Those that disagree or are on the other side of the trade like Jack are no worse than the pumper that wants the stock to go up assuming both sides believe in what they are doing based of their facts. Do I like the bashing of Plug. No, but I don't like the garbage saying we are going to $200 by 2025 either because no one knows. We could be at $1 or $1oo by then. It all depends on people, politics, technology, and maybe some luck. So, I say keep an open mind or if he bothers you that much ignore him. Let's try and all keep to the facts and be adults even if we don't like an opposing position. And BTW I have had this same conversation with myself in regard to him.
Jack, did you read this! https://www.msn.com/en-us/money/companies/siemens-energy-ceo-on-2-4-billion-wind-turbine-hit-we-were-going-too-fast-with-new-products/ar-AA1eT3rm?ocid=msedgntp&cvid=5d291ff974164fb7af0563960551a46e&ei=8 Siemens taking a huge hit and slowing down on new products it seems.
So, Jack which hydrogen companies do you like and invest in that you see as the winners in this race, if you do not mind sharing your wisdom?
Have a good weekend everyone and hope that next week is better.
So, Jack you must not breathe or fart.
So, Biden approves gas and oil deals in Poland and Indonesia and won't in the US. Make a lot of sense? Hope he does not screw us up on our plans!
I wonder if the IRA regs. could mess up the DOE loan deal?
Whatever happened to that huge loan for what 500 million from the DOE we were seeking? Is it still in the works? It seems it has been going on forever. You would think our dictator, I mean President could just get it done with a wave of his hand.
Jammy- Plug has brought on many of its own problems. There was a big accounting issue a few years ago that sent us down, Andy's large stock sale timing, numerous promises and deals touted that failed to materialize, us having a great funnel of business and saying we would restate earnings estimates and then failed to even meet those. This along with an accident, business deal on a company we bought etc. I am not sure how many will stick or have merit and how many were started and pushed by desperate shorts that pays these little firms to stir things up. I do have admit Andy is his own worse enemy.
Why so giddy. We have done this numerous times just to give it all back. We need earnings beat and to reduce our losses. If not, we give it all back and on top of that we have the IRA issue to muddle through. I hope we get over both hurdles and start the rebuild back to $75. Is everyone trading and taking profits and that is why they are so excited or are you investing?
It is only like 12 class 8 trucks with 3 being h2 trucks so more a trial. The supply has to be put in place first, but its a start.