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Mass production !! Difficult to identify what you would call mass-production.
A double agenda ??
The problem is depreciation which will reduce the cost of their Inventory. It is critical for cases where company LOOSING MONEY.
Depreciation - a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
3M - R&D Numbers on CNBC article.
3M assignation won't rescue PLUG from a deep mud.
Read their article and watch my conclusion explaining "WHY a mud deep enough to keep PLUG on its knees ".
3M CEO: Research Is 'Driving This Company'
http://www.cnbc.com/id/100801531
Ok - Numbers are here. Secondly: Here is my approach ( Ax ).
(A1):
Drop in PPS is talking for itself.
2 years chart picks:
Mar-2014 - $8
Aug-2014 - $6
Nov-2014 - $5.3
Feb-2015 - $3.3
During the one year term, the price of share has lost 60%.
Since 02/15, PPS hasn't crossed $3 - there was no reversal. Now, it is $1.8.
Another 60% of losing high from the resent pick of $3, it is PPS = $1.2.
However I believe we will slide far lower because of approach "A2".
(A2):
Please watch the last quarter report:
PART 1. FINANCIAL INFORMATION (Item 1—Interim Financial Statements)
The cost of inventory is $31M with depreciation of $27M & $26M for plant and equipment respectively.
The worth of inventory and cost of depreciation are almost the same !!!!
In Nov-2014, on their 10Q report they stated that their depreciation is $1.4M. It is increased by 25 times.
The company which consistently losing money quarter and with cash balance decreasing by $20M during the same period of time, so in couple months from now their cash equivalent will lower then depreciation level. It means they will worth ZERO and PPS will respond adequately.
My friendly opinion:
1. Spend your time on investigation of 10Q reports for 2014/15.
2. If you believe in their approach, protect your shares with PUTs.
NOW IT ISN'T THE RIGHT TIME TO HATE EACH OTHER BECAUSE SOME OF US WHO WAS CONSIDERED AS SHORT SELLERS BROUGHT TO PUBLIC TRUSTFUL AND RELIABLE INFORMATION ABOUT PARTICULAR BUSINESS.
Next week it will fall below $1.5.
I see the fiasco of his business.
18 years of success ??? and Of course $20B business !!!!
And - Financial terms weren't disclosed.
Andy has always quit about financial details because every business he was involved in... ?????, For sure it will be another blockbuster fiasco for this company.
Over 100M shares were traded. Nice old count.
Investors anxiety a little help from shorts on their miss by $0.01
Going through 2016 (FY ) - Who will finance 3rd phase of development of business? Do search through the 10Q report, phrase: "Fiscal Year 2016 ($) "
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10771581-834-173770&type=sect&TabIndex=2&dcn=0001451514-15-000023&nav=1&src=Yahoo
They need over $17.3M to support the expenditures of their business.
Shares selling won't satisfy their ambitions - FOR a GOOD REASON
A simple math:
Authorized shares = 200M
Outstanding = 34M
200 - 34 = 166M x $0.05 = $8.8M -> It is far from $17.3M
1. NO CHANCE R/S will occur again because he could do 1000/1 to support selling shares and filling up such a big financial hole.
2. No chance, Minerco production line will magically start to produce over 3m bottles monthly and 3 dozen million people will suddenly change their habits to through away what they loved to drink. May be couple thousands will do.
I would "speculate" about we will hear soon.
<<< There will lay down an agreement for a bank credit line or investment in the company by well known private investor. >>>
I strongly believe in my own speculation because I believe that Scott.V. is going to drop atomic bomb soon.
Have you seen what Marsh stated through his Twitter account ?
6'th of November:
Beyond today. Gevo is developing xciting products and has enunciated a clear path for the future. My interest in the company is LONG TERM.
If I remember it well, He is holding a chair of BOD
He is feeling the end of the story and now he will focus on destroying GEVO too.
Hey loser: Focus on your own business first !!!
Navy* - I want to share my best wishes to you too.
You have been doing an excellent job and updating us frequently with interesting info. God bless you.
Warner - ?
Do you mean warren buffett ?
If yes, I have no much sympathy to him but have to admit, he is a very talent person.
By the way, he is an old man. In his age, there is a high chance that people like him will do inadequate staff.
False ?? - You have study first to read their Q reports because it is written black on back of white.
Ok ok; we heard a lot of stories here. It is kind of a naive approach.
And now tell us how they will finance all that activity ?
Their core business doesn't generate money for them. The key word is doesn't generate.....
Bottom line - they don't have a real recovery plans and won't be.
Would you mind to rephrase your question with more accent on Andy is running business in non profitable way which will lead to stay with no available cash just as fast as Q4 of 2016 waiting us behind the corner.
Nike will be grateful for installing PLUG equipment to save to itself money. However it won't eliminate the problem of PLUG to continue to lose money as it was during last quarters when PLUG added customers and shipped fuel-cells but decreasing cash remained non change.
They reported that during 9 month of 2015 the company Decrease in cash and cash equivalents $61,196M.
Make your count and remember that during 2015, the company expended customer list but increase in cash or sort of slow down didn't impact of company financial prosperity at all.
Yes we did, because it is the current reality !!
$1.15 - real price of PLUG. Why ?
Because:
1. Amount of shares = 180M
2. Per last 10Q - Total asset $204.618M
3. No P/E - doesn't add to value of share ( Frequently lost )
Final math => 204.6/180 = 1.15
Don't be surprised to see PPS will slid far below of $1.56
Now it is driving anxiety and not short interest.
Even me who was blindly calculating Put versus Calls and another unreliable data. This business can't prove itself because of a lot of factors.
I reread their SEC fillings and found some interesting data.
Check F4 first : quarter after the quarter the company has given gifts of 30K shares quarterly:
Quarterly Stock compensation awarded to directors pursuant to Plug Power's 2011 Non-Employee Directors Compensation Plan.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10973163-995-8710&type=sect&TabIndex=2&companyid=11641&ppu=%252fdefault.aspx%253fcompanyid%253d11641
Awarded for what - $10M quarter lost by burning $20M cash ????
We are blind idiots have been eating their "daily meals".
No exist such animal in business "Free meal"
Yoooooooooo..... 3M volume in first 30 minutes of trading hour.
We have to admit that such tremendous burn off their cash treasury by quarter following quarter will empty the company pockets in 4 quarters from now.
Yesterday 5 Million shorts closed their position.
http://shortanalytics.com/getshortchart.php?tsymbol=plug
Call/Put ( C/P ) ration.
I attached 2 pictures from the datasheet of my broker and calculated C/P ratio for 20/11/2015 and 18/12/2015 ( options expire day ).
My calculation for November and December C/P Ratio of 2.5 & 6.7 respectively.
IMO: Strong upside will go through December and probably we will see levels in range between $6 and $8 dollars very soon.
Call/Put ( C/P ) ration.
I attached 2 pictures from the datasheet of my broker and calculated C/P ratio for 20/11/2015 and 18/12/2015 ( options expire day ).
Pay attention that my calculation is based on principles of 1 dollar range with PPS embed near to in money strike price.
Example: 2.5"Call <- PPS=2.76 -> 3"Put
Based on my calculation for C/P Ratio of 5.46 & 9.3 I would conclude:
1. Strong upside will come after PE release ( 7'th of November )
2. Short position were backed by Call options which can be easy transferred to shares without to be caught with pants down. In additional there is no big difference in premium value for Put other as Call on $2.5"Put and $3"Call respectively which probably say that longs neither short know what direction will go price.
================================================================
There are many of us waiting with crossed fingers for tomorrow's report.
My message to childish approach of little kids who try to prove they are right. If you want to retire before age of 50, you should look for your luck with Bio-Tech/Health companies. Forget about PLUG.
- Reading your post about how disastrous were financial data of PLUG in the recent years, actually didn't change my opinion about PLUG business at all. The company is growing and their products are consumed.
Hope I answer your question.
After long hours of search on the web:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118323449
2 more days to wait.
Short activity vs PPS ???
http://shortanalytics.com/getshortchart.php?tsymbol=thld
Short-daily report: Answer for my headache !!!
Finally found it:
http://shortanalytics.com/getshortchart.php?tsymbol=plug
Beginning on 26'th/October up to 2'nd/November, it has went down by 5 times and after that climbed back to the same levels.
Exclusively for you guys. Upssss...
http://shortanalytics.com/getshortchart.php?tsymbol=mine
Do your conclusions !!!!!
Honest answer, A+++.
There are many signs are signaling that the North pole is very close for shareholders as it wasn't there before.
Thanks a lot.
Are we able to estimate a volume of covering shorts during the last trading session ?
Precise numbers will be highly appreciated.
Can say how many contracts ?
Buying volume jumped dramatically
check 3:59, 7 more minutes to go.
Viva La Tomatina !!!
carney from WSJ and jack lew are widely talked between investors.
Delaware court will rule in favor of shareholders.
I'm going to keep 2 boxes of Mexican tomatoes in my fridge and after releasing FnF from tyranny we will throw tomatoes on dummy of these 2 idiots same as people celebrating La Tomatina
Yesterday was the beautiful trading day.
PPS didn't slide below MA-200. It can be found on 3 month chart. The tail of the candle touched MA-200 and bounced back into the channel 50/200