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Good News Bad News. How does plug turn this around. Quoted from a Yahoo article: Revenue for the third quarter was $61.4 million, an increase of 250 percent from 2016. Still, Plug Power had a net loss of $41 million for the quarter.
In the conference call Marsh said their profit margin was 11% which seems really low. Appple works on a 38% profit margin. They are burning through lots of cash. They need to find a way to fatten up their profit margins. While they have a great product they need to find a way to bring down costs or charge more. They can't work for free. There is a lot of risk that is why the stock is 2.00
I sold at 2.96 missed the top. Anyway, I think we are probably in store for a few downgrades. At what point does this company become profitable. I will see how things go next week and decide if I want to jump back in.
There is no volume. You couldn't sell if u wanted to.
Thanks. I will talked to my broker for sure It costs a lot of money to get a ticker on the OTC from what I read so I would think that it would be sold at some point rendering the GRLT share worthless.
I'm thinking there are fees to keep a ticker active. At some point would this stock be de-listed if the fees are not paid? I could use the tax break. I can't imagine any venture capitalist giving these guys money so I see no other scenario..
I guess it's easier to take people's money than to build a real business. There are Hibachi - Japanese restaurants in the mall and there is quite often long lines. They offer a tasty alternative to all the other high fat foods that are in the food court such as Nathans, Wendy's, Philly Cheese Sandwiches, etc. If they could have kept the restaurant open in Florida and opened a few company stores this could have been a 2.00 stock. But instead they let it close and diluted the stock shares. I don't know how these people sleep at night.
I agree there were many red flags. I've made much more money than I have lost in penny stocks and know the risks. However, it's criminal to mislead investors such as leaving up information on a website that was not true. GRLT listed several restaurants on their website that were defunct leading investors to believe they were working entities. I'm sorry but all companies need to report and be truthful with the facts. This type of behavior is widespread and not right. The SEC's job is to protect investors. There are just way too many fraudsters.
GRLT was a brilliant concept for a restaurant chain. Fast, casual dining with a unique and healthy menu. If they could have stuck to that vision and executed this would be at a much higher price. Instead the stock is in purgatory. I can't sell so the stock is holding me hostage. I may have to ask my broker to declare this as a worthless stock so I can take a loss on my taxes. What a shame. I really think that the government, sec should have more oversight into OTC, BB stocks. Anyone can open one and then claim whatever they want. They take people's money with no consequences. This is so very widespread.
Think long term not short term. I kept all of my shares. I remember when Amazon crashed to 5.00 a share and plenty of investors sold. I think there are some great things about to happen. I wouldn't be surprised if Bezos starts building EV cars with hydrogen cells. I'm giving this stock 5 years to do big things. EV cars aren't selling because of range limitations. With hydrogen cells you can re-fill your car in minutes not hours. The infrastructure is being built out in California and other states and countries will follow. The technology collaboration between Amazon and PLUG is what excited me the most.
Jeff Bezsos will mentor this company to profitability and beyond. Great things to come.
I remember when Amazon crashed and hit 5.00 a share. Investors were saying boy I'm glad I sold. The stock went on to be one of the biggest gainers that I can remember. I think PLUG with AMZN help will do the same but on a lesser level. Amazon is in collaboration with AMZN and ordering a lot of product. There is going to be many interesting press releases that will blow the shorts out of the water. It will take time but it will happen. Don't watch the everyday price. Close your computer and turn it on in two years for big profits. This stock is poised to fly high. Check this out: http://cafcp.org/stationmap
It will get there trust me. Uncle Jeff is on our side collaborating. There will be many powerful news releases that will rattle shorts and bring the stock higher. We have to wait and be patient. Amazon should allow PLUG to be profitable and to blow earning expectations out of the water. Now is a great time to accumulate shares in my opinion.
Maybe. It doesn't matter. There are some very strong catalysts coming. Amazon was a 5.00 stock after it rose quickly. PCLN was under a 1.00. Just wait and see. Uncle Jeff is going to surprise everyone. Not going to happen overnight so start accumulating shares.
Cuban's largest position is Amazon. He called the company "the ultimate A.I. company" and "the ultimate start-up," applauding the e-commerce colossus for knowing what people will need before they need it.
Looks like there was capitulation when this stock hit .83. We got rid of a lot of weak hands and many shorts covered. Bezos wants this technology for the future and for what plug can do know for Amazon. Several big car makers have and are coming out with hydrogen cars. Hydrogen filling stations are popping up all over California. Bezos knows that hydrogen cells can dramatically increase flight times of drones. Hydrogen can also power electric cars and much more. Bezos is 2 years ahead of everyone else. The guys is a genius. Another Steve Jobs. To short this stock or bet against uncle Jeff is suicidal.
There is freedom of speech and then there is slander. If you don't have proof you are slandering the company which is not right.
I thought the conference call was excellent. PLUG confirmed profitability by next year and expansion of their product line. All great news. This stock over the next few years should move up nicely. I remember when Amazon was at 5.00 a share. We have uncle Jeff on our side and he had a few aces up his sleeve and huge plans c or fuel cell technology. Ev cars can't compete with a 3 minute refill. The test bed is in CA but the East coast is next.
Uncle Jeff is in our corner now. He is buying lots of product and has something up his sleeve which means he probably wants to dominate the hydrogen cell market. Time will tell. No matter what happens tomorrow PLUG is a much stronger company with Bezos in our corner. He is not just buying product he is also has a stake in the company and is in collaboration with PLUG to expand the product line. Giddy up!
China: Plug Power will work to "develop new fuel cell applications and fueling solutions to be utilized in the large and expanding industrial electric vehicle market in China" according to its press release.
By March 2017, the three companies expect to deliver two industrial delivery truck prototypes, which feature Plug Power's ProGen fuel cell engines. After the prototypes, the collaboration is expected to produce more than 500 vehicles and a fueling station network to be deployed in the Shanxi province over the following year. Should this prove successful, the three companies plan on deploying 13,500 commercial fuel cell vehicles over three years with a widespread fueling station network.
Bezos sees what is happening in Europe and China with vehicles based on Hydrogen fuel cells. It's my best guess that Bezos wants to dominate this space like he did with cloud enterprise computing. My guess is that he will start building cars and an infrastructure to compete with TESLA. There are so many applications for fuel cells and now is the time. Also, Bezos is huge into drone technology for delivering packages. Hydrogen cell batteries would work great for this application. Know that Amazon is working with PLUG to innovate in the Hydrogen cell space is HUGE and very exciting. I can't imagine shorts being around too much longer when revenues start exploding.
Amazon is no joke. If Bezos is betting big on Hydrogen cells so am I. Amazon is not just buying they are also collaborating. That is huge. Jeff turns everything he touches to gold.
Yelp gives it great reviews.
Someone is buying all those shares so that is promising.
I haven't been around for all those years. I would like to see this stock go to .10 That would be a feat but we need some real news for that to happen.
My stock was worth about 80 million at that point.
I would agree. If you want a bluechip stock then buy Apple or Amazon. Penny stocks are companies who are burning through cash and are real gambles. The last stock I bought went form 3 cent to 75 cents with no profit.
I would like to .1
This was a dollar stock way back.
The original restaurant concept was genius. I think Chipolte should buy the rights to the concept and get this stock flying high.
Tremendous volume today. 3/4 billion shares, Anyone have level 2 quotes? Like to know what percentage was buy vs sell.
That wouldn't be the best thing for the stockholders form my vantage point.
I'd like to think that something positive is on the horizon.
Nice to see some good volume over the last few days. Maybe something is brewing. I like to be positive and to think that this company will somehow turn the ship around and sails us into a rewarding sunset.
Just curious. Who runs the page on the grlt ihub? I notice that other ticker pages are vastly different.
Not too many options left at this point. Are any of the restaurants still open? Where there any financials posted? I still feel that the original GRLT menu was special with no competition. Where do we go from here?
I must have clicked on an old link when the page was a lot different. This stock is in limbo.
I love the new page. Lets hope we get things rolling again. This use to have a very low float and hit 4 of 5 dollars. I'd be happy with .10
There is no volume. Who would buy the shares? I'd love to dump them and get a tax write off. I loved the GRLT concept, menu and original restaurant in Miami. When that restaurant went belly up the owners shifted gears and abandoned the original vision if there even was one. I think all the GRLT franchises are closed. When I dine out we are always looking for healthy restaurants that are reasonably priced. I took a gamble and obviously lost. I have done quite well on penny stocks so I can live with the loss. They should either sell the ticker, close shop or try to open another GRLT restaurant. What a shame because if they would have stayed with the original plan and did everything they could to keep the Miami store open things might have been different.
I wanted to sell my stock to take a loss this year but there is no volume so am I stuck. I feel like I'm in limbo here.
I would like to see this stock get its act together and start moving up or just go bust but this purgatory is pretty mind numbing.