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But the clean company has nothing. $130 cash and no revenue.
you've got this coming up. 46 million shares locked up. these will be possibly sold.
April 15, 2015 7,500,000 restricted shares of the Company’s common stock were purchased at
0.000825 per share for total proceeds of $6,187.50. The purchase price was discounted to the market
price by 25% as consideration of the risks associated with the purchase of restricted shares that cannot
be sold for a period of at least 1 year.
May 5, 2015 15,968,000 restricted shares of the Company’s common stock were purchased at .001 per
share for total proceeds of $15,968.00. The purchase price was discounted to the market price by 20%
as consideration of the risks associated with the purchase of restricted shares that cannot be sold for a
period of at least 1 year.
On May 5, 2015 23,000,000 restricted shares of the Company’s common stock were issued to settle
wages accrued to management. Conversion was at market .0013. Gross proceeds to paid in capital
$30,000.00
only $16000 worth of shares traded today. 2.7 million shares.
Pretty good move for $16,000. Talk about pump?
0 Assets, 0 Cash, 1.3 million accumulated deficit. 900 thousand accrued payroll.
The 47000 in assets isn't real because its accounts receivable and its been over 35k for two years since the last CEO was in. Its safe to say the company wont see any of that.
I don't see anything good about this. They have some pictures of robots they didn't even make.
How does one acquire something with $130 and no revenue?
Looks like a big P&D. watch out.
I agree. Its a leaseback so the money is just being held but it also means that they cant use it either.
I couldn't find very much in the 10q but it did say something about a plant and infrastructure for a customer but gave no details on how long the leaseback would last.
They announced today that they started a sub-division for loans.
Plug-has-averaged-negative-60 million-for-16-years.-Guess-how-much-that-is?
We have experienced and continue to experience negative cash flows from operations and net losses. The Company incurred net losses attributable to common shareholders of $9.3 million and $20.3 million for the three and six months ended June 30, 2015, respectively, and $88.6 million, $62.8 million and $31.9 million for the years ended December 31, 2014, 2013 and 2012, respectively, and has an accumulated deficit of $958.4 million at June 30, 2015
THATS RIGHT, NEARING ALMOST A BILLION IN NOL'S.
Better hope they turn around soon because they need to dilute for cash in a little over a year.
differences laid out in a spread sheet for you
Bottom right of the first image has -22 million net cash lost. you can see it subtracting from cash. the top right has the -9m operating loss you were referring to.
here is the cash
p.s this was a previous spreadsheet with markings i made for a different post.
also i said they average -10m but hit -20m. Im going off the balance sheet, not some seeking alpha article wrote by joe smoe.
yeah all these spammer pumpers everyday. I think its funny that they defend a stock that hasn't grown at all in 15 years.
In 2001 it had a market cap of 600m. 2015 it has 300m market cap and only slightly more revenue.
It his as low as 20 million market cap.
Think about that.
lol you say 5%. Ill-put-a-number-on-it
lmao lets say they hit 5% net profit which is a joke. 5% on 120million is what? 6 million
so 300million/6 million pre tax profit is a 50 p/e.
Holy bad investing even if that were the case.
The money they make from gross margin(only 5%) will never cover the average 10 million they lose per quarter. They need to hit 100 million a quarter in revenue to break even or fix gross margin by a lot.
Last quarter they lost 20 million, higher then the normal 10.
Numbers dont lie.
are you serious? Tesla went from 400 million in revenue to 4 billion in less then 3 years.
amazon went from 8 billion to 88 billion in ten years.
This just shows how detached you really are man.
PLug took 5 years to go from 20 to 75 million
Nice trading range today. Will plug go down again on a market up day? Looks like it isn't going to get back what it lost in the market dump.
That should tell you something.
THEY SHOULD BUY THE STOCK THEN. DAMN MUST BE OVERVALUED.
BIGGER POTENTIAL FOR REVENUE, PROFIT AND THEY'RE GROWING MUCH FASTER.
LOL COMPARING PLUG TO TELSA AND AMAZON. NOW THATS LOL
Yeah they make 5%. Hardly a profit. They lost 20 million compared to 10 last quarter. What happened?
Yeah thats why they lost 20 million last quarter because the ceo is smart.
Yeah right LOLOL
PLUG HAS NO EARNINGS AND LESS THEN 5% GROSS MARGIN. EVERY ITEM THEY SELL THEY LOSE. OUCH. GREAT BUSINESS YOU GOT THERE.
Thats bad guidance. They make like 5% gross margin.
how about 400 million a year. maybe then you can get excited.
too bad if we listened to you we would be down 60%.
Plug must be going to crash sept 18
Its rare you see a short you don't have to cover.
Is plug it?
SHORTY CRUSHING THE BULLS. SHORTY MADE DOLLARS THIS LAST MONTH. THANKS COME AGAIN
the whole article he keeps saying it could go broke.
100m revenue guidance is terrible. There at 300 matket cap and they already made 25m last quarter and lost 10 million. Why would u think that is undervalued. Fair value is well under 1.00. When u start paying 1x revenue it might be worth a gamble
oil is going down and staying down for tight now. Good luck betting against cheap oil
nobody is buying names like plug with the market like this. already told you that. Good luck to plug and its investors, Its going to need it.
good point that's what i meant.
Real investors stick in the real world. You should lay off your mcig vape
so lets say they make a million next year. They can only pull in 200-400k max profit. im going to say 20% based on there actual gross margin last quarter. Thats $200k. so 200k profit and the company is trading at .039 which makes it worth 10 million. 10m/200k would be a price earnings ratio of 50. Good luck paying 50 times.
I would rather pay 50 times for a company with a real chance of growing way past that. Good luck with that in a over saturated market with players that have tons of cash to throw around.
Oh yeah, this is all before he has to pay himself and pay taxes.
The statement is in the recent 10k. LMAO back at you.
I believe what the company says. Not a IHUB pumper. Either way your stock is overvalued.
Then why are they doing this?
On May 29, 2015, the Company issued 2,175,867 shares of common stock for services valued at$138,168.
On June 30, 2015, the Company issued 1,526,322 shares of common stock for services valued at $90,664.
On July 31, 2015, the Company issued 2,738,782 shares of common stock for services valued at $109,551.
Looks like mcig is due for the monthly dilute
well of course. they have plenty to dilute. Still have a pretty big market cap compared to revenue.
We had cash available of $102,691 as of April 30, 2015. Based on our revenues, cash on hand and current monthly burn rate, around $25,000, we believe that our operations are sufficient to fund operations through September 2015.
Need I say more? Starting today, 1 month.
Mcig cash reserves.
You know its bad when they start using language like this. It usually means something bad is down the road.
Cash Requirements
We had cash available of $102,691 as of April 30, 2015. Based on our revenues, cash on hand and current monthly burn rate, around $25,000, we believe that our operations are sufficient to fund operations through September 2015.
did you see that they are burning 25k a month? revenue doesn't matter when you're losing cash and only have 100k. do the math. They said September. They have plans on diluting you out of your investment.
Like you said, This is going to sub penny or they're filing for bankruptcy. Most likely dilution.
Company still has a lot of room to go down the way I look at it.
They made 500k revenue but gross margin went down to 20% plus there losing money per quarter. They company is worth 9 million right now according to todays market cap. Would you pay 9 million for a company with 500k revenue and losing money? Probably not. So neither will the investors. I'm thinking its going to be a long 3 months for this stock. 1 penny still values it at near 3 million. Sub penny soon?
they said they only have enough cash until September. That's not the long haul.
Here is why your share price is going down.
On May 29, 2015, the Company issued 2,175,867 shares of common stock for services valued at$138,168.
On June 30, 2015, the Company issued 1,526,322 shares of common stock for services valued at $90,664.
On July 31, 2015, the Company issued 2,738,782 shares of common stock for services valued at $109,551.
more to come. Probably today after the report. lol
Did-you-read-the-part-where-they-said-they-only-have-enough-cash-untill-September-2015-heedthechief?
Here it is for u in cased you missed.
We had cash available of $102,691 as of April 30, 2015. Based on our revenues, cash on hand and current monthly burn rate, around $25,000, we believe that our operations are sufficient to fund operations through September 2015.
Is Dilution coming or bankruptcy? Which do you think
Why do you pump all day? No valuable info has ever come from the spammers on here. Mainly admins like you living on false hopes.
Don't take it to heart. It's Just my first amendment. You don't have to read my post. Obviously my post struck a nerve?
your board isn't affecting the stock anyway. Like I care if someone sells or buys. Lol. And I'm not short or long. I did have puts awhile ago and cashed out.
Thinking you can affect a stock with ihub is just lol.
Revenue per share is going down even though revenue is up.
You need 100 million a quarter just to be solvent. Good luck
Gross margin is terrible. they had 25 million in revenue but only only made 1.5 million on it before they spent 9 million in operating cost.
24 million in revenue = .14 cents per share.
do the math. .14 a quarter x 4 =.56 cents forward revenue.
1.72/.56= 3.07 times revenue. Your paying 3x revenue for a company that's losing on average 10 million a quarter.
Take a look at profit now. Lets say they didn't spend any money on operating cost and made 1.5 million a quarter. that's 6 million a year pre tax.
Once again, some basic math. 300 million market cap/ 6 million profit= theoretical p/e of 50. that's if they weren't losing 10 million a quarter in operating expenses.
With 100 million in cash they can only stand another 2 years before diluting. So basically this company needs huge growth. Im thinking 100 million a quarter in revenue just to become solvent.
This market will continue to sell and names like plug will be the first to go because its a growth name that's losing a lot of money.