Plug Power Inc (PLUG)

[canadajim]

MVTG has been a threat to their investors...

Cumulative over the last four years (in millions):

 
 Total Revenue          0.28 
 Cost of Revenue        0.01 
 Gross Profit           0.27 
 Operating Expenses     4.66 
 consisting of : 
         SG&A                   3.78  (81%) 
         R&D                    0.84  (18%) 
         Depreciation           0.12  (balance) 
 

Please forgive me if I stay far, far, far away a company that is traded in the over the counter market with SG&A that is approximately 1,350% of revenue and 450% of R&D expenditure.

IMHO their balance sheet presents a very clear view of the focus of the company to date. This is a company at the angel investment stage and in a completely different class than PLUG.

But for any PLUG investors who wish to jump out of the pan....

P.S. If you would you like me to extend the courtesy of posting this on the board where it really belongs please advise.