Plug Power Inc (PLUG)

[Digra Ive]

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.