A realistic post from Yahoo mb Charles.....
“ Mr. Marsh: You will never read this note and that is all right……It would make no difference in how you operate PLUG. But, it is an opportunity for me to express my opinion of how PLUG is managed. You have been President of PLUG since 2008 and in January of 2008, the per share price was $27.40.……….As I write this note, the share price (AH) is $1.77. NOT a record to be proud of. I have been invested in PLUG for more than four years. No one forced me to invest but I was impressed with the company’s potential and buoyed by the many promises you made over the years…… The Hyundai MOI, the 30M deal that never surfaced, China promises, Fed Ex right around the corner, a GSE deal, the multitude of earnings promises. Yes, you have accomplished some great things: the company is growing and has a stellar list of customers. You excel at dilution in order to keep afloat and enable expansion. All that is great …. It is just that after 10 years, we are no longer a development company but a company that should be showing a profit and rewarding shareholders… I once thought this would be a great investment for me …. Then later decided it would be for my grandchildren.. I now am thinking about my great grandchildren. If you were to read this, I am sure you would get my point.” .
I agree with this poster in addition to Marsh’s deliberate lack of transparency time and time again. I am still waiting on explanation for warehouse , $100 milllion loan vanished without accounting, details surrounding purchase of CVS (sp)? And, many more in the last 4 years. And how about these conferences that are vague on detail or avoid any account of production .
