Plug Power Inc (PLUG)

[Jack_Bolander]

WTM & mira & B_B & Steve & Banger -

They can't get a grasp on Georgia because they have never done a hydrogen plant to scale before. They are all neophytes. It would be like any of us trying to build a hydrogen plant. They don't even know what they don't know.

My proof ? They boasted : "Hydrogen is Easy."

Banger and I have been around industrial gases for years and we KNOW Hydrogen is the most difficult gas to manage, and Liquid Hydrogen is orders of magnitude more complex. I stated here last year that Georgia wouldn't be fully operational until 2024 the earliest. How is it that I knew this and PLUG didn't? Neophytes !

As for the DOE funding, I am guessing that this is DEAD. Just think, when they began discussing with the DOE, PLUG's share price was over $10.00 and it's market cap was $2 Billion more than it is today. Any lender reading yesterday's numbers would laugh at someone coming in for a $1.5 Billion loan. Every critical metric was on a downtrend !

Think of getting a trade-in value for your car for a newer model and then totaling the car before delivery. And PLUG doesn't have insurance.

I described a worse case scenario yesterday, but just wait !


It gets Worse.