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Re: scubastevemd post# 54969

Tuesday, 01/23/2024 10:18:28 AM

Tuesday, January 23, 2024 10:18:28 AM

Post# of 56877
Steve - Some clarity from my notes :

- Texas Plant not to start construction until 2025 and won't until PLUG has the money and the market warrants
- NY Plant not to start construction until 2025 and won't until PLUG has the money and the market warrants
- Tennessee not functional until Q-3 (their "estimate")
- Georgia not fully functional for 3-4 weeks (their "estimate")
- Georgia, The second phase has not begun construction and won't until PLUG has the money and the market warrants
- PLUG Needs the Both ATM AND DOE Loan
- PLUG is looking into FACTORING (NOT GOOD)
- A HUGE (50+%) EARNING MISS for Q-4 and 2023 !
- A 10% DROP in Revenues YOY
- Slowing Revenue Growth
- DOE Loan is NOT a Done Deal
- DOE Loan if approved won't begin to fund until Q-3 the earliest
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