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Re: None

Wednesday, 01/24/2024 4:15:41 PM

Wednesday, January 24, 2024 4:15:41 PM

Post# of 56828
From Another Board :
Thoughts on yesterday‘s call:


- Positive that the Georgia plant is now online. Would like to know what the total cost of the plant is and have some sense of whether it can economically produce liquid hydrogen. We do know that it cost more and took longer than expected, we do not yet know how reliably it can produce hydrogen.

- Capital expenditures will be frontloaded in 2024 putting pressure on the remaining $100 million of restricted cash.

- Revenue will be backloaded in 2024, suggesting cash flow will continue to be substantially negative for the first half.... at least

- The DOE loan has reached the term sheet phase. That is encouraging, but does not equate to an approved loan with conditions that will actually allow plug to borrow under the facility. Details in loan documents matter and we have not been provided with any details.

- The only near term source of cash is issuing common equity under the recently announced arrangement with B. Riley. I think the management misrepresented the arrangement by suggesting it is some sort of bought deal.

Standby for more volatility in this stock as bits and pieces of news emerge.
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