Plug Power Inc (PLUG)

[igotthemojo]

"Now going concern is no longer valid we should be progressing towards $6"

they had a going concern issue because they didnt have enough money to keep the company above water...and they couldnt make enough money to solve the issue...nor could they beg borrow or steal enough money and the Fed Gov wont cut loose with those wefare checks they were hoping for...

so plug "solved" the issue by giving themselves the ability to dilute the crap out of existing shareholders to generate some cash...that allowed them to remove the "going concern" from the filings...but seriously, if the only solution that was available is to screw your shareholders, i cant say i think thats a very good solution...

dilution is not bad if the pps is high and you want to fund growth...

but if you are diluting a ton at very low prices because you need to keep the company afloat until, hopefully, the feds send you a welfare check, i just dont see that as a good thing...