Plug Power Inc (PLUG)

[ID Supermoney]

Also some more dilution coming!! On more warrants!!

the exercise price of the warrants was reduced to $2.27 per share of common stock. Simultaneously with the adjustment to the exercise price, the number of common stock shares that may be purchased upon exercise of the warrants was increased to 9,421,008 shares.

This happen in Q1 early Jan!!

So now we are up to at least O/S of 116 million plus say 9 million = 125 million shares!!

So $3.50 x 125 = $381.50 million market cap!!


So this is getting over priced even on future earnings!!

And at $4.00 = $500 million or more!!

With no earnings in sight!!

Even company states!!

assuming the warrants are not exercised

So they think this money will be in future and not now!!!


GLTA


ID