Replies to post #44706 on Plug Power Inc (PLUG)

[Jack_Bolander]

Shail - I share your concerns.

[velcro]

From the Proxy: "The approval of the Fifth Certificate of Amendment of the Amended and Restated Certificate of Incorporation of the Company to increase the number of authorized shares of common stock from 750,000,000 shares to 1,500,000,000 shares as described in the accompanying proxy statement"
Historically, Andy Marsh has good news raising the stock price and then immediately afterward issues more shares.
There had better be an outstanding walk-on-water justification for more dilution in light that I'm still burning about the $65/sh issue and the subsequent Accounting Restatement.
In either case, I VOTE NO.

[uksausage]

they have to raise the authorised shares, in fact they should have already done so - just 30m left unaccounted for.

so what number is the number to go for?

do you want to hamper their ability to strike deals in the future like the partnerships this year?

They have no current plans (so they say!) since they do have significant cash but a lot of that is already earmarked over the next 4-5 years as laid out in their strategic plan

if the opportunity to increase their hydrogen generation capability - thinking in connection with Acciona in Europe or AUstralia they may need a few billion $.

If they need to invest to dominate the hydrogen air industry?

The board is thinking big, bigger than most people here seem to realise.

The question to ask is if we authorize doubling when will the next ask come? - are you sure you don't need more?