Replies to post #55834 on Plug Power Inc (PLUG)

[Jack_Bolander]

Banger - I need to Strongly Disagree.

The Trend for PLUG is still NEGATIVE, and the Going Concern merely accelerated the decline. And fixing this issue with an ATM is just a BandAid and not a cure.

PLUG still has incredible hurdles to overcome and PLUG lacks the management horsepower to resolve these critical issues.

The recent measures you cite may slow the decline, but they won't arrest or reverse PLUG's Negative Trend.

Only a major positive catalyst can accomplish this.

There will be rallies, but every PLUG Rally fades within days.

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"Now going concern is no longer valid we should be progressing towards $6"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