hydrogen has lost its luster...worldwide...now theres a lot of hydrogen related companies out there that are all after the same hydrogen crumbs...
instead of trying to be a bigshot in the hydrogen business, plug is going to try to stay relevant by going smaller in a shrinking hydrogen market...the hope is that in a few years, hydrogen will grow...somehow...
the problem is, plug is digging themselves deeper into debt and still bleeding cash...they need to start getting a whole lot of new business or they need to lay off as many employees as they can...
plug is at the point where they know they have to bleed investors for more cash...thats why they want more authorized shares or they will do a r/s....
after they dilute the crap out of shareholders, they may once again make a big deal out of paying off debt....great for the company but it will massacre existing shareholders...and shorts will have a field day shorting plug shares...
im not saying plug couldnt right the capsizing ship, but that depends on a lot of things....many of which are not even in their control....
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