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Plug Power Inc. Message Board

  • bg_rox2001 bg_rox2001 Apr 2, 2013 8:02 PM Flag

    This company is going BK

    I post this on here about once a year or so. Everytime I post, all of the recent dip buyers claim otherwise. I have followed this company since IPO for 14 years and in that time all they have done is reverse split, take on more debt, share price declines, and evolve into insignificant nothingness.

    I read the article about 6 months after this company came out - "10 baggers of the next decade?" and right there was PLUG power. It sparked my interest but I never bought for investment.

    If you're buying here - do yourself a favor and dont hold long-term. All they have done is massively dilute the float and reverse split the stock.

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    • That is correct! And here is the best part, THIS management team can NOT be trusted or believed with anything they say. If the CEO says he needs 20 million dollars more to be profitable he really means we need 60 more dollars to stay in business for two more years and then we will be profitable in 2016 and will need 20 million more dollars to stay on our business plan. In a recent business review interview they stated the CEO changed the organization from a research organization to a manufacturing organization that was complete bunk. The company has spent 767 million dollars of shareholder money and manufacture NOTHING. They sold the building which was a shareholder asset for half its value and THAT money will be squandered paying THIS incompetent group. CLOSE THE DOORS! SELL THE IP and return some of the shareholder money.

    • Damn it.

    • Burger king is going to buy it out ! WOW does the share holders get burgers for dividends ?

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