Just spoke to investor relations at Plug Power ... I was told that it will be very unlikely that they reach 1 dollar for 10 trading days by October 7th. The lady told me that they will have a hearing in which they are almost certain they will get an extension for 180 days to get over 1 dollar.
She said that they have an entire presentations that will prove their future success.
Is this a good time to sell? ... Once the report comes out that they will not reach the 1 dollar mark/10 days I am sure the stock price will drop, but if they get that extension it should come shooting back up.
I'd suggest that the price weakness is due to too many people still familiar with the previous RS combined with the imminent threat of a new RS coupled with the recent events that reek of desperate measures to entice new buyers. I for one am not in a hurry to get burned twice on foolish board actions. My 40k shares, turned into 4k, requires me to have a $13+ break even price. Why make things worse by buying more unstable stock. If Andy Marsh would file papers declaring absolutely no RS, then I imagine the price would shoot up over a dollar in a week. There's just no trust right now.