Well said, if they need to sell a few more shares so be it. PLUG MUST stay away from venture capitalist, partners, and other #$%$ like GE, Detroit Edison, Southern California Edison, Mechanical Technology who ran them into the ground blocking their first product .... the 7 to 12Kw HomeGen 7000 which had been extensively tested. GE had sole distribution rights worldwide and advertised it .... PLUG stock ran up to $151.00/share at roll out time (first quarter 2000) then GE BLOCKED its introduction. PLUG must at the core stay independent from outside controlling influences.
A few more? You are funny! Current outstanding shares: 167 M. New shares in the meeting agenda: 205 M. Share count will be more than doubled. Lets calculate new share price after dilution. We will take a current price and multiply it by number of old shares and divide by the number of new total shares: $5.69*167/(167+205)=$2.55 !!! Even if we assume the current share to go through the roof and reach $8, it will still translate into $3.59 after the dilution. Good luck to all longs!