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Plug Power Inc. Message Board

  • gdmrk gdmrk Apr 16, 2000 10:50 PM Flag

    Additional funding

    Is anyone besides me concerned about Plugs
    ability to raise additional funds given the events of the
    market last week. Their 10-K specifically states that
    they will probably need to raise additional funds to
    make it. The IPO and Secondary market have now
    shriveled to nothing.

    Any thoughts appreciated.

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    • MKTY did 2 rights offerings very easily and both
      were over subscribed. They were non transferable
      rights where by the unsubscribes ones were availabe to
      those that wanted to subscribe........ PLUG has well
      capitalized partners...... GE DTE SRE MKTY and its other
      share holders. I have no doubt that if plug wished to
      raise capital PLUG will be able to do so with ease!!!

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