how can you talk about a bottom when the company has enough cash for only one more quarter. dont call me a basher just tell me where the extra money is coming from? stock dilution? good product but the failed indian deal is a major problem. plug wont go bust but they will sell more stock at a fraction of the current price. plug will go to 22c imo.
Good to see an accurate post based on facts.
When they run out of money they will go through bankruptcy and come out later a much stronger company for the short term eg; General Motors now making billions a quarter at the expense of the stock holders. In this case Plug will still continue to lose money.
Just my opinion.
even if they get more orders the costs will just go up. there is no way around raising more money in short term. always bad for stock. look at the downward pressure the last few days. I held plug as long as most. but man, these guys have not got a clue.
eg. they issue a profitability plan. then a few quarters later they say that sales didnt meet their plan which is normal for a company like this. huh?