Fracking pollutes billions of gallons of water with extremely nasty toxins. Designating this water as "not drinking water" is cynical sleight of hand. Only a crazy civilization deliberately poisons water.
The problem is fracking. Like it or not, fracking pollutes billions of gallons of water with extremely nasty toxins; and natural gas is acquired via fracking. Cheap electrolysis of H20 is the holy grail for hydrogen. As long as H2 is brown there will be no large-scale cut-over. Fracking has already been banned in New York, there are moratoria in other states, and a fracking ban is likely in California. H2 today equals natural gas. Change that equation and PLUG will be $20 in 6 quarters.
Motley Fool hacks want to own PLUG, but they're too cheap to buy it. So they keep trying to talk it lower, which of course has about as much effect on market players as comments on this mb. I would love to see a major, game-changing breakaway gap up at some point, not least because MF bozos will have missed their chance to buy in over and over again.
From Page 15 of Plug's DEF 14A filed 4/15/2016:
After a review of 2014 base salaries, and in consideration of the recommendations made by Radford, the annual base salaries of our named executive officers for 2015 and 2014 were as follows: Mr. Marsh —$600,000 in 2015 and 2014; Mr. Middleton - $375,000 in 2015 and 2014; Mr. Schmid - $335,000 in 2014, increased to $391,000, effective July 1, 2015; and Mr. Conway —$280,000 in 2015 and 2014, and Mr. Crespo - $220,000 in 2015 and 2014. Our executives’ base salaries reflect the initial base salaries that we negotiated with each of our executives at the time of his or her initial employment or promotion and our subsequent adjustments to these amounts to reflect market increases, the growth and stage of development of our Company, our executives’ performance and increased experience, any changes in our executives’ roles and responsibilities, and other factors.
Our named executive officers are eligible to receive annual incentive bonuses based on our pay-for-performance incentive compensation program.
In 2015, Mr. Marsh earned a bonus of $450,000, or 75% of his annual base salary. Mr. Middleton earned a bonus of $281,250, or 75% of his annual base salary. Mr. Schmid earned a bonus of $293,250, or 75% of his annual base salary. Mr. Crespo earned a bonus of $440,000, or 200% of his annual base salary. Mr. Conway earned a bonus of $157,500, or 56.25% of his annual base salary. Annual bonus awards made to the named executive officers in 2016 for performance in 2015 are reflected in the Non- Equity Incentive Plan Compensation column of the “Summary Compensation Table”.
Just the facts.
Andy is too impressed with revenue and obviously doesn't care about turning a profit. He is bringing home a nice fat paycheck. All he cares about is keeping the lights on so he can continue being paid. The stock he holds is not his main concern as he believes that if he grows revenue enough, someday his stock will be worth money. Meanwhile, retail holders are watching PLUG go down the drain.
Look back at the slides from 3 and 4 quarters ago. They charted projections about being a $500 million company in 3 to 5 years. Europe was a small piece at the top of the projected revenue bar. People who listened to those calls should remember that. I downloaded copies of those slides and still have them.
The same interests who bash Plug here 24/7/365 in defence of future market share for a status quo technology saw to it that the FTC was not renewed. Plug is threat to their bottom line -- I suspect it is lithium batteries -- and they are trying to cripple Plug if not put us out if business entirely. There are people in this world who will do anything for money. Anything.
Republicans do not listen to reason. A 500-word essay is an obvious marker that Republicans have succumbed to their own insanity and are by definition unreachable. Good luck to you if your business depends on rational behavior by crazy people.
Interest rates are hovering in the 0.2% range, and Plug pays 10% for a line of credit. What is wrong with Plug's management? They sell their products at a loss, pay their executives like they are making a profit, and pay orders of nagnitude too much interest when they borrow money. Everybody makes out like bandits at Plug except for shareholders, who watch helplessly as Plug throws sharehokders' money around like Little Lord Fauntelroys.