There is always a genius around who doesn't know how to read telling you to read something he doesn't understand.
"Item 8.01. Other Events.
"As previously reported on the Current Report on Form 8-K filed on July 31, 2015, Plug Power Inc. (the “Company”) consummated the transactions contemplated by the Share Purchase Agreement (the “Share Purchase Agreement”), dated as of July 24, 2015, with its wholly-owned subsidiary, Hypulsion U.S. Holding, Inc., and Axane, S.A. (“Axane”), a subsidiary of Air Liquide S.A, issuing 4,781,250 shares of its common stock, par value $0.01 per share (the “Common Stock”), to Axane. Pursuant to the Share Purchase Agreement, the Company also agreed to issue up to 3,105,348 additional shares of Common Stock at a later date. On August 26, 2015, the Company issued 1,613,289 shares of Common Stock to Axane in fulfillment of this obligation."
Every tick with this stock is three months long --- the time between ER's. When Plug shows a profit, pps will find support.
This post will be buried under a mountain of bogus claims that an institutional investor dumped their position. One post is futile against a torrent of paid trolls.
Someone laid out a cool 10 million dollars to own (or cover with) those shares at 1.70 yesterday afternoon.
That's what the SEC filing was about., 4.7 million up front plus 1.3 million extras.
Today's market rebound could be a DCB. I would wait a few sessions before I started calling the bottom.
That said, there is no fundamental reason for PLUG to be giving up market cap at this juncture, particularly in view of record revenue and steadily improving gross margin reported recently. Shorts are being handed a gift here by the broader market that smart ones ought to take.
U.S. and European market fundamentals haven't changed in the last 4 days. Inexperienced investors have been panicking, and traders with fast equipment have been cashing in.
July, 9 2013. Six week trial.
Another bogus post with no link from nyguy. (Google this: Fuel Cell Forklifts Gain Ground - Fuel Cells 2000)
When this idiot posts, don't even bother to check his facts.
I have had him on ignore for years.
The strength of the rebound, in the face of an 8.5 percent overnight slide in Shanghai stocks .SSEC and a 5.4 drop in Europe .FTEU3, has given support to views that the sharp early decline was more of a shakeout, a selloff exacerbated by automatic trading. Prevailing fundamentals have strategists and investors looking to pick up stocks rather that cut and run.
"We are unlikely to be going into a bear market," said Jason Ware, chief investment officer at Albion Financial Group, which manages about $1 billion for clients from Salt Lake City, Utah. "There are a number of positive things happening under the surface of all this chaos and it is easy to forget those things when you see these types of moves."