If you look at the history of companies that have done splits, just Google it, you'll see that splits are for companies whose stock has been roaring for some time and has become relatively expensive. Sound like PLUG? I think not. Come see me at $35. We've got a long way to go.
Look at the historical prices. Every time the volume goes well above average, m like today, the PPS goes up. Investing 101 guys. Longs are accumulating in anticipation of earnings in August. Shorts are hanging out but how much lower can a $2.50 stock go. Cover and run !!
The daily volume is telling you something. Go to the historical Prices tab on the plug page and you will see that the big volume days are all up day in price of stock. Admittedly lower volume down day usually follow. Look at 7-7, 5-27, 5-19, 5-12, 4-20, 4-151nd 4-14. All the big days are uppers. That tells me plug is being accumulated by patient guys like me who believe that Plug will indeed return to double digits, not as a speculative play but as a real company. Somebody called Plug the Netflix of power stocks. Here's hoping.
If it's a takeover you have to wonder about the price. I've some in the mid and low teens. (I know, but I got all excited about the research articles. "Yay science" and all that.)
I hope you're correct but what good is the money if you can't spend it? The NSC has the final say here not the money. If it goes the USSC, how many more years is that?
I've been sitting on the pony for five or six years, including the execution of our almost financier. After new money was found most expected a pop but not me. The money doesn't matter if the greenies and the courts want to let the indigenous peoples of Nevada chant on our 16 billion dollar pile of dirt. Best case, GMO wins and we make a buck in four years. Worse case, greenies win, appeals continue and the cash burns out until GMO is worthless. What white knight will buy it when the courts say "No"? This is not about business. It's about letting the courts bleed you to death.
As of this morning, each June option is selling for $.05. Three dollars is the strike price. They expire on the 19th of June. You can see this info from the options tab on the left side of the UEC summary page on Yahoo.
Call me paranoid but is it possible that the NSC is letting GMO die on the vine because it doesn't want to make a decision in its favor, thereby annoying the lefties in Nevada? Seriously, how many months can it take to make what should be a slam dunk decision? Financing was tremendous but where are we without water rights? (I hear there's a drought in the southwest and west. Wouldn't that be a great excuse for nixing additional industrial usage, for the public good, off course.)