This is a big red flag.
Open the market and SELLL SELLL SELL
SELL SELL SELL SELL SELL. 100k but i will make some back monday. SELL SELL SELL SELL. $5.74 secondary offering and pumpers still pumping at $8. SELL SELL SELL SELL
Actually it is worse. After underwriting costs net proceeds to the company were only $5.50/share. that is over 30% down side to the underwriting price. LONGS STOP PUMPING and start selling.
PLUG no longer marginable at online brokers. Margin calls coming.
This is why analyst price targets are under $2/share.
Any real estate value will be all gone. Only chance is to shut down all stores right now and sell everything. Or else there will be nothing left???
LOL i dare you to buy more above $8 on monday. The only reason why longs post here is so they can dump. The only reason shorts post here is so they can cover. There are 100 longs for every short. On way down will be no buyers.
Margin hiked for PLUG retail traders.
Pumping this after rising 30% friday for no reason is really criminal.
The company basically said $5.75 is a fair price for the shares currently. And that was just Wed.
So if you look at the Q3 income statement. They lost about 8 million on $7.5 million in revenue. If revenue increases by $20 million a quarter (using a 50% operating margin) that will add about $10 of quarter to the bottom line so income will be about $2 million/quarter. Or about 2 cents a share on 106 million shares.
that is 4% dilution. and 18% dilution already this year. They sold shares at $2.80 and gave away 4 millon warrants at $3.00 just 7 weeks ago.
Could it be that nobody in management thinks the stock can stay over $6 for long or that they see no significant cash flow any time soon. They already raised cash back in january.
They keep issueing shares as fast as they can.
I agree. And i bought shares at $19 and $19.10 right at the close. The question is why are people selling me their shares at that price? After this great news the stock should be closer to the $55 analyst target price.
That is worth more than the entire market cap of VHC.