I read it on the web. go look for it Citron.
Warning get out of all of these this week and come back next week.
Alternative power down.
VHC VHC VHC
oh its just a technicality that management thought it wise to sell more shares (2nd time this year) and $5.75 just this week! But ignore it. keep buying more at $8. That sounds smart.
Oh, they just gave away 4 million shares at 5.75 to be nice. No that is all she worth.
Split the different. $7 it will retrace to.
The forklift charging business has very low margins. That is why it only makes sense for a distribtuion center where the forklift can be used around the clock. You have to Spend $7 to try to save $10. Plug will never make anywhere close to the $140 million which is the current value of all the new shares they diluted just last year (17.8 million shares/warrants at $8/share)
They issued zillions of shares under $1 just last year and another 14 million odd shares so far this year.
Walmart and Fedex not just going to give money away. They are looking to spend a few million to increase efficiency by a few million. Problem is it costs PLUG a few million as well to offer the services. So what we have is a glorified battery changeout company. Its a real business. But come on peoples.
There just is not that much money to be made after expenses for pimping out a forklift.
So either management is stupid for selling shares 30% too low. Or the negotiated secondary offering price just this week was really somewhere around what shares are really worth. This is not good for those wanting more than $8. IMHO.
Maybe the "profit" for 2014 is only going to be 5 cents a share. If it is going to be of any significance why are they raising even more money .
So either management thinks the stock is only worth $5.57. Which is a bad sign. Or they think the stock will not be going much higher than that or why did they dump shares so much.