The way I see it is that the more of these types of projects HYGS get in involved with, the higher the visibility. Additionally, each of these projects should help to reduce costs and increase efficiency. If the technology is everything we think it is, this will only increase the exposure. Unless the project flops, there doesn't seem to be a downside.
See story under Headlines. Looks like a small step in the right direction.
"MISSISSAUGA, Ontario, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (HYGS) (HYG.TO) (the "Company") today announced that it has successfully completed its previously announced underwritten public offering of 2,448,385 common shares (the "Offering") at a price of $7.75 per share, which includes 319,354 common shares issued pursuant to the over-allotment option granted to the underwriters, which was exercised in full. After deducting the underwriter discount and commissions, the Company received proceeds before expenses of $17,883,922."
The stock repurchase program may have additional benefits to the share price. As large purchases are made, both the price & volume increase. When this happens, Buy Stop orders are triggered by short sellers, further increasing the price & volume. The following article shows a relatively large short interest, so it looks like the repurchase plan may be causing a mini short squeeze.
The stock of Apollo Global Management Llc (NYSE:APO) registered an increase of 20.23% in short interest. APO's total short interest was 7.04 million shares in February as published by FINRA.
This clown thrives on creating his own publicity. The more others criticize him, the better he likes it. It wouldn't surprise me if the above posters were created by him. The only way to truly ignore him is to completely IGNORE him as well as any responses to his posts.
What John Corzine did was every bit as bad as Madoff, but he is walking the streets a free man. I guess it depends what your political affiliations are.
"Latest Analysts Reports On Hydrogenics Corporation (HYGS)
Recently stock market analysts have updated their consensus ratings on shares of Hydrogenics Corporation (HYGS). The latest broker reports which have been released state 0 analysts have a rating of “buy”, 3 analysts “outperform”, 1 analysts “hold”, ...
Risers & Fallers - 5 hours ago "
Both posters new members TODAY and this is each one's first post. Suspicious? Maybe something more here than meets the eye. As if this board isn't totally screwed up already.