We believe that our current cash, cash equivalents, cash generated from future sales and cash generated from the exercise of outstanding warrants, as well as the estimated net proceeds of approximately $21.5 million from this offering, will provide sufficient liquidity to fund operations for at least the next twelve months.
SEC filing says:
"Our purchase orders may not ship, be commissioned or installed, or convert to revenue, and our pending orders may not convert to purchase orders, which may have a material adverse effect on our revenue and cash flow."
YOU HAVE BEEN MARSHED!
Things are happening EXACTLY like I said they would. Marsh has put out a bunch of phony and BS press releases. He states profitability in 2014 and large orders. Let me inform everyone on this board Marsh has stated the company would be profitable for years. He does this to dilute investors and sucker in new investors. From the shelf registration: "We also have publicly discussed anticipated, pending orders with prospective customers; however, those prospective customers may require certain conditions or contingencies to be satisfied prior to issuing a purchase order to us, some of which are outside of our control. "
THE COMPNY WILL COME NO WHERE CLOSE TO BEING PROFITABLE IN 2014.
YOU HAVE BEEN MARSHED!
You have no idea about fuel cells do you? There are lots of toxic materials in fuel cells.
Hahaha. And there is enough Platinum on the planet earth to support fuel cells? You are an idiot. Further, hydrogen fuel cell technology is a net energy loss for the planet. It takes more energy to separate Hydrogen into its usable form and then the fuel cell is very inefficient.
It does not matter. PLUG loses money on every unit they ship.
Yearly report and Q4 2013 confirmation. HUGE LOSSES.
Losses greater than Marsh predicted.
Do not Leroy and do not care. Speaking of aliases how many do you have?
Reminds me of 2010 when all the pumpers were on the board quoting Marsh how PLUG would be profitable. The stock then tanked and the company reverse split. Chart looks exactly the same except at that time the stock was trading at $6 pre split and now trades at 44 cents. Same pumpers, same chart and the result will be the same. The company will lose 3X to 5X what Marsh says.
Exactly. That is PLUG standard operating procedure. Release multiple press releases for the same order. The next press release for this order will be commissioning of the fuel cells. Keep in mind, PLUG loses money on every unit they sell. This PR was meant to off set the Ballard release. Which showed fuel cell stack shipment shipped to PLUG were flat quarter over quarter and year over year.
Are a good indication of what PLUG will report. Ballard says material handling shipments were flat quarter over quarter and year over year. Ballard did not offer guidance with material handling and only stated PLUG reported they had orders. Ballard would be much more positive if those "orders" PLUG refers to were actual shipments. It is going to be an ugly report that PLUG files for Q4 2013.
Sure you will! You say that and will sell into any strength as the company will have to report Q4 2013 results which will show huge losses. Not to mention the huge losses for all of 2013. We might even get a pretty good glimpse at when PLUG will have to dilute again.
Trending up into earnings? Look at the SEC filings. PLUG lost between $8 and $10 million in Q4 2013. They will lose more than Marsh stated for all of 2013.
You will not be able to find such reference. The post was by a paid pumper or an insider. What you will be able to find is that PLUG loses money on every unit they sell. Such a contract could be a $25 million loss.
You post a lot of speculation but where are your facts? The same people that made those speculations made similar speculations in 2005 about hydrogen sales in 2012. Those speculations were off by 90%. PLUG loses money on every unit they sell. They have never met a publically stated milestone. They need corporate welfare and taxpayer money to survive.
I must say, very reasonable post. Keep in mind the chairman then and now was famous for making the same kind of grand announcement that PLUG and Marsh does now. PLUG never delivers on their so called orders.