Most with taxpayer money from American Recovery and reinvestment act or taxpayer funded credits. PLUG power is government sponsored corporate welfare at its best. PLUG will back below $1 long before it ever sees $10 again.
FBR is going to underwrite the next secondary offering?
I flew out of Albany Airport last Saturday and drove past the company. There was NOT a single car in the parking lot. NOT one. Flew back into the airport on Wednesday night and again, not one car in the lot. No cars in the parking lot on weekends or during a second shift does NOT look or sound like a company that has "hundreds of millions" in orders.
It was speculation back then and it is speculation right now. There was now reason for the price to be so high back then. There is no reason for the price to be over $1 now. The only thing that is different is the CEO. The CEO who ran the company then was a liar. The CEO who runs the company now is a liar!
PLUG will continue to lose money for years to come. Expect round after round o dilution as the company burn through cash looking for something that has positive gross margins. Don't buy PLUG unless you want to be a bagholder!
And after many more years of losses there will be something else they turn to. THERE is NO MONEY TO BE MADE HERE.
hahahahahahaha! And then all that down time associated with replacing the stacks and doing all that service.
They will not fire him. But watch for him to leave near the end of this year or beginning of next as the company misses all of his publically stated milestones. His job is done. He conned many into investing millions.
“CEOs and CFOs can be deprived of bonuses and stock profits if there is misconduct on their watch that requires a restatement by their employer,” said Andrew J. Ceresney, Director of the SEC’s Division of Enforcement. “We will not hesitate to pursue clawbacks in appropriate cases.”
“We will continue to aggressively seek out and prosecute lawyers who abuse their positions of trust and serve as conduits to fraud in our markets.”
EXACTLY. That was the plan. Marsh to lie and mislead investors. A temp CFO to cook the books. Now a new CFO with his neck on the line and the insiders know the jig is up. Watch for class action lawsuits and SEC findings of insider trading.
Do your due diligence!
"Bet on it!" you say. Just like any casino or horse racing. That is NOT investing. This is the last full week of trading in Q3. Funds will not be able to hold this stock while it remains under $5. Strong sell indicator set up.
Then the analysts would get it right and PLUG would be " in line" with analysts expectations. Notice not one analyst has given any guidance sine the Q2 numbers were released. They know the best for PLUG was in the 2nd quarter. And even then needed an accounting trick.
YOUR a #$%$ IDIOT that has no legitimacy to talk about all my so called IDs. I have NEVER posted under any other name. PLUG is a Ponzi scheme built for insiders alone. Get a grip and #$%$ off!
Do your research!
PLUG will not be in the forklift market in a couple years. There just is no money to be made.
Do your research!
NOT the first time PLUG has been found insider trading!