How about this....
In Q3 2014 PLUG recorded a loss of $10.7 million which equates to an operating margin of -53.8%
3 CFO's in 2 years. A rent a CFO and one that refused the job.
Combine that with BOD members who have a history of accounting fraud and the company stinks like a fish.
A DEAD FISH!
Is an insider involved with insider trading!
The company is under investigation for insider trading.
He is one of the BOD members who has been involved with fraudulent accounting practices where he was CEO.
He has received stock option awards and has been given stock for his tireless pumping of the company on message boards and other social media outlets. He has never spent a penny of his own money on Plug but has a made a fortune lying and misleading investors.
There you have it!
Marsh stated on January 6, "The CEO says PLUG is on track for 2015 revenue of $130M". Now he states $100 million. To all those that bought on a CEO comment of $130 million have fun with that lawsuit. Next he stated on January 6, "expected 2014 revenue goal of $75M" considering the number of units he said the company "shipped" in Q4 they will come no where close to $75 million. Notice how the CEO did NOT mention THAT during the conference call. Notice how the CEO did NOT mention anything about the losses for 2014. If the company truly wanted to "manage" investor expectations he would have stated the FACT about the 2014 losses which he already knows and tried less to manage expectations based on speculation of 2015.
Why to you continue to lie?
In publically filed SEC filings Plug stated that 70% of their sales were directly related to tax credits. Without the tax credits Plug sales would be 70% lower.
No lie. VP of Sales do NOT just resign in a company with "hyper" growth.
The move that will be applauded is when the CEO and BOD are serving jail time for fraud and insider trading!
PLUG is well known for fraudulent and misleading accounting practices. Plug is also well known for insider trading. Do your due diligence. Losses for Q4 2014 will be huge. Losses for 2014 largest single year loss in the companies history!
Review the history of the CEO and BOD member for making fraudulent and misleading statements.
Based on what more fraudulent or misleading statements? Marsh and his board members are very good at it. Take a look at Hickey. Do some due diligence. It is NOT the first time Hickey has been involved with "entirely fraudulent" revenue. Look up Critical Path Inc. where he was CEO.
And cost between $1.2 billion and $1.6 billion over 5 years. Total losses over 5 years $400 - $800 million. that is a lot of dilution rounds.
Not filed in any SEC filing. Huge losses in Q4 2014. Largest yearly loss in the companies history!
He just "resigned"! VP of sales do not just "resign" when the company is as the pumpers would say doing "explosive" growth! The VP of sales knows that with the end of tax credits and money from the AR&R Act the explosion is more like an implosion. Where is the SEC filing on his resignation? Where is the SEC filings on the new hires?
Where was that reported in a SEC filing? I can't find an SEC filing anywhere that shows Q4 margins as positive at all. Are you quoting Marsh who has a history of lying or just making it up to be misleading?
No. Amazon thought about it but without the tax credits and money from the American Recovery and Reinvestment act decided it was not worth it!
Actually they hosted tours for the underwriters of the next round of dilution. The guy from Cohen, who just lowered his price target, confirmed it.
Which will provide anywhere from 200 to 300 million revenue over 5 years and cost anywhere from 400 to 600 million to make for a net loss of 200 to 300 million.
Tee hee hee! You pathetic piece o'sheet!
I was here when the stock $10 PRE SPLIT posting facts about Marsh and BOD lies. That same $10 stock is now worth 30 pennies. Still under $1 split adjusted. The company has made promises for dilution purposes over and over again. The company will dilute again once or twice this year and still never make a dime of profit!