The same analysts said the stock price one year ago would be $7 today. How did that work out? And by the way most work for companies that underwrite the next round of dilution.
What squeeze? Most institutions will not be able to hold PLUG. Look for a huge amount of selling in the last two weeks of September and a whole lot more as the Q3 numbers are released. PLUG will be under $1 by the end of the year.
sapphirecover is a fruit loop! Folks that know him call him a scam artist and a #$%$.
Yes he could. And it would all be done at a huge loss for PLUG and PLUG shareholders as he dilutes time and time again.
Are you suggesting Walmart will fund PLUG as it closer to BK? I doubt it. Walmart with not chase bad money with good.
You said the same thing at $8, $5 and $3. You will be saying the same thing at 50 cents. The only manipulation being done is being done by the insiders and pumping #$%$, otherwise the price would be 25 cents by now.
Actually I think the SEC will catch up with PLUG and AL. Like how PLUG and AL set up shell company called Hypulsion so that AL could make a huge investment in PLUG with insider knowledge of a pending Walmart deal and avoid the PLUG poison pill called the shareholders rights agreement. AL then sells their shares for a huge profit after PLUG dilutes several times, sells the shell company back to PLUG for twice the investment and gets out completely.
Actually the SEC does an excellent job at rooting out fraud. Some recent releases “Bankrate manipulated its financial results through numerous small accounting entries in order to meet analyst estimates on a key metric.” Glad to see SEC investigates manipulating financial results. Then there is this little tidbit “Executive compensation is material information for investors, and companies must ensure that perks it pays for executives are properly recorded and disclosed in public filings,”. But it is a firms accounting that they are really watching “We allege that Isaza-Tuzman and Smyth brazenly falsified the financial condition of a public company and misled investors and auditors about the company’s revenues and ability to deliver the products it was touting,”
Walmart and Home Depot already factored in to share price. Hypulsion is not as Hypulsion could triple the companies losses and almost insure yet another round of dilution.
The fact is the company has been saying EBITDAS breakeven since 2009. Never happens. What does happen is more dilution and more misleading statements from corporate executives.
And insider trading is illegal. “Individuals who obtain confidential information through a relationship of trust with a corporate insider are prohibited from using that information to trade securities,” said Joseph G. Sansone, Acting Co-Chief of the SEC’s Market Abuse Unit. “These traders violated such a trust by using highly-sensitive information to reap illicit trading profits.”
Matt, Chris and analytical mind all very desperate to just break even with there Plug investment. Home Depot factored into current share price, European expansion and Relion add to companies losses. Look for more dilution before end of year.
The SEC IS doing its job. And it WILL catch up....“Individuals who obtain confidential information through a relationship of trust with a corporate insider are prohibited from using that information to trade securities" and for other atrocities “We allege that Isaza-Tuzman and Smyth brazenly falsified the financial condition of a public company and misled investors and auditors about the company’s revenues and ability to deliver the products it was touting,”
What should be depressing to investors is the fact that 80% of all PLUG sales are leases. Accounting gimmicks at there best. Good news is the SEC investigates such activity “We allege that at the highest levels of its accounting department, Bankrate improperly inflated its financial performance to avoid falling short of Wall Street’s expectations,”
It is already factored into stock price. Each and every unit sold for a loss.
Walmart just purchased 2000 battery powered forklifts. Do your due diligence.
The only people making money with Plug are the shorts. Just ask the investors of the last six rounds of dilution. With the exception of Air Liquide who invested with insider knowledge knowing the Walmart deal every single investor in the last six rounds of dilutions have lost huge.
Actually Home Depot just purchased 300 battery powered forklifts. Due your DD and look it up.
That is why they are begging Gibson for bailout money.
It is easier to bailout a financing arm than a failed company.
The fat cats will continue to get fat.