3 months ago the company was losing money on every unit they sell.
The company loses money on every unit they sell today.
3 months from now the company will lose money on every unit they sell.
If it turns out Plug Power's products won't meet customers' needs in the auto world, then it would represent a big step backward for the company."
FUEL CELLS COMPANIES ARE COMPLETE FAILURES!
Not the first time the company has had to pay a fine for insider trading. SEC is also looking at insiders posting on this and other message boards.
Shorts have all covered and moved on! Nothing left here but pain for longs as the company starts to recant on all its promises as the money has now been raised. They will fail at meeting any publically stated milestone.
"chose to dole out confidential, market-moving information to enrich relatives and friends, and the nonpublic details then spread further through multiple levels of tippers and tippees. The SEC thoroughly investigates suspicious trading to trace it to the source and pursue all those involved.”
Lots of insiders posting on this board!
You forget they lose money on every unit they sell.
Keep in mind the company has lost nearly $1 billion and has never turned a profit!
The CEO is a proven liar.
And they will lose money on each and every one. And with government money and tax subsidies coming to an end, what will they sell next?
Do your research. The same research company said in 2000 that fuel cell revenue would be $35 billion in 2012. They were off by more than 90% short!
Not to worry. The CEO will be gone at the end of this year or beginning of next. He will leave with a huge severance package for a job well done. The share price will be back under $1 and the company will have come no where close to his pledge of being profitable. Of course there will be a multitude of excuses but he did his job. He made up a bunch of stories about sales and joint ventures and backlog which drove the price up despite the warnings of those that have seen PLUG do this before. Lie, pump, dilute, lie pump, dilute. The next phase is hibernation.
Hahahahaha. They would not have bought based on company fundamentals that is for sure. The company loses money on EVERYTHING. What company loses money on service contracts? PLUG. They bought due to Cowen pumping the company for commission, They bought because they actually believe a CEO that has a history of misleading investors. They were MARSHED!
Right. Tell that to those that shorted at $11. They made a fortune knowing the CEO overpromises and underdelivers. He always has.
Did you just start covering the company? You made a bad decision. The CEO has been misleading investors for years. He has been stating the company would be profitable for years. He has been touting backlog and never comes close to delivering backlog or so called new bookings. You know nothing. Go away!
Wow. Sorry for your losses. The company has lost 98% of its value since the beginning. You should go and pump another penny stock company and try to make some of it back!
Or they know more than the longs. PLUG management does NOT discriminate on who they give insider information to. Shorts could be the big winners even at $4 based on the insiders. Could easily be under $1 in a few weeks.