just look at the chart and realize that 300X revenues doesn't last long
you have to be careful because GWPH reports total revenues but that is not products sales. 300x yearly sativex sales sounds like a bubble
It likes nobody saw what happened to PLUG today and nobody saw what happened the last time the biotech bubble collapsed or the tech bubble collapsed in 1999.
I hope that #$%$ is approved all throughout the US for those that need it but for GWPH it would bring crushing low cost competition.
Sativex is still a slow growth drug with plenty of cannabinoid receptor agonists in development as well as other approved CBD products - that is why GWPH went public less than a year ago at $8.9 and was less than 11 in september
not to mention plenty of other competitors in the space.
This is just like 1999 where 40X revenues when you are growing at 10% per year is OK because of the super bright future.
There is a reason why GWPH went public less than a year ago at 8+ dollars a share.
One sanjay gupta tv show is over and the blood comes off the biotech bubble I would expect a rather long fall for gwph. What is even funnier is that #$%$ should actually out-compete sativex - it shouldn't be a reason for gw pharma to rise if #$%$ is much cheaper and easier to get
he has been promoting several years of 50% growth for years - and this year sales are down. Seems criminal to continuously promote your company with obvious lies
I guess people are hoping the CEO will save them with some more overpromise hype
they have sold 82 million shares for 68 million dollars in the last year just to stay alive
This is just a trading event. PLUG is selling the same old technology that has seen shrinking sales over the last 15 years.
you can have some crazy trading for a while but once the hype is over this is a business that looks like it is shrinking
check the material handling portion of the BLDP earnings report for the last two quarters.
70X annual revenue PLUG is in the valuation stratosphere. The earnings report should make that obviously. I love the comments about 50% growth. That will get them back to last years revenue and only 60X revenue
looks like it was 240 million authorized in march 2011 from the previous prospectus then they did a 1:10 split. They have sold a ton of shares for far less than a dollar in the last year as their revenues continued to drop
they only spend 800,000 dollars on R&D and their products are old. Thats what happens when you are in a decade long death spiral
total outstanding based on the sept 30, 2013 calculation from the most recent SEC documents
102,438,061 shares of common stock outstanding as of September 30, 2013 and excludes:
4,145,689 shares of common stock issuable upon the exercise of stock options outstanding as of September 30, 2013, at a weighted average exercise price of $3.76;
1,411,510 shares of our common stock reserved for future issuance under our equity incentive plans as of September 30, 2013;
165,906 shares of common stock in treasury;
683,336 shares of common stock issuable upon the vesting of restricted stock units;
10,972,859 shares of common stock issuable upon conversion of our Series C Redeemable Convertible Preferred Stock at an exercise price of 0.236529; and
27,636,465 shares of common stock issuable upon the exercise of warrants outstanding as of September 30, 2013, at a weighted average exercise price of $0.36.
then add in the 10 million shares from january and the 4 million shares from february
GRAND TOTAL - approx a little bit less than 161 million
last feb sold 18.9 million shares and options for 18.9 million shares (exercisable at 15 cents) for 15 cents per unit or a total 2.8 million dollars. If completely exercised that is 37.6 million shares for 5.6 million dollars
Then 10 million shares to air liquide for 2.5 million
Then 21.3 million shares to the public for 10.5 million
Then 10 million shares plus 4 million options for 28 million
Then 4 million shares for 22 million
TOTAL - 82.9 million PLUG shares sold for 68 million dollars in one year
this is just a trading pehonmenom. Unfortunately somebody will be left holding the bag