AND BUYING PLUG STUFF FOR PENNIES ON THE DOLLAR!!!! Oh, wait. That's not a good thing....
It's easy. BLDP is a much better managed company with positive EBITDA (something PLUG can only dream of with their persistently negative gross margins) and a much less diluted stock. PLUG is vastly overpriced compared to BLDP. That will be corrected shortly.
Of course they'll issue more shares. The company doesn't realize a dime from increased interest in the current float. They make money from selling new shares. That's how they've funded this company from day one and it's how they will fund this company for the foreseeable future.
He's going "Out There" to peddle stock. Of COURSE he'll mention positive things. PLUG makes a VERY cool product. It's just not profitable.
it's stock. So why not sell more (MUCH more) of it? Thus the "roadshow". Mark it.
Since gross margins are negative, the bigger the revenues, the greater the loss. The best way PLUG can stop the bleeding would be to close the doors.
No it won't 'tard. It will crash and burn to under a buck after the next 100,000,000 share offering. Mark it.
You do realize this "road show" is being held to SEL MORE SHARES, don't you? MASSIVE dilution ahead!
It means....they are LOSING money on every sale. More sales, BIGGER loss.
Lol! This company has NO proprietary technology. Do you want to know why and how the are selling to Walmart, Fed Ex et al? Because it's CHEAP! They let PLUG put all the components together for them and pay PLUG less than the value of those components. PLUG loses A LOT of money on each sale. This is NOT a sustainable business model.