Q: Do you see any chance of this new Company on Vancouver Island going anywhere soon. Indigenous cash input through Government of BC and Canada>
Your thoughts please!
Thanx Gary
Your thoughts please!
Thanx Gary
5i Research Answer:
With market cap at only $5M, PLUG is really too small for serious investment consideration. Just being public costs about $300K annually, and the company might need to raise capital just to stay listed. It has little cash now, no revenue, losses and negative cash flow. It has secured some money but equity issuance is dilutive and the amount raised won't last long. We would consider it uninvestable.