Post by
Mick67 on Feb 10, 2021 7:27am
BLDP
I'll say it again.
Does it not raise an eyebrow at least that BLDP has US$800 million of net cash and went out last night and raised another US$400 million. That puts them at well over US$1 billion of cash and PLUG at over $1.5 billion net cash. I for one will be watching what they use it for.
Comment by
alsoranaround on Feb 10, 2021 10:20am
I'm reminded of a comment that a CFO of a public company said to me one time in relation to financing "When the market points the money cannon at you, take it!" Clearly there is a belief that there is a very rich valuation on BLDP that may not last, and the company will need the capital to continue to grow, so take advantage of the money cannon when you can.
Comment by
Mick67 on Feb 10, 2021 11:21am
Reminds me of a comment from a CFO I met, that said "cannons of capital only get pointed toward you if the investment community thinks you can allocate that capital to grow profits more efficiently." Total cash burn at Ballard for the last three years combined is $100 million.