Plug Power (NASDAQ:PLUG) named a new CFO yesterday, marking the 3rd change in less than 2 years, and after a long stint with a "rent-a-CFO". Considering the fact that through all my analysis, I've found their accounting to be "sketchy" at best and "borderline fraudulent" at worst.
Combine this with my prior article about old "hard-drivin'" Doug Hickey on the board, as well as the fact that they released a dummy press release about ReliOn mentioning irrelevant and miles-from-needle-moving facts about their plans with it, and you have what adds up to one… stinky… fish. Look out below. Mark my words.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.