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any guesstimates on timeframe and or price?
but I thought you said that money can be clawed back for 60 days or so during bankruptcy? it almost seems like you are skewing facts .... can they really take money here ?
thanks for flagging that. I was wondering what happens in a buy out. The percentage is a bit specific.
For the longest time I thought of FCEL like the Black Knight- 'tis but a flesh wound as we refused to die.
Interesting connections... I thought I knew this company well but still learning new things....
https://www.sec.gov/Archives/edgar/data/886128/000114420408002208/v099577_ex21.htm
https://www.alliancepower.com/fuelcell.html
225 million authorized shares. A bit more than 100m issued. Almost all short term debt paid. Wow, you are right, this is really bad news.
yes the previous Friday filing said the Ds were essentially liquidated. I believe they could only use the ATM after they were gone.
SEC filing this morning: last week they sold $12.7m of the ATM at an average of .38. They can still sell $29m more. Hmmm. I wonder if they can make some loan payments.
yes "sure things" in the stock market is a great philosophy. there is *no* way you can lose. please keep betting your money.
Fortunately for my future gloating - shorts losses are almost unlimited.
But if you have found a guaranteed way to always make money with no risk to you - good luck with that.
Historically it has worked until it hasn't.
Sadly the way the market works it would probably be in the $2-3 range? But if it was truly valued at what it should be then $15 ?
Hey Exxon, you could just do a 10 for 1 stock exchange and I would be happy with that.
Beacon Falls! Near term opportunities in Asia! Oil sands in Canada! Hyundai! Yes, I am still frustrated at Chips overly optimistic patter. I bought into that.
I am hoping we hear about things I believe in - Tulare, Triangle, LIPA (the other two PPAs) and maybe even a Derby project loan? (their latest CT siting filing seemed to suggest construction starts in October...)
They should do another US PR....
Any guess on the odds of a PR on Monday? I am going to guess 70% or maybe even a halt?
ok I was close. 75m
The D is gone!!! This is good news. So the do a PR on Korea or Triangle and we get up. Probably licensing the improved stack with a prepayment of $x?
wow from May!
10-q?
Anyone with a magic calculator that can estimate the number of shares now if the D preferred were indeed liquidated during our insane volume? Would you guess between 60 and 80m total OS now?
HEY AND BTW FCE MGT: As a Series B holder I am willing to settle for half of face value (plus a couple of hundred of common). Call me.
ps I have a whopping 286 Bs and 16.5k common so a small fish here.
I cannot wait for the news.
What news, you ask?
There is a herd of news waiting to come home.
Let me pick an obscure one - how announcing the commercialization of their SOFC - maybe as part of an energy storage project.
Or TRS, Tulare, LIPA PPAs (two), Posco or other Korea (phase 2?) or....?
Just adding to some other thoughts -
According to FERC filings TRS FC is negotiating a PPA. They also are able to sell investments in themselves. Expect this is being negotiated now. One minor complication is they might have to have to pay back some money they earned before FERC declared them operational. They have appealed this. So a couple of things under way there. look on the FERC site.
The 10-q said that Tulare BioMat would go commercial at the end of June. Expect an.update and maybe PPA and even sale soon.
In both of these look for Clearway - their CEO was recently an FCE board member. Is there a cooling off period before a former board member could either become CEO or take over a company? Now that we know Huron was involved in March that makes his departure interesting?
.
integrity and ownership of this operation and we hope to see the continuing success of the phase1 of KOSPO Shin-Incheon fuel cell for the remaining 19 years.
Hmm Phase 1?
thanks good clarification. so do you think this is a piece of a larger deal underway? First up for me is figuring out how they are going to refi the NRG loan - July 12.... it's only $5m I think.
my uneducated skim: Generate was previously able to cancel the agreement during last 10 days of June before. this would require full payment by September of the $10m.
Now Generate can cancel during 1 - 10 August.
If FCEL cancels there is no $650k penalty as envisioned in the first agreement.
The first agreement required Generate to approve 3 projects by June 30. but not sure how that is affected by the amendment.
Seems to be setting up for a big refi (or takeover?) anyway it makes it clear that cancelling the agreement has no cost for FCEL but generate gets its $10m back.
D convertables done. dilution finished (but yes the float is probably 45-50 million now). Short and cover with convertables. it sucks but I think we are done. some shorts might not know that game and got stuck.
https://fox61.com/2019/04/15/connecticut-company-lays-off-135-employees/
135 out of 430. wow. 90%?
Tulare BioMAT. Read in the 10-q
Really? 90% of staff??? hahahaha
I am sorry for your short. hahahahaha
We either missed another deadline or there should be some news about Tulare BioMAT very soon.
On December 13, 2018, FuelCell Finance’s wholly owned subsidiary, Central CA Fuel Cell 2, LLC, drew a construction loan advance of $5.8 million under the loan facility. This advance was used to support the completion of construction of the 2.8 MW Tulare BioMAT project in California. This plant is expected to meet its commercial operations date in June 2019.
...the note is was revised to be the date that is the earlier of (a) June 17, 2019, (b) the commercial operation date or substantial completion date, as applicable, with respect to the fuel cell project owned by the borrower under such note, and (c) closing of a refinancing of indebtedness. In connection with the execution of the third amendment, the Company paid a $250,000 non-refundable fee to NRG and agreed to make an additional payment of $750,000 at the maturity date. This maturity date was subsequently amended to July 12, 2019.
that's good. and how is he doing?
https://www.ftserussell.com/files/support-document2019-final-russell-3000-index-deletions
It does seem FCEL is out of the Russell
Today was the Russell 2000 rebalancing as well....
https://www.ct.gov/csc/cwp/view.asp?a=2397&Q=608810&PM=1
corrected link for Derby
https:www.ct.govcsccwpview.asp?a=2397&Q=608810&PM=1. Derby updates.
The Company also has entered into amendments of its loan facility with NRG Energy Inc. (“NRG”) in order to extend the maturity date of the loan to July 12, 2019 as described below. As of April 30, 2019, the Company had an accumulated deficit from recurring net losses for the current and prior years. These factors as
9
From 10-q
or at least repeat the rumor?
the more I read the agreement with Hercules the better it sounds. no interest payments. they get 6m of Exxon with 4m to FCE. there are no restricted funds. no prepayment penalty.
Hello Posco? How much are you willing to pay for the 7 year stack knowledge? Sure we can produce 50 MW of the 200 you need replaced here.... we can license it so you can produce it there too...
#dreamcall.
Dumb question for both of you, please. Do we think that the conversions will occur after the 10 days are passed and they are compliant again?