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Short selling.
Shorts may see 1.5 temporarily. I'd bet shorts will own the stock until more steady income from the completion of projects is generated. I sold it at the 2.6 level and I'll buy back when it's approaching 1.5 or great news comes.
Good Luck to all. See you at 3.00 and higher in the future.
Put your shorts where your mouth is.
They tried to tell folks they were not focused on sales.
They were focusing on the build out of existing projects.
Probably a good idea given their growing list of uncompleted projects and their need for a steady cash flow. Tough to sell products you can not provide.
We just got caught by the over reaction to the company achieving their stated goal of reducing sales revenues in order to focus on the completion of projects that will generate a steady income.
FCELB is up 10% prior to the filings
Short that can afford the cost will be hitting the Canadians hard this year. They are all rising on poor performances.
All great info. Unfortunately Business knows fossil fuel is cheaper and the only way to get alternative energy off the ground is to make them eat their vegetables with credits that make it cheaper to use alternatives. That requires some way to keep the huge amounts of very persuasive oil and utility money from tainting our elected officials. Good luck with that while we have half the country wants more fossil fuels and less environmental regulations or caps.
The same reason why the marijuana industry is crap today is why alternative energy is also doing poorly - A federal government interested in getting to 1950 as fast as it can.
Under the the current status of science denying - he has a point. It will be hard to see FCEL making a profit, they might this quarter but the fact they met and exceeded NASDAQ's price target should keep us in this range if they just make progress toward a profit.
I'm betting on the future with FCEL and other depressed science related stocks.
The last time humanity was this stupid was when we locked up Galileo until he died because he saw the earth was not the center of the universe. 85% of the top Science jobs in the US Government are vacant. When they get filled we should start seeing movement among these types of stocks.
https://www.washingtonpost.com/news/energy-environment/wp/2017/06/06/trump-has-filled-just-15-percent-of-the-governments-top-science-jobs/
OneCor seems to have missed it's filing and we have dropped below the support at .20. Next hard support at .18.
OneCor would have to file in order to have shares to use for the merger. We should know what's up shortly.
Don't know the value of the company so who knows what the stock will be worth until the financials are released?
Should file financials of OneCor. We should be able to tell what we have 45% of.
OneQor Technologies is on the filing but there were other places that were written poorly.
Got that. Anything in January yet? I heard the merger was to be in early January - we are leaving early January this Weds.
Anybody know what happens to the shares since OneCor is a private company?
If this is a reverse Merger then there will be a surviving stock. If not there should be an offer.
If this is a reverse merger to get OneCor public and then he will sell off the federally illegal parts and try to up-list on NASDAQ which was his stated goal on one of the calls or transcripts.
Or He may see the benefit of keeping the California dispensaries.
He sees the same issues most of us do with the MJ market. It's not Federally legal which presents a whole host of problems we all know about.
Latest post I can find related to TRTC or OneCor - Anyone hear anything?
Matt Morgan, CEO of OneQor, an over-the-counter pharmaceutical company focused on developing, patenting and delivering proprietary, plant-derived formulations.
In a post-federal legalization world, the California cannabis market still has to effectively curb the black market and lessen regulatory operating challenges before the effects of legalization would truly be felt. Interstate commerce might not develop as quickly as the industry will like post federal legalization, as states with their own distinctive state run cannabis programs might move to block imports from other cannabis programs in an effort to protect their own stakeholders interests. Interstate commerce has the potential to upend the entire industry, so we predict states that might import cannabis in the future, will carefully consider the effects before drafting any regulations.
Think it's just the New Year and lots of money finding new homes.
Why the rise in the stock price?
Christmas shopping done, tax deductions taken, it's a new year.
"MOST people are concerned with today rather than worry about what may happen with the environment. Not that I agree with it but its a fact."
I agree mostly.
Most of the worlds population at any one time are rearward looking folks who believe in some magical being that will save them from themselves. Those folks need to be dragged into the future kicking and screaming and frankly I no longer care how they arrive there or if they do at all. Technology will create a subset of homo sapiens. Maybe, Homo Faithbased and Homo Techbased. Being too grounded in science to be in the first group and to old to be the latter I'll be in the third group, homo STFU group.
Tend to agree. Politics will also play a roll. If concern over the environment comes back FCEL sounds like a great play. If we continue to roll back into 1950's environmental standards then perhaps FCEl will just be an occasional buy low sell high trade.
The US MJ industry has been effectively killed by a lack of any support at the Federal level and environmental companies will end up the same way unless the dumb animals with a vote that drink water and breath air get a whole lot smarter.
Looking at TSLA, I get the same feeling I had when I saw Ford at a buck a share a decade ago. No brainer with the Elon's drive the Giga factories will change manufacturing. the 2020's are Elon's decade.
FCEl going nutz
You do know that the part of the market having to do with a stocks past performance is not speculative?
Happy Holidays folks.
Hope the new year works out well for everyone.
Seems to me, the MJ industry has created a bottle neck. The bottle is the endless supply of product and the neck is the current state of the business and the demand is still buying their supply, even in legal states, from Paco Bell or Billy Bob half the time.
They are all just trades until the US government gets serious about science again and finds out the benefits or pitfalls of THC and CBD and then legalizes the plant completely - like Tobacco, Whiskey, Guns, and sharp objects you should not run with.
Good luck IP, was always a pleasure. I'm watching 5G and alternative fuel. I used to own some Innovative Industrial Properties. Nice ride in 2018. But it's struggling also these days. Have a great life, I'll see you in the comics.
US versus THEM mentality. IP played in the game. While most here, these days, were seated in the cheap seats.
When one grows up, one realizes a man learns more from his losses than his wins. But that implies one is a critical thinker, a lost skill these days.
Millennials used it once, dropped it in the yard and ran over it with the lawn mower. And now it is gone forever. Damn shame.
FCELB is insulated from dilution. FCEL is diluting currently IMO.
What I would need to know is what is the money being used for? A lack of an 8k suggests it's for costs like salaries and bonuses and normal business expenses and the price will fall. If it's growth then it may pay off later.
We have no idea what the stock price will be.
That info came of their last 10q.
If you suspect it is wrong you should notify the SEC they are lying on their 10q. Or maybe tell Exxon they are screwing up investing in this company. God knows they will listen to a blogger on a minor stock board.
FuelCell Energy Reports Third Quarter Fiscal 2019
Financial Results and Business Update
Business Highlights and Recent Developments
•Appointed Jason Few as President and Chief Executive Officer effective August 26, 2019.
•Acquired the 14.9 megawatt (“MW”) Bridgeport fuel cell project (the “Bridgeport Fuel Cell Project”) in May from Dominion Generation, Inc., with project lending provided by Fifth Third Bank, Liberty Bank and the Connecticut Green Bank.
•Entered into a $10 million license agreement with ExxonMobil Research and Engineering Company (“ExxonMobil”).
•Decreased the amount of our outstanding corporate debt with Hercules Capital, our senior secured lender.
•Relaunched the sub-megawatt distributed generation solution to the European market with the SureSource 250 and SureSource 400 fuel cell systems.
•Celebrated the one-year anniversary and strong performance of the 20 MW KOSPO project in South Korea.
•Entered into a new Carbon Capture FEED study with Drax Power Station in the United Kingdom.
1. United Nations just increase the worry over climate change,
‘Bleak’ U.N. Report on a Planet in Peril Looms Over New Climate Talks https://www.nytimes.com/2019/11/26/climate/greenhouse-gas-emissions-carbon.html
2. FCEL entering Europe again.
Relaunched the sub-megawatt distributed generation solution to the European market with the SureSource 250 and SureSource 400 fuel cell systems.
Celebrated the one-year anniversary and strong performance of the 20 MW KOSPO project in South Korea.
Entered into a new Carbon Capture FEED study with Drax Power Station in the United Kingdom.
https://www.sec.gov/Archives/edgar/data/886128/000156459019034308/fcel-ex991_10.htm
If perfected, carbon capture will be the only thing to save the oil industry.
Talking about what is eventually spun off. I do not see this as a end for TRTC - just a transition. It will come out the other side with a new name, possibly a new CEO.
Free of past debts, without the mostly fictional baggage, with a new name and with a decent MJ footprint in California. OneCor gets capital and what ever it wants outside of California in return.
A merger is like a marriage. Individual debt and individual assets becomes joint debt and and joint assets. In the joining the lines between is blurred and disappears. When it ends in a spinoff that company is basically a new born.
A good deal for Onecor and a good deal for TRTC.
Issue the shares.
Dilute the shares.
Reduce the shares in a R/S.
I'll trade FCEL between now and the increase in AS shares and watch what they use the stock for but I won't own any stock until that question is solved.
Raising the AS does not always mean dilution any more than an RS always drops the share price.
Just most of the time.
I think TRTC will come out a California THC entity perhaps with EG - not sure. Most likely with a new name, perhaps a new CEO. Assuming the state can doesn't burn up or slide into the sea, California could be a world leader in MJ. They have the land, the climate, the workers and a world class base of consumers.
Nevada is a corrupt state that has more greasing of the palms than a Hawaiian Tropic party. The licensing crap that went on there was a fine example.
TRTC could be as generous as it was in 2015-2016 for folks that trade it. The future is unknown - well except for the dummies. I got a decent pay day this week with ACB and TGOD but who knows what will happen tomorrow. I'd guess a sell off to keep profits. The Canadians got tossed a temporary increase in MJ purchases but it will not last long. I don't have a lot of TRTC anymore but I brought 25k to trade with in the teens. So far So good. Until we know more about the deal with OneCor I'll be a trader. Worked great in 2016 and with the new year coming I expect it will in the future.
I believe OneCor is a port in a storm for TRTC. There is a fee to dock but the protection is worth it. Lots of scenarios are possible. We may not merge. We could merge into a private company. No one knows, but it is intriguing enough to at least trade the stock for a while. How the shares would factor in any of the many ways this could work out is debatable until guidance comes out. I'd guess the whole thing will depend on the performance of TRTC's THC business.
The excuse for missing revenues on the 10q was real and not an empty excuse. Nevada did hold up the sale of the properties TRTC was counting on being settled much sooner and they were not allowed to include those numbers on the 10q.
So, after four years with TRTC and having ups and downs I'm back to trading it.
NJ going legal Dec 1 - value of EG goes way up.
The pre-market is looking like a drop initially.
The Canadian pot stocks are failing their stock holders with massive debt and over valued prices. The government in Canada has been over supplied with pot and are cutting back buys. Then there are some like CGC, that made huge mistakes in product and had them recalled or had other management problems.
Pot growing is no different than Wheat growing. If to much wheat is grown the price goes down and the farmers make less and have to borrow more.
Try learning the underlying reasons for the industries failures. Who controls the growth of pot in Canada? The government.
The US pot stocks are failing because of governmental neglect. The Canadian pot stocks are failing because their government has no idea how a logistics system works. If Canadian provenances were able to forecast the demand correctly and worked closely with their growers they would not be jerking their suppliers around and causing over production and debt for these companies.
The savior for Canadian pot is the same savior the US pot stocks needs - US legalization. Canada has to much production capabilities and not enough demand. CGC all by itself could supply all of Canada.
Gee, where are the form 4's?
I hope so. ACB had a poor quarter. Should be bargains tomorrow and next week as the 10q'S keep rolling out. Hopefully TRTC and OneCor can do well in the CBD market. I was thinking maybe Derek is using OneCor as a safe harbor. The companies value is out of kilter to the extent anyone with the means could buy the company and sell the pieces and make a killing. After watching him in 2016 engineer a growth spurt for the records would make it hard to believe he's done.
The more I think about it, the more I believe this is a tactical move to save the company during this down turn in the MJ sector brought on by the delay in getting the sold properties settled. It was a smart move. The spin off could well be TRTC 2.0. Time to let the stew simmer and see what's what. In the mean time FCEL has been over a double for me this last week. YEAH!! and no noise!!!
I heard Derek's tone change about 2-3 quarters ago. To many 'ifs' had to happen for it to succeed. Even now, OneCor needs to show financials to the current investors. I would have to know a whole lot more than what is available now.
Yep, damn shame. At least we played ball while many just played with theirs.