FuelCell Energy Inc (FCEL)

[Hoghead7]

I'm not quite sure I grasp everybody's concerns. I see how the general public could be ignorant but anybody paying close attention would understand 22.2 megawatts is massive and they got two projects compared to the other two fuel cell companies that only got one project. And the filing for Shares are not shares for them to sell immediately. Door shutters for them to sell it current market value if the need arises. The refinancing loan that they have with Hercules requires that they maintain a certain percentage of the loan value in cash. They're just trying to ensure that they do that while they start building. That cash is on hand if they get the offering and they decide they need to sell some for cash. That way they can build whatever they need to without delay including Long Island or Beacon Falls. If anybody's been paying attention they have more cash available to them right now than ever before so the question is why would they need more and I just explain the answer. Sooner or later people are going to wake up and smell the coffee and it's going to jump very quickly and I'm perfectly content to wait one or two months if I need to. I have been wrong on timeframe obviously but the time frame is not that much longer. They're going to announce by the end of summer if they have another project from South Korea and another project from California and that they have signed the power purchase agreements for 39.8 megawatts in Long Island. people are going to be saying holy you know what. It's just a matter of time. And the time is near. We already have over 15 million dollars in Revenue for the third quarter with a big chunk of Revenue coming in from a couple of projects that are being completed by the end of the quarter. The 15 million comes from the last 15% of the South Korea project that was finished over 2 months in advance. And from power generation which equals right now about 8 million dollars a year or two million dollars a quarter. It only takes 25 megawatts of power purchase agreements per year to be break even. By the end of this year we will have close to that just in power purchase agreements. Then we have revenue from maintenance contracts and any other sales. Not to mention any other project that might come up like Toyota or Exxon. There's no way that stocks should be trading at less than three times value. And by mid September it will not be. I'm guessing it's going to be two to three times higher at a minimum come mid September. We'll just have to wait and see so I can say I told you so or gladly accept other people's comments saying where is that two to three times higher.