FuelCell Energy Inc (FCEL)

[krays]

There is minimally 2 million $ a month in dilution going on. Do some research on the series C convertible preferred, and pay special attention to the term “deemed dividend”. That represents the additional shares being issued to cover the share price below the stated issue price of $1.84. It’s all in the q filings. I mistakenly called out Hercules a few days ago but I believe that Hudson Bay Capital has at least a large share of the series C and warrants. They filed as a 10% owner last year. The lower the price, the more shares that are issued to cover the bi-monthly installments of $1 million On the first and 15th of every month.

https://www.sec.gov/Archives/edgar/data/886128/000156459018015202/fcel-10q_20180430.htm

https://www.sec.gov/Archives/edgar/data/886128/000139382518000031/0001393825-18-000031-index.htm