FuelCell Energy Inc (FCEL)

[Trading4it]

I disagree with you krays, it's not a serious misread on my part. In fact the future conversion rate is even worse than you describe See (ii). on pg 4 of the following link
https://www.sec.gov/Archives/edgar/data/886128/000114420419009210/tv514228_ex10-1.htm

The "subsequent conversion rate" I refer you to above provides PS holders
with what amounts to an additional 25% / 87.5% in total number of shares at the lower of .37/sh , prior 10 day avg VWAP or prior day closing pps. It precludes any demand for cash payment vs. CS and replaces the Bi-Monthly payments. It also allows deferment of payment until maturity date which I think is Mar. 2020.

I apologize if I sound arrogant, not my nature nor intent. I'm a bit buzzed, sad and perhaps just full of shit but it's my read. Sorry