FuelCell Energy Inc (FCEL)

[krays]

These clowns need to stop amending the Hercules agreement to buy time, and do whatever is necessary to pay them off!! Hercules and the series C/D holders are obviously working together and shorting the crap out of the stock. FCEL will be handing them another 1M$ worth of common tomorrow (at around $1.05/share) to cover their shorts from the last two weeks.

Issue 25m-50M shares to an equity partner or whatever it takes to pay them off already, and then start paying the preferred stock obligation in cash!

You want to see the PPS rise? wait for that announcement if it ever comes!

Some here talk about market cap at 18-20M but fail to recognize that the preferred holders and Hercules together hold a current obligation at around 45m.or 75ish% of total market value.

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On August 29, 2018, in connection with the issuance of Series D Preferred Stock, we and Hercules (and various affiliated entities) entered into the fourth amendment to the Hercules Agreement to (i) modify the definition of “Permitted Indebtedness” to include certain redemption and/or conversion rights as set forth in the Series D Certificate of Designation, (ii) permit us, so long as no event of default has occurred and is continuing, to repurchase or redeem stock in cash pursuant to the redemption and/or conversion rights set forth in the Series D Certificate of Designation; provided that, we must make any such repurchase, redemption or payment in common stock and not in cash or other consideration unless prohibited pursuant to the terms of the Series D Certificate of Designation or otherwise prohibited by applicable law, (iii) permit us, so long as no event of default has occurred and is continuing, to pay cash dividends under the Series D Preferred Shares as required in the Series D Certificate of Designation; provided that, we must pay such dividends in common stock and not in cash or other consideration unless prohibited pursuant to the terms of the Series D Certificate of Designation or otherwise prohibited by applicable law, and (iv) add a new event of default, which occurs upon the delivery of a Triggering Event Redemption Notice (as defined under the Series D Certificate of Designation) under the Series D Certificate of Designation.

https://www.sec.gov/Archives/edgar/data/886128/000156459019006637/fcel-10q_20190131.htm