FuelCell Energy Inc (FCEL)

[Trading4it]

Max, I'm hoping you can help me with an issue that that has some relation to your posted link to FCEL Tute Investors. If you would please go to that link and scroll down about a 1/4 of the way down pg 1 you will see CVI Holdings listed (hi-lited in green .. =new position ..?)

Now moving on from that.
Note that at the very beginning of the "Waiver and Voluntary Reduction" (link provided) CVI Investments Inc is named as the "sole holder of Series C Preferred Stock of the Company"
link https://www.sec.gov/Archives/edgar/data/886128/000114420419009210/tv514228_ex10-1.htm

Furthermore this 13F filing (signature date of 5-15-2019) discloses CVI Holdings and CVI Investments to be one in the same. https://www.sec.gov/Archives/edgar/data/1728194/000172819419000002/xslForm13F_X01/primary_doc.xml

Now (I'm sure you're asking) what is the point? If you scroll further down in the "Waiver and Voluntary Reduction" (link provided above) to the bottom of pg 3 you will read: "Solely with respect to the initial conversion of Preferred Shares immediately after the date of this Agreement, which relates, in part, to the Conversion Notice originally provided by the Holder on January 25, 2019 (the “Initial Conversion”):"

I am unable to find anything on a "conversion notice" having been filed or submitted on Jan 25, 2019. But assuming accuracy of this how can CVI still report such ownership? An amount of ownership which by the way is oddly close to the initial amount of series C PS issued.

Also if you're interested, take a close look at the 1st paragraph of pg 4 (of the Waiver and Voluntary Reduction writing) You cant help but infer that it was written with advanced knowledge of RS (and more importantly need for pps>=$1.00 for ten business days) Why else would they pick the "eleventh (11th) trading day"

If you have time and can understand my ramblings I would appreciate your insights. Thx