FuelCell Energy Inc (FCEL)

[Trading4it]

I agree with your assessment. I too believe FCEL has now (since the XOM licensing agreement announcement) begun to delve into what remained of their ATM. I would applaud them for doing so provided they achieve, as you stated: 1)Full satisfaction of series D PS 2) Hercules loan payoff and 3) NRG loan payoff.
Next Friday (July 12th) is deadline for NRG loan. Followed by the Friday (August 9) Hercules loan (balance refinancing, loan modification or payoff) It appears Generate Lending has done what I see as a "cover your ass" move as evidenced by the 8K (Links' to 8K and the attachments below).
And last let us not forget the $1.4M severance pkg for the former drunk driver leading the ship Chip. ughhh .... what a load of crap.
Given the recent events, news...etc. I see no reason for FCEL to fail meeting any deadlines but we all deserve to have our eyes wide open to what lies ahead.
8K
https://www.sec.gov/Archives/edgar/data/886128/000156459019024539/fcel-8k_20190628.htm
1st Amendment to Construction Loan
https://www.sec.gov/Archives/edgar/data/886128/000156459019024539/fcel-ex101_10.htm
1st Amendment to Right to Finance Agreement
https://www.sec.gov/Archives/edgar/data/886128/000156459019024539/fcel-ex102_11.htm