FuelCell Energy Inc (FCEL)

[krays]

Anyone that pays attention and can read, knows the theoretical conversion of $1000 face value Series B is not likely to happen. The company has the option to convert to common, only IF the common stock price is around $2500 for 20 trading days in a 30 day period.
Please refrain from posting alternate facts.

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We pay $3.2 million, if and when declared, in annual dividends on our Series B Preferred Stock. The $3.2 million annual dividend payment, if dividends are declared, has not been included in this table as we cannot reasonably determine when or if we will be able to convert the Series B Preferred Stock into shares of our common stock. We may, at our option, convert these shares into the number of shares of our common stock that are issuable at the then prevailing conversion rate if the closing price of our common stock exceeds 150% of the then prevailing conversion price ($1,692 per share at January 31, 2020) for 20 trading days during any consecutive 30 trading day period.

https://www.sec.gov/Archives/edgar/data/886128/000156459020010983/fcel-10q_20200131.htm