"I don't believe they "refused to resign them"."
Exxon hasnt resigned them...thats a fact...there was money involved in the first signing...is fcel getting any money for the extentions?...the answer is NO...thats one reason why Exxon isnt resigning them....they have no intentions of giving them any more money...why would they?...they have everything they need already!...
the talk was that Exxon might resign fcel and pay $250 mil for the privilege...instead fcel gets extended and get no money at all...but thats ok?...lol
in the original agreement fcel was to recieve up to $10 mil for achieving milestones...has fcel ever recieved a dime?...
fcel pps was about 0.24 when they signed that agreement with Exxon...Exxon gave them $5 mil upfront...maybe that explains why Exxon got this:
"Pursuant and subject to the terms of the JDA, EMRE will solely own the information, patents and patent applications, and copyrightable works resulting from the JDA"
WOW!..what a deal....wonder why Exxon hasnt signed them to a new contract?...why would they!...if they keep extending the contract, they dont have to pay fcel any more money and STILL get everything the research produces...
and heres a little something from the contract extensions:
"During the Term of this Agreement, FCE will not conduct any Work using Generation l Technology in Carbon Capture Applications or any Work using Generation 2 Technology, independently or with third parties outside this Agreement, without prior written approval from ExxonMobil."
fcel cant work with anyone else and CANT EVEN WORK ON ANYTHING BY ITSELF!...at least not without prior written approval from Exxon...Exxon wants to know EXACTLY what fcel is doing at all times...because they own everything they come up with!...
Exxon is holding up Rotterdam like a great big carrot to keep fcel involved...of course they are not saying fcel will ever get Rotterdam...its just a carrot for them to chase...and while they chase it, Exxon keeps whatever fcel comes up with...
my question is, why the hell is fcel STILL in this deal???...
"There may never be a change in this"
Exxon gets 100% of everything and fcel gets pretty much nothing....so yea, there certainly may not be a change...ever...
but thats a horrific situation for fcel...
" they may simply announce projects as they are finalized and the terms for that specific project, FCEL may have a small role in one project and a larger one in another."
fcel wil get whatever Exxon decides they feel like giving them...thats not a good situation for them to be in...
"There has been no "declines to resign"."
there absolutely has been...
"The original agreement has been extended and amended."
and that is a most unfortunate situation for fcel....VERY UNFORTUNATE
AI
