I think right now it's a fair price, since it's over 10 times the current share price. But that's a very short window. And I would take it because we're not going to go back 20 in a couple months like we did before. Especially since they are fractionally reliant on their relationship with Exxon Mobil. However as I've said all along, I don't think Exxon Mobil wants to get into the fuel cell business, And regardless of Exxon mobil's massive amounts of cash and expertise in a lot of things, They do not possess the experience and expertise in the manufacturing of fuel cells and everything that goes along with it which is a ton.. I'm sure they could adapt but that would not get them to market any quicker than fuel cell energy will. With access to capital fuelcell energy is ready to rock and roll, although most on the message boards with disagree because they're not seeing projects in commercial operation and expected time frames, And they don't see new contracts rolling in on a regular basis. Exxon Mobil does have experience in a lot of arenas including working with regulatory agencies obviously. But that's why Exxon also understands many of the delays are not related to fuel cell being incompetent unlike the belief of many on the message boards. Few has meticulously prioritized and gotten things done. Taking care of the bad debt that they accumulated over years of management from Battone was obviously first and foremost. Putting the right people in the right places was obviously on tops of the list as anyone knows who runs a company. This includes the quality assurance inspectors They hired so they don't have projects coming back with problems. Can't wait until you have jobs in order to hire, so hiring the right people in the right amount of people at the right time so you are ready to rock and roll is crucial. They didn't just hire 150 plus people without being extremely confident they were going to need them. The timing is crucial and I believe we're going to find out very shortly the timing was impeccable. Imagine trying to sell a contract and having no idea when it would be operational or telling people it'll be 3 years. Anyway, Exxon Mobil could certainly adapt and do it, I don't think they want to take that on right now I think a partnership or extensive JDA is in order. I'm thinking anywhere between $250 million and $1B. And by 1st week of September. There is a remote possibility, They could buy all of the carbon capture rights in my opinion. Then fuel cell energy would not need to sell any more shares or worry about cash ever again. But that again would be complicated, because part of their hydrogen production is related to carbon capture. So the sale would have to be relevant to the technology only applied to exhaust from fossil fuel plants. Porthos is trying to work through red tape to get the go-ahead for FID. Hopefully sooner rather than later but should have FID before the end of August, for the end of our current JDA with ExxonMobil. That JDA is supposed to culminate and it demonstration at one of Exxon's locations ie: PORTHOS!
Update very soon regarding South Korea and 116MW replacement modules: Toyota July, Groton & Derby Fall?? ExxonMobil August 31, announcement by Early September! Updates on Canadian project, Navajo Nation project, Sheffield project, CT Shared Clean energy yr 3 awards, KEPCO, Malaysia And TuNur MOUs, SNAM project, and of course The hydrogen hubs will be announced by year end, And we will be involved in at least one, and as always, at least 1 other significant project or partnership currently unknown should all be updated any time through the rest of the year. FCE Said their preference is long-term service agreements in South Korea. However with the current questionable cash status, let me opt otherwise on at least part of that. Higher margins and more money in the long run from service agreements. But 100MW at over $3M per MW would be a nice cash infusion. Simply a matter of time for those doing diligence any share price under $3 is a huge win by end of fiscal year.
