FuelCell Energy Inc (FCEL)

[hopester]

No; Its the authorized shares that have battered the stock lately. The stock had been trending lower for 2 years. This 500,000,000sh on the table served to accelerate. It cuts shareholder value in 1/2 . The rest is in the perceived losses coming up.
If I were to guess, the institutions are balking . They see their value crushed.
So; debt is the only path. And the form of debt in junk bonks at 9-12% interests is on the table.
If FEW has so much confidence in coming sales ,he wouldn't need to dilute so much as he proposes even if its over time.
Would you BUY a STOCK when you know the SELLER is the company you're buying from under these circumstances??
I also beleive a R/S is almost guaranteed . That won't sit well with shareholders either as it cuts the # of shares they hold while not guaranteeing it'll be supported by growth.