Replies to post #4583 on FuelCell Energy Inc (FCEL)

[OPKOHEALTH2022]

Max, a lot of stop losses were taken out today plus a ton of shorted shares . Let's make sure FCEL does not go below $1.57 and we climb back to $1.80 area. What I don't understand is that the market is taking this AS of 100 million shares and it may not even be used. This is done also to avoid hostile take overs by a majority holder. So I am a buyer at these levels under $2.00 considering the future of this stock with ITC maybe extended for Fuel Cells , the Carbon Capture tech, the expansion of fuel Cell in general and now having to compete with China

[krays]

I think your theory is very valid. I went back and looked at outstanding warrants from the last Q (7-31) compared to outstanding at the proxy (10-31).

7-31
Series A 7,680,000
Series C 12,000,000
Series D 10,622,460

10-31
Series A 7,680,000 (0)
Series C 11,540,900 (-459,100)
Series D 2,584,174 (-8,038,286)

It is apparent that the Series D ($1.60) warrants are being exercised and the Series C (&1.28) are being held.
I would speculate that the balance of the D’s hit the float this week.

interesting that the Series C expire 1 year from issuance.