A few things may happen here . 1) the New CEO is able to get some new contacts and money upfront say for example Korea, Drax or other. 2) they get nothing and continues to fill the backlog. 3) BK Either way there is going to be diluted shares .The market has $FCEL priced like they will not survive . A lot of people may disagree but it’s the reality.
One thing for sure for a company that has not proved profitable in 19 years the New CEO is receiving $250,000 sign in bonus plus his salary of $475.000 and a relocation bonus of $200.000. The ones that pay this salary is all via diluted shares .$FCEL does not have the ability to put out this kind of money without diluting shares .