Hey Max, the one thing I’m sure of is that the company will get all 75m of the ATM. Don’t know at what price or who will be forking over the cash. The higher the sales price, the more runway they will have to the OS Max. The lower the sales price the quicker the poor common stockholders will be faced with another vote for an AS increase or RS.
Obviously easier to print shares than sell fuel cells, and margins are much better. Glad to be on the sidelines as long as the B dividends get paid.