speaking of numbers, i said when fcel set up that 95 mil shares for dilution, that when they do that they dont mess around...they usually immediately start selling...
well, the 95 mil agreement was announced July 12...and from there to July 31 they sold $27.9 mil worth of shares....lol
thereafter they sold $38.2 mil worth of shares...thats $66.1 mil in dilution from July 12 to Sept...
in the 10q from April 30, fcel had $467.7 mil in the bank...
in the latest 10q as of July 31, they have $456.4 mil in the bank...
thats $11.3 mil less...but then they sold $29.9 mil worth of shares from July 12 to July 31....where did that money go?...im no accountant, but i cant see where that money is accounted for...
if that money went into the bank, then fcel has $41.2 less than it did in April...but they say they only had $28 mil in losses...
there could be a reasonable explanation for all this...but so far, i cant find it...
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