King, the language reflects the fact that Exxon has given FCE some $67 million for research and development of carbon capture technology and share in the patents. Now, another $27 million over the next two and a half years. They have taken every component in a FCE fuel cell plant and improved it to maximum capacity, where applicable. Yes, a lot is owed to Exxon but where would FCE be now without Exxon? I wish more was said about Rotterdam's progress beyond the binding purchase order and final investment decision. We knew that.
FCE has two carbon capture research projects going, one with Drax Group in Europe and another with Alberta Innovates Corp. in Canada that FCE got on their own. But again its research that hopefully will lead to something bigger. But that seems to always be FCE's story. Where's one of the several MOU's follow-up contracts?
I wholeheartedly agree shareholders are restless, as am I, and quite frankly am glad to see Item 4. Executive Compensation----Failed. They for too long have sat back, content to collected their fat salaries and stock awards for what? They can refuse to take your question...but cannot ignore Item 4.
Let them tie their executive compensation to the share price.
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