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Maximilliano

05/08/24 2:19 PM

#59562 RE: King James 1 #59558

Nah, I don't believe that's what is happening here. Major short selling appears to be what is driving the share price down as the price to book value for FCEL is $1.48 or more. Retail investors own over 51% of the shares currently and as you said someone is buying. I don't see any indication that a "poison pill" is activated. Not knowing FCE's participation in any of this makes it difficult to even make an educated guess.

I was hoping you could tell me what's going on!
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Hoghead7

05/09/24 12:15 AM

#59577 RE: King James 1 #59558

Retail are buying but that's small, like hundreds of thousands or a couple million at most. These are all shorts trading with each other trying to lower the bid.