There is no way that management would have diluted the common stock as much as they just did if they were on the brink of landing Beacon Falls. The shareholder criticism would be justified and extreme.
You need to face the overwhelming likelihood that management diluted because they had to, and they did it in advance of losing Beacon Falls because it would have been even worse after losing Beacon Falls.
The underwriters and management tend to work for such outcomes -- in my experience.
Given the 6% commission that FCI paid, this could have to go a lot lower to make the management look smart.
Perhaps you forgot nothing because there was never anything in there to forget.
What you are forgetting is that part and parcel of the whole situation is that Exxon has the power to throw a switch and make the FCEL shares soar. If indeed Exxon is the secret buyer (which is doubtful), it would make absolutely perfect sense for Fuel Cell to load up Exxon with every possible incentive to make FCEL soar.
Why are you trying to take credit for what I did myself? You dope.
Have you taken a look at what annual depreciation per share is likely to be in 2016?
I think it's about $.60 per share. CLNE is doing quite fine, and heading in the right direction.