Especially with the common shares diluting to subsidize everything and with the interest rate at 0.5%, paying 20% for the preferred shares to be listed is good. Right now the interest rate is 4.5% and FCELB pays 10%, so the risk is much higher compared to the reward. As up to 500 million shares can be issued at $4 per share, there will be billions of dollars of cash available to continue paying the preferred dividend. I think this makes sense. π $FuelCell(FCEL)$
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