The big problem is that TINY sold calls on SZYM, and it sounded like a lot of the calls were at the $7.50 level expiring next week, so shareholders will get very little of this upside. At the risk of sounding like a monday morning quarterback, that was a pretty un-saavy move by mgmt
TO repeat, in the last 'letter' from TINY, it was stated that of the remaining 2.1 mil SZYM shares, they were ALL allotted to $7.50 options, BOTH calls and puts. Read the letter for yourself, if you have not already.
TINY mgt, IMO, long ago totally screwed up handling the SZYM investment.
Coupled with the disastrous investments in NPTN, BOTH pre- and post-IPO, that has really made this stock a bust.
And finally, to dampen some of the uber- enthusiam shown onother posts here, SZYM currently is trading at LESS THAN 1/3 of it's post-IPO high.
All in all, mgt. has proven itself repeatedly to be both fully inept, yet always keen on seeking annual $ perqs for itself, no matter how continually undeserved.
Very smart to build an old ADM plant in the Midwest. They will be competing with ethanol. Brazil will be better, but the real issue is political and they may get bipartisan support without the regional opposition. Feed prices (corn) are too high for family farms to survive with ethanol price supports and fuel percentage mandates in place. Szym's feedstocks may offer a viable alternative.