Best move yet...I read all over their website and Seeking Alpha's....Good DD..if you like the stock.
I am new here but only after reading what I could in a few minutes. That's all I needed to move on $1.18.
Hope many of you got in today and will be here for the ride to EARNINGS!
That's right Salli. They did the deal without debt in less than 12 hours. This is good.
"Certain of Gevo's directors and officers have expressed an interest in participating in the public offering of common stock units.
Gevo currently intends to use the net proceeds from the offering, excluding any future proceeds from the exercise of the warrants, to ramp up startup production and sales at its Luverne, Minn. plant. Gevo also intends to use a portion of the net proceeds from the offering to repay $5.1 million in its outstanding long-term debt obligations under its loan agreement, and may also use a portion of the net proceeds from the offering to fund working capital and for other general corporate purposes, which may include paying down additional long-term debt obligations.
Gevo also announced today that it has decided not to pursue its previously announced public offering of senior note units."