Nah, no way their problems are because of GMO. The oil is not GMO so not even a factor. See below. However, the algae flour is so that might stop some people but not many. Most corn and soy is GMO and they sell hundreds of billions of it a year. You're just not going to hold progress back by screaming GMO every time. Not all GMO is equal.
"Myth 4: If the sugar feeding into Solazyme's Clinton, Iowa, facility is derived from genetically modified corn, then products coming out of Clinton are genetically modified.
While organic dairy must be sourced from livestock fed non-GM animal feed, the origin of sugars doesn't fall under the same guidelines -- and for good reason. When animal feed is consumed, so, too, are all of the proteins and compounds contained within a corn kernel (DDGS contains fewer nutrients, but this still applies). That includes the tiny fraction of proteins altered by modern biotechnology tools.
But sugar is not GM, regardless of its origin. The carbon, hydrogen, and oxygen atoms that comprise each molecule formed without genetic modification. It may sound like a loophole, but it's just science. In fact, products in the United States and European Union may be labelled natural if they are "derived directly from an animal or vegetable material". Industrial organisms and the products they produce are natural. "
Here's SZYM's answer from the cc:
it all starts with algae. Before there were foods like Chia, Acai, Kale, or Quinoa there was algae. Nothing can be more heirloom, more ancient or more original. It’s the origin of our food chain and unbeknownst to many, we’ve been consuming algae oils for as long as we’ve been eating fish.
Those omega-3 oils we were all told to eat salmon for are not produced in the salmon or any other fish for that matter. They’re made in algae and make their way up the food chain to the fish we eat.
If fish/krill get their good oil from algae where is this oil pill from SZYM algae? A krill/fish oil pill without the krill/fish oil taste would be an easy home run and should be a grand slam. It's a billion dollar business that is ripe for the next generation of product. Mark-ups would be through the roof.
R&D needs to stop--at least temporarily. Everything non-essential needs to be cut to the bone. When you put all your eggs in one basket--you put all your eggs in one basket. It's all about selling algae oil and algae protein now. That's it. Everyone needs to pull their weight in the selling to the food industry or be cut and everything not essential to that needs to be terminated--at least temporarily.
SZYM has had a decade of R&D and spent boatloads of money basically paying 3rd parties to promote and test and file for patents. Those days are over. It's time for SZYM to actually do their own work now.
Even the food products have been in test for at least 5 years. The Roquette partnership was 2010. It's time to Shi or get off the pot. And thank God Wolfson is gone. He was running at 100% failure rate. Never ever did anything right. Never ever got along with anyone. That's not easy to do. Just random chance and 500m would make most CEOs come out with at least one successful product line.
Double Dump is Slobber Face.
Your writing style is exactly the same. Always popping off with zero substantive content.
How is it possible that you are going to burn through 70m cash this year? After all you've been through and all the money you've lost, it seems unfathomable. What is it that you are going to do that is going to make you use 70m cash? Is it Wolfson's golden parachute? Did you pay advertisers millions to write and direct that conference call? Is some law firm charging you millions to change your name? Are you paying for the class action lawsuit out of the company's bank account? Did you have to give those investors of 28m the money to turn around and invest it back in the company? Are you going to pay a headhunter firm 6 figures to find a new CEO who you are then going to pay millions to to try and save the company?
All of the above? Why are there no details on what this company does with its money? Frankly, this level of exposure is what I see in pink sheet scam companies.
If all you do now is make food oil and algae protein why are you forecasting that you're going to lose so money this year? Company places order for your product, you grow it and process it and ship it to them. How difficult can this be? You're no longer a start-up. Your R&D days are long gone. You blew hundreds of millions on R&D that didn't work. It's time to make and sell the only product you have left. If you can't do that, sell the company to a player who can or one who at least can afford the R&D. This isn't about you riding your million dollar comp packages for as long as you can. You enjoyed that free ride for years now. And you've near ruined the company. Think about your shareholders for once.
It's absurd that companies are giving Tesla upgrades. By fundamentals the stock should be about $10 a share and here it is at $240 and firms are upgrading it.
because Tesla's going up. I can't find any reason whatsoever for this stock to go up. It's back to near all time highs on no information and oil at $40 which essentially makes their 35k a niche business.
And you can't short it. Nobody has any shares available. Looks like the MMs are just trying to break the shorts.
I disagree on Thrive,
Good. One down and 100 million to go. I guess we can call that a start?
are there some you don't believe exist as marketable?
Yeah. All of them. I have doubts about all of them. And if you don't you're not truthful. Thrive is the best food oil on the planet. So what? If it cots $11 for a small bottle it has no chance to become a staple in the American diet. Palm, peanut, sunflower, safflower etc. etc. work very well for $2 a bottle. Sure, they're not nearly as healthy, but nobody pays 5 times as much for no effective taste difference.
Algae flower I know nothing about. Seems it could be a blockbuster. A soybean replacement and (hopefully a flour replacement) that's healthier, that tastes better and that digests better. I sure hope so. But if that's true where is SZYM with it? They have spent astronomical amounts of money and this would be a no brainer. So either Wolfson's an idiot or they have major problems.
adjective: unproven; adjective: unproved
not demonstrated by evidence or argument, not tried and tested.
noun: product; plural noun: products
1. an article or substance that is manufactured or refined for sale.
So other than no revenue, totally unproven products, no CEO and a manufacturing facility in a rapidly deteriorating country, you're good?
Dude, you're all over the board here. Are you coming or going? SZYM no longer has the new car smell. The IPO was ages ago. At some point you have to produce. Even SCTY and TWTR have taken it in the shorts for not making a profit and their gross revenues have gone through the roof since their IPOs. SZYM's gross revenues are grossly lacking.
The only one that's still in fantasy land is TSLA. Why that stock is at 230 I have no idea.
Actually at Big chocolate Twitter had revenues of $300m when they went public
And SZYM had next to zero revenue and went public at $18 with over a billion valuation. What's your point again?
Are you effing joking? You think if it was producing 100,000 metric tons they wouldn't mention it or the income generated or the buyers? The stock would be at $30 if that were the case.
The market rarely lies, it's a $2 stock because there's nothing here, not so you an just get in on the cheap
It's actually the opposite. The market is rarely right. Almost without exception companies are over-valued or under-valued. And when the market is right it passes right by the right price like a ship passing a buoy at night. Just a blip on a screen of very often wrongs.
The only way the market is ever really spot on is with hindsight averaging over about 5 years.
There have been plenty of examples of companies in recent years valued at $20bn without a any sign of profits (3D systems, Twitter, Tessla) and in some cases barely a business model when they went public (Twitter)
There's a huge fundamental difference. Those companies produce billions in gross revenue. Maybe not net revenue but the gross sales are there. SZYM not only does not produce billions in revenue, it doesn't produce 100s of millions, it doesn't produce even a 100m, it doesn't produce even 50 million. So no comparison.
1. Bring on a high energy CEO who knows the food industry (and tell Wolfson he'll be working from home from now on). Even better bring on a CEO and his entire team to take over.
2. Do Deals. Lots and lots of deals. Should be easy when you have the best products in history.
3. Publicize your deals. Put out press releases all the time. Foods that use your products are better. Foods that use your products are healthier.
Of course they do. 10s of billions are lost by sophisticated investors every year.
And 28m is mice nuts. It's a token of good faith is all it is.