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.
And that's why I'm thinking that the next bump up is going to come from a highly respected Food Industry CEO. Hopefully that's what SZYM is looking for. Pull a major player out of a giant in the industry for instant credibility. Give them a good salary, give them great stock options and let's see what a proven winner can do with revolutionary product.
Either that or conserve every penny and sell to Bunge for $10 a share in stock. At least that would get the shareholders back to 50% losses.
Wolfsons nothing but a scam artist and had nothing to do with anything good and just rides the coat-tails of others.
The one thing he did good that you totally missed was the secondary he ran at $11 a share. The stock was trading at 13 at the time and I couldn't understand why he did a secondary at 11 but now I know--because the stock was worth nowhere near even 11. It was a $1 stock at the time and only the insiders knew it.
I hope somebody figures this out and gets rid of him!!!!!
Really? Did you not know he's been fired? They are currently looking for a new CEO.
I can't believe how stupid I was to buy shares in this loser!!!!! $100,000 down the drain. Us morons never learn!
I'm right there with you. I got hustled too.
Ok, here we go. Your lips are still so tight up against Wolfson' s ass you can't see anything but hair so at least try to listen..
without Wolfson, there would be NO Solazyme.
Lie. Dillon was the inventor. Wolfson knows nothing about biology or chemistry. He's a snake lawyer who hopped on the money train.
Dillion left to be with family----who would have been CEO or the driving force?
That was years after the IPO and Dillon cashed out. He knew what Wolfson knew and rather than ride the lies he got out. Wolfson is an abject failure at CEO. Everything he touched turned into a lump of coal.
You say--- 'At every critical juncture Wolfson made the wrong decision"" Like coming up with the whole idea in the first place.
You're just repeating yourself.
2. Securing funding for the IPO.
IPO buyers didn't benefit from that. Private funding reaped those benefits including Wolfson. Everyone who bought at the IPO would unquestionably be better off had SZYM not gone public. So your assertion is ass backward. What a moron for even saying it.
3. Taking Algenist ,found by accident , and placing it in stores all over the world.
Once again Wolfson didn't do that. 400 million in biologists and marketing did it and Algenist is a total loss. It's been scrapped. The product is history. It was a total loser. The marketing costs are 4 times what the revenue is.
4.Realizing that they can make healthier oils for food and add diversity with their offerings.
Wolfson didn't do this. He's been forced into food by failure at every other product. He had no vision. He's here by failure.
5. Fixes problems at Moema
OM Freakin G. He caused a class action lawsuit by his lies over Moema and you're giving him credit? I give up with you. Too stupid to have a conversation with.
In short, a lack of differentiation and unattractive process economics.
You're talking out of your #$%$. Either that or you have insider information because SZYM has never disclosed its food oil or algae product process economics. And as far as product differentiation--it's not only different it's revolutionary.
Only when a stock is able to hold a move up for at least a couple of days is it time to consider buying on "good news."
There wasn't enough good news. The CEO stepping down isn't worth a double. The rest was all window dressing and hype--bottom line they are still trying to find profitable product lines. But if they bring in a true food industry giant as CEO, it could make the stock double immediately. That's how important this next decision is.
Even with your hair splitting it's stupid. Why wouldn't I be happy if SZYM went back to its IPO price? Hell, everyone would be happy then. This ain't rocket science. It's simple addition.
Back to the main point--at ever critical juncture Wolfson made the wrong decision. It is what it is. Now he's stepping down. Finally! If they can poach a top level CEO from the food industry, there's still hope. Algae food could be big. But not under Wolfson--he's wrong for the company.
First you say: IMHO, I don't think you will ever be happy with this company.
Then you say: I'm not sure anyone is as "happy with this company" right now.
Try and gather your thoughts before you post worthless drivel.
IMHO, I don't think you will ever be happy with this company. You don't seem to applaud very much if at all.
This company is one of the worst performer in all of NASDAQ over the past 3 years. It doesn't' get any worse than this company. If you're happy with this company you are a moron who shouldn't be in the stock market outside of mutual funds.
just a depreciating asset, not an investment.
Ge real. You're talking fantasy bs. Investments can be bigger losers than depreciating assets. Just look at SZYM. The market tells you what the value of a company stock is just like it tells you the value of a depreciated asset. It's not what you want it to be its what the market will pay you for it. For SZYM it's $1.50-$2 a share.
At least with a depreciating asset you get 8 years of highly productive use out of it before it loses 92% of its value.
If they can poach a truly powerful CEO from the food business and, at the same time, if the Wolfson can promise to disappear and never ever speak again on behalf of the company.
Don't underestimate the value of the fuel, drilling, and specialty IP. These are all held in reserve for any threat to the company growth.
Funny. Like buying a Mercedes for 100k and selling it 7 years later for 8k. That's how valuable that investment was.
So is Algenist
Absurd. They lost their #$%$ on Algenist. Just because they generated 25m in sales didn't make it profitable. They probably spent 100m generating 25m. That's why they are walking away. It's a loser not a winner. Same for Encapso. All of it's been tagged and bagged and is sitting in the cooler at the morgue.
That cc was completely scripted by professional marketers. It read like an advertisement more than a cc. The only thing of substance they said was a 200m 5 year contract with Unilever and minuscule 28m in investment from some food players all of which was grossly outweighed by their statement that they are going to burn at least 70m in cash this year. Another 70m minimum gone in 2016! And for what?
Why would SZYM burn through 70m in cash this year if things were so great? How man years can it possibly take to get Moema up to scale? Why doesn't SZYM have contracts in place for 100 million tons of product right now? There's only two possible answers: Supply or Demand. Maybe something will change in the future but right now telling the world you're going to burn through the last of your cash this year is about as bad as news could get at a cc.
How much money did SZYM blow on biofuels and tailored oils and drilling algae and make-up? How much money did SZYM blow on plants that are now shut down? Several hundred million and it was all for naught. He should never show his face around this company again. He single handedly took this company down. What an embarrassment.
This company does 1 billion a year in business, netting 100m a year in revenue and its market cap is 175 million? It's market cap is off by an entire decimal point.
Only possible in a China company.
That's a 200m contract with just one customer-- Unilever.
key management and Board appointments that along with our new investor group will broadly expand TerraVia’s market knowledge in the food and nutrition arena, and a crucial new $200 million plus supply agreement with Unilever.
This agreement is a major expansion of our long running partnership that is expected to serve as a cornerstone of our specialty personal care ingredients business and provides a cost plus baseload that derisks the plant and makes everything that follows more profitable.
Covereight--you're about a year behind. This was public news a year ago and the subject of a class action.
Now, it's on to food. So unless you have something to say about food, you're just banging an old book.