I think they dumped a load of shares yesterday on the contract news,that's why the volume was so high and the pps closed with no gain.Amyris should have never gone into the fuel buisness,there are so many other high end products out there where they could make top dollar.With oil in the toilet the fuel and tire buisness wont get off the ground and those companies are bailing.Amrs trading over 7 million shares was someone big dumping.Amyris is heading in the right direction,but Mello should step down and make someone who is qualified run the company,he is Amyris ball &chain,all smoke but no fire.
Now all we need is for the pps to go up $66.,and the warrants will be worth something,they should have given shareholders one million warrants each,it would not have made a difference,the warrants will never be worth anything,they were a ploy to keep shareholders from a class action suit.
Why is the pps up 10%,this deal dilutes the stock,Gates foundation gets stock for $1.14,while amsc has to use the money to make yeast for malaria drug,which adds nothing to the bottom line,pps should be down 10% not up.Mello is a idiot.
Sold my ontx and bought htbx,ontx ribo never worked,at least htbx has that drug that works on tripple neg. breas cancer.
The $2.40 price comes with warrants, you need to subtract the value of the warrants off of the $2.40 price,most of the time the pps of a company goes down when they issue more shares.
Anyone who puts a $7 target on a $1.50 stock is a idiot,it's trading at $1.50 because the ceo is not trusted,he's all talk no action.
When they file Chap. 11,the shares will be worth nothing when they come out of bankruptcy,check out what happened to hero shareholders,crime pays as long as you have good lawyers.
What ever happened to the shareholders that didnt take the deal from the bankruptcy,did they file a lawsuit? They had to do better than shareholders who did because thier shares and warrants are now worthless,even the bankruptcy courts lied to shareholders and bondholders by saying the company value after the bankruptcy would be est. to be 450 million,not 20 mill..which should have been about $22 a share.I love the $70 warrants,they could have priced them at $20,but thier intention was for shareholders to get nothing,that 3.1% was just to stop the bankruptcy from being delayed by the judge because of shareholder lawsuits,I still can't believe that not only were the Saudi contracts rates cut in half,but they went back 6 months retro,that in itself should have been followed by a lawsuit,who says crime don't pay,all management should be jailed.
Celg owns over 3 million shares of alqa at a cost of more than what it's market cap is today,if they are so interested in this company, why not take them out now while the price is cheap?
The bond holders,now the majority shareholders can sell the company to either the Saudi's or Maserk,they are the only one's that will pay enough for them to get back at least twenty cents on the dollar.The rigs the Saudi's are leasing can be sold to them,and Maserk can buy the other 3 new rigs.Even in a market where oil is under $30,Hero if sold now will be worth at least 100 million.