I think he actually said "greater than 50%", (which is what they've shown in the past), but I might be wrong.
They really could have used one with a bit more showmanship/enthusiasm. But hey, who else can penetrate global food markets better than a chef from the CIA? :)
"Our revenues from development agreements with strategic partners and the Solazyme Bunge JV increased due to timing of the development work performed and achievement of contract milestones defined in these agreements. We are currently engaged in development activities with multiple strategic partners and the Solazyme Bunge JV and expect that our R&D program revenues will continue, as we continue this work and add new strategic partners."
That's revenue from szym selling to sbjv...not derived from the jv itself.
when you're stuck between what you will say & what you shouldn't say, it gets tricky to be concise and understandable. wolfson's a really good speaker, but seemingly constrained by regulations when it comes to what he would really want to say.
I would almost go as far as to say that things must be pretty boring & slow if he's not tripping up when prompted by info-seeking q's.
Just means it could've been worse. Those were longs selling and allowing the shorts to cover. 17 million is still a high number, but I would've liked more. Still higher than the figure prior though.
I think he knows that. These are plant halophytes.
By the sound of it, masdar is basically where we were 10 years ago starting with the revelation that scale matters. I wish them the best with their plans of halophytes and at least the water issue isn't as bad for them. But it's going to take a heck of a lot of fish to provide the nutrients they're talking about.
I was more intrigued that the videos highlighted a few areas relevant to us:
1) refinery issues with tar sands (think szym blending components to increase yields)
2) biofuels extend jet mileage/performance
3) aquaculture expanding rapidly (think fish meal demand)
4) protein problems going forward.
Wolfson is on a pre-planned trading plan, get used to it. July 24, 2013 he also sold 150,000 shares. Then his schedule reverted back to 35,000 share sales the following months.
If you got a problem with insider sales that give no indication of insider sentiment at a given time (hence the very reason why Rule 10b5-1 trading plans were set up to begin with)... then go sell your shares and stop clogging the board with your panic attacks. Reserve that right for the short-sellers who sometimes pretend to go long.