Hey, Wolfson promised me I can slap on some Algal Butter on my bagel in the 1st half of 2016...Oh yeah, it's the Wolfson thing again :(
Solazyme is aiming to launch the latest addition to its micro-algae-based ingredients portfolio in early 2016 - an algae butter - which it says could replace hard fats such as palm oil or partially hydrogenated oils in a variety of applications spanning confectionery, bakery and spreads.
Well said jr, I think Solazyme was always cast in a negative light and recently was ranked 1 of the worst IPO's in the last 5 years when they IPO'd at $18 then hit highs near $30 but are down 95% since then. They were way overhyped and had that horrible connection to free government money to subsidize non-fossil fuel hopes that the right-wing ate them alive for. While their revenues still stink, they have a 50-50 chance to finally turn the ship around hence the $2 stock with a bit of momo. We all seen fluffy PR's from them over the past 6 years like the 1 they just sent out but when they translate to top line and bottom line growth then the new face of the company can emerge as a turnaround story instead of whistling by the IPO graveyard.
Trying not to get excited by a $2 stock heading into dilution but you are correct. Getting above MA's are bullish but more bullish if we go there with above our normal volume which is still paltry for such a cheap stock. Problem with cheap stocks is most big funds ignore them when they trade below $5 so push the winds in the opposite direction and set sails to the +$5 promise land :)
I'm with you choc, newcomers think they know the company since they started following a few months ago and if you provide facts to the incompetence since going public it doesn't matter to them. Always the head in the sand and think that Wall Street punished our $2 stock for no reason when all that this company has done since going public was disappoint. With that said, I wish nothing but the very best to the company and it has to start with a new competent CEO which hopefully is ready to go like yesterday!
That's not the PR we were waiting for. There's no substance to it and sad to say the kind of PR SZYM investors have been seeing for many years and the reason the stock has fallen so much! If they released this lame PR I sure hope it doesn't infer they have nothing else in the tank - Geez :(
I think SZYM/TVIA has done a bang up job all by its lonesome on keeping its share price down. Have you seen it lately? Market up 160 and our boy is down as usual with paltry volume. perspective my friend.
The lack of info coincides with the lack of interest in the stock. 200,000 shares traded all day just a few days after a cc on a $2 stock!!! Geez! Nobody cares about our boy or at least all seasoned investors have been burned too many times by broken promises in the last few years that they will only come back when rev's come back and we all know our rev's are in the toilet!.
Yeah it would be nice to see our revs jumping instead of the downward spiral we are in just like our stock price from $27 to $2. Also, bad timing for the big dilution we all know is coming to keep us afloat and we do not have much of a buffer in our share price. As you said, all this reinventing the company takes time and that mi amigos is something we do not have I'm afraid.