How about Painter, maybe? He may have been turned off by Wolfson's behavior, causing him to bail.
The quantities may just be modest because there are few orders, which they didn't anticipate.
I got out last week at 3.33 (at a modest profit this year), hours before the Russell rebalancing boosted it briefly over 3.50. I think the lawsuits probably have merit, which could cost the company, in 2 or 3 years, $50 million (per my SWAG), in cash or stock dilution. (Roughly offsetting whatever it gets from Roquette.) They will also cast a shadow over the company--an unknown risk--that will scare off some bigshot investors.)
I think the market is topping out and will turn bearish in the fall, at the latest. A bear market will drive SZYM down to $2.50. Or lower. A year or two from now will be the time to back up the truck, in that event.
I think Wolfson is an overly visionary "green" enthusiast and somewhat "in denial" about uncomfy facts. (Maybe that could be the company's defense against the lawsuits--he wasn't concealing problems, he just didn't "see" them.) I got this impression from the video interview he did with a green investment specialist at GS. He thought the 60 Minutes episode documenting the failures of green energy firms like Solyndra (sp?) was one-sidedly negative.
Here's the link:
I knew that--that's why I put the speculation about AlgaVia in a separate paragraph.
But probably I should have signaled my transition explicitly, with, "If Obama likes Solazyme's general mission and technology, then perhaps .. "
Within a week or so there will be a meeting of the Brazilian president and Obama about climate change and deforestation. Perhaps she will cite Solazyme as an example of how her country is trying to do more with less.
Conceivably, Obama might eventually decide to boost Solazyme in some way. Perhaps by encouraging inclusion of AlgaVia products in school meal programs.
Perhaps the report in a Brazilian paper that the power grid had been integrated was the trigger. (What's happened to that thread, BTW? It seems to have been deleted.)
Or possibly they all were lurking with the idea of issuing a press release as soon as someone else did. They're all in competition for attracting plaintiffs, so none of them can let another firm get the inside track.
Solazyme is an obvious target for such a suit. I've mentioned the likelihood of such suits in past comments here as a possible drag on the stock. The claims could be large.
He wants to be able to say, "Not only have we integrated the new power sources, but we've been using them successfully for *** weeks."
More (positive) candlestick technicals: "Three White Soldiers"
(as of Wednesday, 35 minutes after the opening).
The reversal of the downtrend is clear on a chart. If some people have inside knowledge of how thins are going at Moema, and they are going well, the rise should take us to 3.75.
A bit OT: WaPo article on trans fats says that coffee creamers rely on trans fats for body. Given Solazyme's head start with Calafia, it should be able to pick up some bigger customers here.