Unless something dramatically changes Sam, yes, I do think that. They already projected roughly $70 mill in rev for 2015. Capex for the year is by my accounts probably 200 mill for 2015. Leaves them with $70 mill at the end of year, + any cost savings they can muster. I'm not confident enough that they can cut costs enough. They have promised a lot over the past 3 years and have hit on ZERO of the promises.
I rolled my szym into INVE. Sold that for 40% 6 week profit. Then rolled that into Fwm. I'm up 50% in a month on that. I think the stock gods are repaying me for szym.
I'm going to probably sell Fwm soon. I'll be trading spec stocks. I'm done buying and holding. And I will be selling after 30% to 60% returns.
That's my plan to build the spec money back up. Szym turned 100k into 30k. I have built that up to 65k in 3 months. If I had kept szym, it would be about 27k right now.
I am still out of this stock. I will be paying attention to the CC on 2/26. I don't think it will be as bad as the last. Nor do I think it will be anything great. I can see a ho hum, we made "some" progress cutting costs, revs maybe in the 18mill range, not big jump from last quarter. 200 mill in cash at best left at year end. Maybe one small new customer. Moema, "making steady progress but their is work to do" broken record announcement.
I might buy some after the call, no way am I getting long again in the next call. I will risk missing out on a 20% jump after hours if good things happen, for the comfort of not holding a stock that goes down 30% after hours or more on more bad news.
We will see. I wish you all luck.
the problem is that the management is not forthcoming. they over promise and under deliver. I gave them way too many "benefit of the doubt." I am #$%$ at myself for letting them scalp me. We all had plenty of chances to sell at nice gains, at one point I had almost a 50% gain and didn't even trim because of all the hype that they will open Moema, The S curve, revenues going to 150 mill or higher in 2015, and over 250 mill or higher in 2016, cash flow positive in 2015. It was all fed to us by management. They lied, I didn't just think that stuff up, we ere told they were still on pace for Moema to open and hit the nameplate in 12-18 months.
I can not believe they lied so many times.
I will tell you this, looking back, that call in November of 2013 when they announced that both plants are going to be pushed back to 2014 was when I started to become suspicious. That should have been our clue. They sounded really nervous, Wolfson sounded like a bubbling idiot. Sadly, just 4 months after that we all could have closed out our position in the $14's. But no, big things were yet to come. "Moema early 2014", then Moema might be pushed back to "early q2 2014", then electrical problems. All the while, they said they were "in a good financial position on the call last Feb, then they do a secondary a month later. All the while, selling shares left and right.
I let this one get anyway and drank the cool aid, many of us did. Sad part is I am smarter than that and should have known better. I am sure many here feel the same way.
you know where I stand on this question. It's painful to watch, but at least I'm not losing money anymore here. This company might have some nice technology, but it will not succeed under current management. I think this will bleed down to a level that a takeover will happen and it will be taken private.You won't see $10 a share again, in my opinion.
freedom of speech. I was a die hard long for two years, invested $100,000 based on what management told us and then as it turns out, they lied multiple times. It can be proven that they lied too. About the financial health of the company right before the did the secondary last year. As well they lied about how close Moema was to production. They strung us along, so they could do a secondary at inflated rates and sell their stock at inflated rates. The hype and hope was based on lies, and we got played. I lost $70k when all was said and done. But I want everyone to understand how bad this management team is.
plenty of money? lol. 6 quarters worth. I use to read KQ and drink the kool aid too. But when he says in this article that solazyme has $250 mill in cash, he's bending the truth.
They HAD $250 mill as of the last CC two months ago and even said they will have around $200 mill left at the end of 2014.At a $35 mill quarterly cash burn (even after the cuts, that's 6 quarters of cash left). So his cash statement in my opinion is misleading. Plus he's long and has plenty of biased, he's proven that. He knows the company well, which is why I take the cash on hand statement as a intentional misleading statement.
In addition, the title "becomes more disciplined"....that makes it seem like they have been disciplined and are becoming more disciplined. They have not been disciplined. If they were disciplined two years ago, maybe they wouldn't have to do a secondary every 12 months to survive.
Keep drinking the cool aid.
Your facts are wrong d bag purple. I was positive and all my comments until nov 5th were positive. Management totally pulled the rug out from shareholders. I believed they had the best intentions up until that call. I can name 4-5 instances when they lied. If you don't see that, then it's you people should feel sorry for, I know I do. Don't feel sorry for me. Im not miserable. Dont feel sorry for me, I have no rage about losing money, I have plenty. Don't feel sorry for me, I sold my position and I'm now making up the loses that I suffered in szym. Up 40% since I sold vs szym being down an additional 15%. It is I who feels sorry. Sorry for all the longs who still hold the dream of solazyme and are long. It's only a dream at this point. This company had over 3 years and 100's of millions of dollars to succeed. Yet they will loss 10's of millions next year.
Most importantly, we live in a country with something called, freedom of speech. I enjoy exercising my right of freedom of speech and I laugh at you or anyone else who thinks they can take that any from me.
It's nice to see a reasonable long on this board. Thanks.
Truth is, I was blinded by the light when I was long and didn't see the holes in this company until I was completely out and was looking from the outside in.
I still don't see any sign that these guys will turn it around. Once you toss hope out the window, SZYM looks really weak. But I do wish you good luck.
What value would you rather have in your account?
A) $26,500 - The value of szym stock had I not sold at $3 a month ago.
B) $44,000 - The current value of my account based on rolling over what was left to my next best idea
Which one would you rather have?
Ride it to zero, be my guest.
If you don't want to read my posts, put me on ignore dbag. I have only posted about 12 times over the past 6 weeks, so your story doesn't really translate to my state of mind. Not even close. It's hardly a "obsession".
we are proving your point? And what point was that? You made no point. All you did was start a fight. No point to your post at all. The funniest thing about it, your new phrase of the day....."self absorbed douches" made no sense. Losing money in a stock and posting about that company in a negative way doesn't made anyone a self absorbed douche. However, posting in response to someone acting as if you are better than them, and insulting people, like you did, most of the time means that the person is a self absorbed douche.
Phrase of the day, #$%$
As a reminder, they said they would have around $200 mill at the end of 2014. It's the end of 2014. So they are trading right at the cash position. In the meantime, they are only growing revenue by 15% or slightly higher in 2015 and they are still going to lose tens on millions in 2015, even after they cut the $3-$5 mill each quarter. Cash burn will still be at roughly $35 mill a quarter in 2015. Do the math. In a year, they have $60 mill left and still losing money with roughly $80 mill in revs for 2015.
What exactly is attractive about their situation?
you're the shmuck if you buy and hold through the CC. "get a hobby? do something better with your time".... really? because posting once over the last 12 days really took so much of my time. You need to get a clue and stop judging people.
I asked a legit question clown. How can anyone trust these guys going into the next CC? I honestly can't imagine holding into the next CC and thinking they won't screw shareholders.
You lost 10k? Big deal, I lost 70k. And they lied about Moema, and other material things. So excuse me oh mighty wise one purpleboarder for being #$%$ and posting every so often.
The phrase of the day "worry about yourself".
They crushed all shareholders last CC. What's next? They announce they are giving up on Moema? They lost a major partner? Anything is possible, they proved that.
I would not be surprised if this rallied to $4 before the Feb CC and they had some bad news and it traded back down 50% the next day to $2. I would bet on that before I bet on a rally from $4 to $6.
Maybe I am wrong. I wanted to watch this and maybe buy some at $2 if it got down there. But there is no chance I will hold this into the next CC.
justify my sale? I think the fact that this has dropped 20% more since I sold and the stock I rolled into is up 30% is good enough for me. Keep justifying your hold and ride it to zero.