Let us no long worry ourselves over little minds and their distractions, by the way - speaking of distractions, I really appreciate your DD. (that's due diligence, not what the little minds are thinking)
Investors are selling CHSCP at the $3.00+ premium to take the new issue at par with a better dividend and lower the price risk above call price of $25. It seems like a good move to me. We may see CHSCP move down to $26.00 area or less depending on where they set the dividend rate of the new issue. That will probably happen when they announce the rate for the new issue.
How low this goes will depend on the dividend rate they come up with. The CHSCO rate was 7.875% and it drove selling in the CHSCP price down by about ten percent by the time it was done.
Three big U.S. production plants will begin making the next generation of- two of them in Iowa. But a proposed rule change could cut demand. Next-generation ethanol will “lose money on every gallon that it sells in the United States” under the EPA proposal, Poet-DSM wrote the agency. See Des Moines Register, Feb 23, 2013: "New Ethanol Industry Blooms in Iowa, but it soon could be uprooted."
Great post big salli, but this is old news. We need execution of the plan and some new information. If they had converted back to ethanol last year we would not have a money problem right now. I suggested that to management back then and this is what they said : "but that would look bad to our investors and send the wrong message." Well doesn't stock going down 700% to 1.21 send the wrong message? It is getting pretty sad. I had feared this in the past. A great bunch of scientists but they know nothing about running a company. It's time to bring in some professionals. (imho)
1) Gevo out of cash so giving/selling stock to cover payroll
2) Insiders know stock is still overvalued
3) Insiders expecting new dilution offer soon
4) Life is short so need new tesla for garage door #5 in new house.
I thought the low was 1.16. - but this will do - if you say. Very true about the solid long term investors, but I think there are more here than you speculate. Their capital and loyalties to companies is what changes the world for the better. The management should thank them for their continued support. Lets hope for that gratitude and a positive report at the next cc.
too many weak longs here, no information, dilution risks remain
Corn cheaper by the day - real inexpensive by next year. Ethanol plants with more money to buy the conversion technology from Gevo. Technically on the charts we have retested lows and now ready to close the gap and trade to up 1.85. Last squeeze play took Gevo 2.00+ on just a couple shorts trying to cover.
The long term employees and technicians are working to make this a success. They own the process and technology and are not in any danger of bankruptcy. The last investment offer took less than 12 hours to sell out. The patient and prudent investor in Gevo should be very well rewarded in time. This is a very important and revolutionary company that may have the power to change the world for the better. Changing the world for the better is never a poor investment because that is when champions are made!
everything is real quiet but if they said anything outside of formal statement that could contribute to insider trading problem and that would compromise their career which they probably value greatly by being part of an up and coming successful company but maybe they are waiting to make a statement for after the buttawax ruling because once they start production buttawax will most likely start their patent meddling again and we don't want to pay the lawyers
You are correct that you should only risk what you can afford to lose. Many good people bought at the IPO price and are now facing a very large equity reduction - if nothing changes. Maybe the retail buyers are all done buying but my expectation is that the large short interest could get squeezed, and then it could take a dollar rally to loosen up shares. If there is an announcement of unexpected profit or successful outcomes, the greater risk-reward will be buying before that announcement rather than after. Of course in the long term, there will be plenty of opportunity to own this stock but the returns will likely be lower and also the risk reduced. Although this could be the big fish for the wall.
Operations Microbiologist based in Luverne, MN.
Environmental, Health and Safety Manager in Luverne, MN.
Plant Operator, based in Luverne, MN.
Operations Shift Manager, based in Luverne, MN.
Process Control Engineer, based in Luverne, MN.
Operations Engineer – Fermentation Section, based in Luverne, MN.
Operations Engineer – Distillation and Evaporation Section in Luverne, MN
*From web site and local listings.
Gevo going back to test the lows?
Time to get the employees hired and trained…….
Time to work through the production problems….
Time to find markets and sell the products…….
Time to plan and execute another capital raise……
Time for dilution…….
Time is money……