These companies that continue to dilute and do reverse splits have no credibility. That is why it trades at a POSSIBLE discount to what it is really valued at. A company that has taken from share holders is not going to get any credibility for years, its gradual.
Look at GM. How many times has it went bankrupt and borrowed money from the government. People wonder why it trades at a small PE. Credibility!!
There are 100's of other small companies that traded the same way as GEVO. Many out of business or bankrupt.
Disclosure I bought in at .58 cents and sold at half at 1.18. I am on the houses money and wish I would have sold all of it yesterday. But I thought it might have a little more to run.
If that is the case and would hope that it does not go that far. If it is going on this company will go under. Like I said all is illegal!
If it can't get over a dollar soon and trade for 10 days, (I believe, maybe 20 days) over a $1. Look for a reverse split to put it over a dollar. By the way a reverse split is never good immediately. 99.9% of the time the stock falls right away before rebounding. So what I am saying is longs have a while before this gets back to where it was yesterday. If it gets back, I don't know, time will tell.
Exactly! Look at the chart of this company. Nothing but losing money for investors. You could see this was going to happen soon when it went to $1.90 pre market yesterday and opened much lower. If it was going to climb it would went to or around/higher price.
I believe everything is baked into this stock as it has fallen 80%. When it goes up it is going to explode. I would not want to be short this stock. If you are short I would hope it would be in PUTS, not the stock.
Something is wrong is right it can't miss that bad on Revs. and Beat that bad on earnings. The beat came from somewhere!
I got lucky and bought the 21 April calls that expire tomorrow for .11 cents, the bid was actually lower right before I bought. I had already owned some calls I bought at .22 cents two days ago. I have a bid in for .46 to sell the rest today. In mean time I bought the May 22 calls at the same time as buying the April 21 at .11 cents. I got those for 38 cents. This is going higher.
I was lucky and looked right away yesterday. When the stock was in the 1.20's. I saw the options for May 2's at 5-8 cents and was lucky to get them right before it started to really move up.