Gevo Inc (GEVO)

[masson]

Any way you slice it both companies are running out of time. Gevo’s finances have decayed to the point where it’s operating a skeleton crew, had to conduct a reverse stock split to remain on the NASDAQ and its last public financing was tiny, inadequate at even current burn and subject to arbitrage. Survival is questionable. On the other hand things at Butamax may not be much better. BP appears less and less committed to renewables, as primary oil prices have fallen. It recently auctioned off its cellulosic biofuels business (announcement soon) and Butamax executive CVs are reportedly on the street, leaving one to wonder if other non producing assets are to follow