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Trinity what is the competition you speak of? I would like to do some DD and possibly purchase them also depending on factors. All the DD I have done points to VRNM being the best investment when considering public companies.
It was a gift to buy at 4.50-4.60 and I believe anything under $6.00 is. The bad news caused a panic and punished the share price...a good range should be $5.50-$6.00 before DOE news. Then on towards $10! People that got in the $4's will double by the end of the year.
Looks like selling into last Tues low of 4.52 is over with. Nice quiet buying going on today, and we're up around 8% since Tues low.
Watch, Discuss, Engage at 12:30: Clean Energy Economy Forum
Posted by Jesse Lee
THURSDAY, OCTOBER 22ND, 2009 AT 12:05 PM
At 12:30 today, Commerce Secretary Gary Locke will host a Clean Energy Economy Forum with business leaders from around the country here at the White House. Energy Secretary Steven Chu and other Administration officials will also be featured speakers at the forum, which will include a focus on ensuring American competitiveness and leadership in the emerging clean energy economy.
This is the latest in the series, but this will be the first time you'll be able to watch and discuss the forum live through our Facebook application. Furthermore, we'll be monitoring the chat and relaying the feedback you give during the panel session. So let us know what you think and what questions you have.
http://www.whitehouse.gov/blog/Watch-Discuss-Engage-at-1230-Clean-Energy-Economy-Forum/
Watch, discuss and engage through Facebook
Watch live here through WhiteHouse.gov/live
go back and read my posts
if you were around when it was at .20
then now you're asking for a repeat
which I won't bother with
pump it up! pump away on it!
used to hate pumpers until I realized there was a way to beat them at their own game
let 'em pump up Verenium, short it, and cover it when it crashes back down a week later
Ok you have my interest....who is the competition you talk about? Are they a public company? So you think they are just going to throw all the mandates they set out the window for electric cars? Big oil is going to let that happen?? Well that's a fantasy world where we have a bunch of toy electric cars that are running around on tracks, not in our lifetime.
actually did better than 250% prior to the RS.....
you forget it was up past $3 before it crashed
Obama looks like he's backing electric cars as the next gen transportation
and there's competition out there that's better than this company
One of those pops and this thing becomes lackluster so quick, it's pathetic
Well actually if you played this stock correctly shorting is not the only way to make money. And it was an easy read because VRNM has laid out the plan.
I admit I first learned of VRNM back in March this year so missed the drop from dollars, but I was able to purchase at .20. I then sold late June at .75 cents due to an email I received from IR stating DOE news would not come out for 4-6 months. (I am guessing you have not gained 250% on your shorting investment) Then they annonced the R/S and I knew they needed $$$ so and offering was due soon. A moron could have figured out what would happen then, and that would be overeaction and the price declining. Now is the time to buy for the next run up. (another 100%) Yes I could have made money shorting but I just don't play that side of the market.
For you to say this company is running on nothing but Hype shows me how much research you have acctually done. R&D companies take on DEBT and this is where all of VRNM debt came from. They have hundreds of patents and Tech that other companies want. (see news today for an example) They have a strong partner in BP and a future full of Government mandates requiring billions of gallons of Cellulosic ethanol to be made. That debt will be erased in no time once they get up and running.
Play the small gains shorting on this one or you will be burnt with a 100% up day. Small float = wild swings on news such as DOE loan approval. The risk in shorting this is just as strong as going long. I choose long because the goods out weight the bads at this time.
now look who isn't actually reading, but reacting....
I also mentioned dilution
and there's the company's considerable debt to add into that equation
I've been around this company a lot longer than you......
bottom line......
I've been making a good solid $ shorting it
which is more than can be said for anyone that has been long on it
Shorting on the highs and covering on the lows
it isn't rocket science
it's just money in the bank
especially with a company like this that's running on debt and hype
if it ever goes up, it'll be much cheaper and profitable to use options to make a buck
as a long play it just has way too much risk, imo
and so far......my opinion is the one that's proved to make $
You were making some good posts about short timing up until this one. If this stock was $1 it would have a market cap of 11 million dollars. Are you kidding me??? Have you researched this company at all or are you just blindly shorting on negative momentum? I hope you do some research before you get stung.
Talk to some charters...I bet they would agree that the chart is finding a bottom and should turn due to being oversold.
imo, it's way premature to go long here
I'll wait till it's closer down to $1 and see if it's not over diluted at that point
Peanuts or Seeds?
Some in the industry are dismissive of the funds the majors are committing. "It's less than peanuts for them, given the size of their investment budgets," says Steen Riisgaard, head of Novozymes AS, a Danish company that provides enzymes used in the production of bioethanol.
Shell, for example, has spent about $1.7 billion on alternative energy and carbon-emission-reducing technologies like CCS in the past five years, while its total capital investment budget last year was $32 billion. BP's investments in alternative energy totaled $1.4 billion last year, about 6% of its capital-expenditure budget for the year, and will fall to between $500 million and $1 billion this year as the global economic slowdown saps demand for energy.
But others think of the current level of investment as just the start of a long-term trend. "The bigger investments will come beginning next year, when commercial deployments start to gain pace," says Carlos Riva, chief executive of Verenium.
"The investment in dollar terms doesn't tell the whole story," adds Mr. Riva. Another key contribution is the "management skills [the oil majors] bring, in terms of design and engineering and the delivery of large-scale commercial projects."
"That's something the biofuels industry really needs," he says.
Ultimately, some industry insiders see a future of integrated biorefineries, where the majors will have a suite of low-carbon products they can blend at varying strengths for different markets.
For now, though, the majors are maintaining a cautious stance even as they invest in biofuels, a position shared by industry analysts. "It's an exciting area, but it's unproven," says Angus McCrone, senior analyst at New Energy Finance Ltd., an alternative-energy research firm. "We still don't know if you can produce them at a cost that's economic.…It's a gamble."
— Mr. Chazan is a staff reporter in the London bureau of The Wall Street Journal. He can be reached at guy.chazan@wsj.com .
It wasn't the reverse split that led to the drop. It was the private placement at $6 and dilution, and overreaction. I'll be very glad to see the penny players and Mo-Mo's go away so that this stock can get into strong hands going forward. Going in for some more tomorrow on the longy side. ;)
Test plots for biofuel showing good signs in Highlands
Jasmina Meyer, Highlands Today
Inmate Farm Manager Larry Harbison, with the Highlands County Sheriff's Office, cuts into the stalk of a sweet sorghum plant recently at the sheriff's farm near Arbuckle Creek.
By PALLAVI AGARWAL
Highlands Today
Published: October 18, 2009
Related Links
TBO Science
More on biofuels
SEBRING - The 15-foot tall plants with browning leaves and rust-colored flower stalks swaying in the breeze almost seemed like something out of "Jack The Beanstalk."
If you haven't seen them around Highlands County, there's a good reason why. They are not from these parts.
Last spring, Larry Harbinson planted them in a portion of a 2 1/2-acre test plot in the boonies of Highlands County where the county's inmate farm is located.
Wednesday, the sweet sorghum crops loomed over him as he bent over to slice off a stalk. He cut a little piece and offered it for tasting. It was sweet with tons of fiber that you have to spit out, and a lingering plant taste.
As manager of the inmate farm, Harbinson usually grows okra, zucchini and squash.
But these days, he's a part of an unusual project that's testing the viability of growing crops foreign to citrus country. Crops with foreign-sounding names like jatropha and switchgrass, crops that won't end up on your plate but whose byproducts may fill your gas tank one day and perhaps provide local orange growers an alternative should citrus continue to be ravaged by diseases.
What's also driving this experimental planting project, spearheaded by the Highlands County Extension Service, are two proposed ethanol plants expected to break ground next year in the county and the general expectation among some circles that production of biofuels like ethanol and biodiesels can only grow.
Verenium and British Petroleum have announced plans to build a cellulosic biofuels plant in southeast Highlands County, called Vercipia. A second plant that will use sweet sorghum is also on the table to break ground next year.
Should that happen, demand for energy crops like sweet sorghum and jatropha will rise, and Highlands County with its open landmass and agricultural base stands to gain.
At least that's the premise that's driving the extension service's experimental growing operation.
So far, extension service director John Alleyne is excited about what he's seen come out of the ground.
Anyone who does any gardening in Highlands County will tell you the biggest challenge they face: Keeping plants and flowers happy in the county's sandy soil that drains water and nutrients like a sieve.
Sweet sorghum, for instance, thrives in clay loams.
Would it grow here and serve its purpose?
The answer is yes, Alleyne said. To a layman, a 15-foot tall plant cannot have growth problems but what Alleyne is also concerned with is the sugar content in the stalk.
Ethanol from sweet sorghum is made by fermenting the sugar. If the sugar content in the crop is not good enough, the viability of using it is under question.
According to Alleyne's calculations, the M81-E variety's average sugar content is comparable and, in most cases, higher than data for sweet sorghum grown on clay loams. What that means is that cultivating M81-E sweet sorghum in the county for fuel or as a fuel additive does not appear to be a problem, he said.
The test plot at the county inmate farm now has expanded to include nine other varieties of sweet sorghum, four types of sugarcane, jatropha and switch grass.
Sugarcane is what countries like Brazil use in making ethanol.
Jatropha, a poisionous plant with high seed oil content, is used in making biodiesel by extracting its oil, and switch grass, also used for making ethanol, uses a technology different from the one sweet sorghum and sugarcane ethanol producers use.
Cellulosic ethanol, of which switchgrass is one source, is produced by unlocking the sugars from stalks and stems of plants instead of sugar and starches, which corn ethanol uses. Cellulose is the main component of plant cells walls. It is more difficult to break down cellulose to convert it to usable sugars for ethanol production but dramatically expands the types of material that can be used.
Alleyne said he'd have a better idea on the jatropha after the winter. Some species of the plant that are used for ornamental purposes have not done so well during our occasional freezes.
How well these plants survive and thrive in the local climate and soil is just one part of the puzzle.
Ultimately, their success depends on the success of ethanol and biodiesel plants that will use them as feed stocks but whether these operations will be feasible in the nation's commercial market remains to be seen.
All the ethanol produced in the country is made from corn. Cellulosic and sweet sorghum-based ethanol is a brave, new technology in a brave new world, of which Highlands County's two ethanol plants could play an important role in help deciding.
'A brave new world'
Lonnie Ingram, distinguished professor of microbiology at the University of Florida's
Institute of Food and Agricultural Sciences, is a pioneer in the field of cellulosic ethanol.
He and his University of Florida colleagues have taken a lead role in developing an economically viable way to produce the clean-burning fuel. Ingram now holds 15 U.S. patents, 10 patents in other nations and has 23 more pending worldwide.
His process soon will be carried out in demonstration plants in Louisiana and Florida, although the process Vercipia will use is different from his, he said.
Ingram, for one, is very gung-ho about Highlands County's two projects.
Vercipia, which means "green beginnings," will make 36 million gallons of next-generation cellulosic ethanol. That will be the largest cellulosic plant in the world, Ingram noted.
Highlands EnviroFuels LLC will produce 20 million gallons of ethanol per year from crushing sweet sorghum, and its plant is designed to double its capacity to 40 million gallons per year. The crushed residue eventually will be used to also produce cellulosic ethanol, company president Bradley Krohn said.
What makes the two operations stand apart from current ethanol producers is that they are not corn based.
Corn-based ethanol has gotten a bad rap lately because critics say diverting corn for other purposes has been responsible for rise in food prices.
Corn is also used as animal feed, so when it goes to make fuel, it means ranchers have to pay more to feed their animals although Ingram pointed out that the plant residue from the ethanol sources also is used as animal feed.
Some of these plants also require a fair amount of nutrients and water and use fossil fuel, generating greenhouse gases - the very thing they are trying to avoid.
Cellulosic ethanol supporters say using cellulose from agricultural and forestry waste produces less greenhouse gases. Converting cellulosic ethanol requires less fossil fuel so it can have a bigger effect than corn ethanol on reducing greenhouse-gas emissions.
Krohn said his sugar-to-ethanol plant will not only not use crop feed stocks, unlike corn ethanol which requires large volumes of water, his plant will generate water for irrigation for surrounding growers.
But like global warming, ethanol has become a lightning rod for critics. An Internet search reveals contradicting studies that say that greenhouse gases actually go up even with cellulosic ethanol.
The biggest show of support for biofuels may be the fact that more of it reduces our dependence on foreign oil.
"We get our oil from unstable countries that can jack up their prices any time and hold us ransom," Alleyne said. "Biofuels would avoid that."
At least federal mandates are pushing for more ethanol production and usage.
In December 2007 Congress passed sweeping energy legislation that pushes the country to use 36-billion gallons of biofuels by 2022. The bill's Renewable Fuels Standard mandates the use of 100 million gallons of cellulose biofuels by 2010 and 16 billion by 2022.
Krohn said that alone will ensure the demand for ethanol for several years. His project, which is privately funded with partial backing from area growers, has customers lined up, he said.
Krohn said the ethanol plant is not just an economic boon for the county
"This facility will be a zero waste effluent process and will generate a significant reduction in greenhouse gases," he said. "Our process to produce ethanol, which is very similar to that found in Brazil, will not utilize fossil fuels for energy and will have an energy balance of about 8-to-1. More importantly, this industry is about energy security for the state of Florida and the country. We should look at the Brazil model, where ethanol production has allowed Brazilians to completely eliminate the importation of foreign oil altogether."
Pallavi Agarwal can be reached at 863-386-5831 or pagarwal@highlandstoday.com
http://www2.highlandstoday.com/content/2009/oct/18/la-ethanol-nirvana/#
the heck with going long right now
these idiots did the RS and set themselves up to be shorted
and played as a short play
so those who bought high.....that's when I sell
and those who dumped and sold low.......that's when to cover
and that's exactly what the chart shows was the only way to play this
<hasn't been a problem so far>
You are probably right and have enjoyed short profits on VRNM. Eventually if their concept takes off (see today's PR) the shorting opportunity will diminish while the longing opportunity benefits will keeping rising up. I think the cost/benefit opportunities with VRNM are quite compelling right now to go long. good luck all.
Verenium and VPP Sign Agreement to Test C5 Cellulosic Technology on Pulping Feedstocks for the Production of Ethanol
--First step in creating new, adjacent market opportunity--
Press Release
Source: Verenium Corporation
On 8:00 am EDT, Wednesday October 21, 2009
CAMBRIDGE, Mass., Oct. 21 /PRNewswire-FirstCall/ -- Verenium Corporation (Nasdaq: VRNM - News), a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, today announced that it has entered into an agreement with Value Prior to Pulping (VPP), an organization created by the Agenda 2020 Technology Alliance, a special project of the American Forest and Paper Association, and CleanTech Partners, Inc., to test the effectiveness of Verenium's C5 technology for the creation of cellulosic ethanol from the hemicelluloses generated by the pulp and paper process, creating higher value products without negatively impacting paper quality. VPP is funded by the U.S. Department of Energy (DOE), the State of Wisconsin and several large forest products companies.
Related Quotes
Symbol Price Change
VRNM 4.57 0.00
"We are pleased to be partnering with VPP and enthusiastic for the opportunity to explore the potential of our C5 technology to create biofuels from feedstocks sourced from the pulping process," said Gregory Powers, Executive Vice President of Research and Development of Verenium. "Integrating ethanol production into the pulping process could create an attractive market opportunity for Verenium and the pulping industry. If this project proves successful, Verenium will be well positioned to enable this new source of low-cost biofuels."
It is estimated that a typical 1500 ton-per-day kraft mill could produce approximately 15 million gallons of ethanol annually. The total potential market opportunity is estimated to be between 1.5 and 2 billion gallons of ethanol per year.
"We believe these types of opportunities to 'bolt' our technology onto existing industrial processes, where the feedstock sourcing, handling and processing are already well-established, and are complementary to our core biofuels strategy," said Carlos A. Riva, President and Chief Executive Officer of Verenium.
About Verenium
Verenium Corporation is a leader in the development and commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the biofuels, industrial, and animal health markets. The Company possesses integrated, end-to-end capabilities and cutting-edge technology in pre-treatment, novel enzyme development, fermentation and project development for next-generation biofuels. Through Vercipia, a 50-50 joint venture with BP, the Company is moving rapidly to commercialize cellulosic technology for the production of ethanol from a wide array of non-food feedstocks, including dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.
Verenium's Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium's world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes-proteins that act as the catalysts of biochemical reactions. For more information on Verenium, visit http://www.verenium.com.
Forward Looking Statements
Statements in this press release that are not strictly historical are "forward-looking" and involve a high degree of risk and uncertainty. These include, but are not limited to, statements related to the Company's operations, capabilities, commercialization activities, target markets, cellulosic ethanol facilities, target markets and future financial performance, results and objectives, all of which are prospective. Such statements are only predictions, and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to the differences include, but are not limited to, risks associated with Verenium's technologies, risks associated with the costs, labor requirements and labor availability associated with Verenium's demonstration plant, risks associated with Verenium's ability to obtain additional capital to support its planned operations and financial obligations, risks associated with Verenium's dependence on patents and proprietary rights, risks associated with Verenium's protection and enforcement of its patents and proprietary rights, technological, regulatory, competitive and other risks related to development, production, and commercialization of cellulosic ethanol and other biofuels and the commercial prospects of those industries, Verenium's dependence on existing collaboration, manufacturing, and/or license agreements, and its ability to achieve milestones under existing and future collaboration agreements, the ability of Verenium and its partners to commercialize its technologies and products (including by obtaining any required regulatory approvals) using Verenium's technologies and timing for launching any commercial products and projects, the ability of Verenium and its collaborators to market and sell any products that it or they commercialize, the development or availability of competitive products or technologies, the future ability of Verenium to enter into and/or maintain collaboration and joint venture agreements and licenses, changes in the U.S. or global energy markets and laws and regulations applicable to them, and risks and other uncertainties more fully described in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's annual report on Form 10-K for the year ended December 31, 2008 and any updates contained in its subsequently filed quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof, and the Company expressly disclaims any intent or obligation to update these forward-looking statements.
Contacts:
Kelly Lindenboom Sarah Carmody
Vice President, Corporate Sr. Corporate Communications Associate
Communications 617-674-5357
617-674-5335 sarah.carmody@verenium.com
kelly.lindenboom@verenium.com
http://finance.yahoo.com/news/Verenium-and-VPP-Sign-prnews-4145194541.html?x=0&.v=1
hasn't been a problem so far
and even so......even if it gets a spike on news
that'll be a great time to short
and easy to cover later
I hope you don't get caught after market hours with DOE news when you are shorting...that could hurt. It's coming anytime now.
am way up from shorting and covering
definitely the way to play this one!
about 25% after the reverse split.
I'm down just 6%. How about yourself?
gotta love those Reverse Split Kiss of Death POS
Big Oil Looks to Biofuels
As low-carbon fuels get pushed, BP, Shell and others invest in alternatives
By GUY CHAZAN
The biofuels industry, hit hard by the global credit crunch, is getting a shot in the arm from a new source–the oil majors.
Among the oil companies, BP PLC and Royal Dutch Shell PLC have been the most active investors in the sector. But it's even beginning to attract more-conservative companies like Exxon Mobil Corp., whose chief executive, Rex Tillerson, once famously dismissed corn-based ethanol as "moonshine." Exxon announced in July it was investing $600 million in an algae-to-fuel start-up, Synthetic Genomics Inc.
"It was a major signal to the biofuels industry," says Bruce Jamerson, chief executive of Mascoma Corp., a producer of cellulosic ethanol, which is made from inedible plant materials.
Big Oil and biotech may seem an odd combination. Oil companies' profits are driven by traditional, fossil-based gasoline and diesel. Biofuels are alternatives that have a marginal market presence. So why switch to switchgrass?
The answer is the low-carbon policies now being put in place across the developed world. In the U.S., for example, the Renewable Fuels Standard mandates growth in annual sales of biofuels through 2022. The Department of Energy expects U.S. production of biofuels to increase from less than half a million barrels a day in 2007 to 2.3 million barrels a day in 2030. Inevitably, that will erode the oil majors' conventional business.
Choren Industries hopes to produce 18 million liters of biodiesel a year from wood residue.
"The oil companies…see a world of restrictions coming on high-carbon fuels, and they need alternatives," says Mr. Jamerson.
Making the Cut
The biofuels industry also is benefiting from a sharper investment focus among the big oil companies. For years, companies like BP and Shell had a scattershot approach, investing across the entire clean-energy spectrum. BP's chief executive, Tony Hayward, describes the company's initial policy as "a thousand flowers blooming all over the world." But last year, he says, the company began narrowing its investments down to those that it considers commercially viable and a good match with its existing business. Biofuels made the cut, in part because they fit nicely into the company's existing infrastructure of refineries, pipelines and distribution networks.
"Oil companies have a natural affinity for the biofuels business," says Katrina Landis, head of BP's Alternative Energy division. Combining their knowledge of how to produce and market transportation fuels with the potential of biotech start-ups creates a "very powerful partnership," she says.
Shell made a similar move, announcing in March that it wouldn't be expanding its wind and solar portfolio, and would concentrate instead on biofuels along with carbon capture and storage, or CCS, a technology to counter global warming by trapping carbon dioxide from the emissions of power plants and burying it deep underground.
Within biofuels, the majors have largely eschewed corn-based ethanol to focus on the next generation of fuels, which don't rely on food crops. They're mostly producing fuel from cellulose, the fibrous backbone of plants.
BP, for instance, has a joint venture with Verenium Corp., a maker of cellulosic ethanol. Chevron Corp. has one with lumber giant Weyerhaeuser Co. to make fuel from biomass such as switchgrass, a prairie grass native to the southeastern U.S. And Shell is working with Canada's Iogen Corp. to produce fuel from wheat straw, and with Choren Industries GmbH of Germany to make fuel from wood residue.
http://online.wsj.com/article/SB10001424052970204731804574386960944758516.html?mod=googlenews_wsj
lol! had the same reaction myself!
this stock is a money maker!
short sell it high and cover low.......wow
sometimes it pays to follow the sharks
"Looser EPA Regs Still Require Almost All Ethanol Producers to Get New CO2 Emissions Permits"
Actually, that sounds more like ridiculous (ok "loser") EPA Regs to me not "looser".
well if you shorted it when it was up
it's all good now.....
and on another note:
Looser EPA Regs Still Require Almost All Ethanol Producers to Get New CO2 Emissions Permits
Maybe we can get back to .70ish, I will buy a boat load.
Yes I agree, VRNM and SYNM will make we a ton of money!
Thanks, I agree. I'll be getting in tomorrow w/ a position. I think there is a lot of potential here w/ pending DOE news and the fact that oil is firming up and alternative "green" energy is going to be key to climate change legislation and as a solution to the economic recovery and sustainability of US and world growth.
Cheers!
Spartex
I think we hover from $4.50-$5.50 until doe news.
Supyoscn, I agree with all you said, but what do you think the downside is from the current pps. I am thinking it might go as low as 4.00 and at that point I will average down. I tend to think it will drift downward until people start getting a hint of the DOE news which could as you say be NOV-DEC.
thank supyoscn, u actually clarified a lot, I feel it as a very good long term investment.
To answer both questions....we should hear DOE news sometime in Nov-Dec. I have been in this stock since March and have done a ton of research. Back in the end of June the company announced they would be entering the DD phase, so I sent the IR an email asking how long this would take. They replied back with 4-6 months. Which would be Nov-Dec.
The main problem this stock has had recently is unfortunate moves they needed to make to be able to pass the DD phase. People are upset with the R/S because this lowers the possible % gain they could have had. With no R/S this stock could have went from .60 pre-RS to at least $2-3 dollars on DOE news. Now I expect us to hit $10-12 on DOE news...which is sitll very nice from current pps, but not what the longtermers expected. Also people are upset with the stock offering, but yet again this IMO was needed to complete the DD phase.
Lastly with BP as a partner VRNM gets instant credibility. With only a handful of Cellulosic ethanol public companies BP instanly makes VRNM the front runner. Government mandates is what makes this company so attractive in the far future. Cellulosic ethanol will be a major producer and we are part of that with this company! Add on top of this the very small float...which will be 11 million after the offering you have yourself a monster. People my balk but in 2-3 years after the first commercial plant is up and running I fully believe we will be a $30-40 dollar stock. Now to hold that long.......
jrussin, when the DOE is supposed to be assigned?
Allright down 30% and I still like the company. I am not too happy about all the moves management is making, but I guess a case can be made that they are clearing the way for a pps rise. What to do.........Do you think having BP as a partner increases our DOE loan guaranty and grant chances? That is one of the things that I am speculating on with this co.
Yeah...they overreacted, what the hell. And yeah, this company's pps is low as crap even with so much support from the big end.
I'm officially stepping down as Moderator....The company pissed me off to no end....it's inexcusable to have this many resources and have to do a Reverse Split to stay solvent. Pitiful.
Good Luck to All and I hope your Investments stay Green!!!
Over reaction was great today...picked up some shares at 4.84 and will ride to 10+ by the end of the year!
what a bleeping joke! this ceo should be fired right now!
why it is -25%?
what happened?
Yeap, will also be adding. Tim
I go my 5's early....this is some major overreaction! I will take it!
This is what I said back on Sept 10th. IT still holds true and the plan is being performed perfectly. Expect DOE news sometime in Nov-Dec. Be loaded before then...I expect to load the boat in middle to late OCT, at what I hope is in the 5's.
am thinking will be easy to cover some shorting even lower than $5
This is the best news VRNM has had in awhile and everything is coming together quite nicely. I hope people panic sell and I can pick some up at 5 bucks.
with dilution coming as announced today in the news....just use the IHub newslink
looks like this is a good one to short while the price is still up
Yes-I have never met a Reverse Split that I liked!
Can someone explain why Verenium is down?
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This board is for fundamental and technical discussion about Verenium Corporation, VRNM.
Verenium Corporation, formerly Diversa Corporation, is engaged in biomolecule discovery. The Company employs its enzyme discovery and evolution technologies to enable higher throughput and improved environmental outcomes. In addition to its internal and partnered research and development programs, the Company has a portfolio of commercialized enzyme products, as well as several late-stage product candidates. The Company's key areas of focus for internal product development are integrated solutions for the production of cellulosic biofuels, such as cellulosic ethanol, and specialty enzymes for biofuels, specialty industrial processes, and health and nutrition. It has formed alliances with companies, such as BASF, Bunge Oils, Cargill Health and Food Technologies, DSM, DuPont Bio-Based Materials, Syngenta AG, and Xoma, to complement its internal product development efforts. The Company has two inactive subsidiaries: Innovase LLC and TNEWCO Inc.
Verenium Corporation is a leader in the development and the commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as higher performance specialty enzymes for applications within the biofuels, industrial, and animal nutrition and health markets.
The Company possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of cellulosic ethanol from a wide array of feedstocks, including sugarcane bagasse, dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.
Verenium’s Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium’s world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes that act as the catalysts of biochemical reactions.
Verenium operates one of the nation’s first cellulosic ethanol pilot plants, an R&D facility, in Jennings, Louisiana and has recently entered the start-up phase at its 1.4 million-gallon-per-year demonstration-scale facility. In addition, the Company’s process technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima Kikai Co., LTD and has been incorporated into BioEthanol Japan’s 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the world’s first commercial-scale plant to produce cellulosic ethanol from wood construction waste.
Verenium and Marubeni are continuing to advance the commercialization of cellulosic ethanol projects utilizing Verenium’s proprietary technology in Asia with the opening of a three million-liter-per-year plant in Saraburi, Thailand. The cellulosic plant in Thailand is co-located with a facility that will produce ethanol from sugar-cane derived sucrose, which is widely abundant in the region.
Verenium Corporation Verenium Corporation Verenium Biofuels, LLC
55 Cambridge Parkway, 8th Floor 4955 Directors Place PO Box 389
Cambridge, MA 02142 San Diego, CA 92121 11107 Campbell Wells Road
TEL: 617.674.5300 TEL: 858.526.5000 East Highway 90
Jennings, LA 70546
TEL: 337.785.4500
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The plant will make ethanol from energy cane, a variety of sugar cane bred specifically for ethanol production.
Verenium owns a robust intellectual property portfolio with patents covering our key technologies in the discovery, optimization, production and use of novel protein-based products. In addition, we maintain numerous composition of matter patents covering our novel enzyme products and product candidates. Verenium currently has over 300 issued patents and over 400 patents pending (as of June 2008).
Selected Patents
5,939,250 Production of enzymes having desired activities by mutagenesis. 5,958,672 Protein activity screening of clones having DNA from uncultivated microorganisms 6,001,574 Production and use of normalized DNA libraries 6,168,919 Screening methods for enzymes and enzyme kits 6,171,820 Saturation mutagenesis in directed evolution 6,280,926 Gene expression library produced from DNA from uncultivated microorganisms and methods for making the same 6,344,328 Method for screening for enzyme activity 6,455,254 Sequence based screening 6,537,776 Synthetic ligation reassembly in directed evolution 6,632,600 Altered thermostability of enzymes
Verenium Facilities
Located on a 140-acre company-owned site are Verenium’s Pilot and Demostration-scale plants.
Pilot Plant:
Verenium operates a cellulosic ethanol pilot plant, a real-time research and development facility, in Jennings, Louisiana. Opened in 1999, the facility was capable of CF hemicellulose fermentations. During 2006 the company completed extensive upgrades on the pilot facility, enabling it to conduct combined C5 and C6 fermentations. The Jennings pilot facility is capable of processing approximately two tons of biomass per day into ethanol. It is operated as an R&D facility to improve the company’s process technology and to validate the company’s process on a wide variety of biomass feedstocks.
Demonstration Plant:
Next door to the pilot facility, Verenium has recently achieved mechanical completion of a 1.4 million gallon per year demonstration-scale plant - the first of its kind in the nation. Over the next few months, more than forty separate systems will be electronically energized. Operating teams have begun evaluations, and the project will move to validate the implementation of Verenium’s process and technology. By year-end, Verenium will move to fully optimize the demonstration plant.
Commercial Projects:
Preparations are being made for Verenium’s first commercial-scale facilities, which are expected to produce 30 million gallons of ethanol per year. With the optimization of Verenium’s pilot and demo plants, the commercial plant development program is underway. Currently, a variety of sites are being explored for plant development in Florida, Louisiana, and Texas.
Osaka, Japan:
In addition, the Company’s process technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima Kikai Co., LTD and has been incorporated into BioEthanol Japan’s 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the world’s first commercial-scale plant to produce cellulosic ethanol from wood construction waste.
Developing A Pipeline of Commercial Projects Implementing First-Generation Cellulosic Ethanol Technology
Verenium is advancing the strategic development of a pipeline of sites in the Gulf region of the U.S. for its first series of commercial facilities.
Verenium’s Commercial Development team is actively working on developing a series of projects for 30 to 60 million gallon per year commercial-scale cellulosic ethanol facilities in the US Gulf region. Ultimately, the Company plans to expand its development globally, however, its initial focus is in the Gulf region, given the proximity to areas with strong growing conditions for high biomass dedicated energy crops and in some cases sugarcane bagasse.
As projects are being developed, critical areas of activity will focus on site feasibility, permitting, feedstock supply agreements, other commercial agreements, and financing. The current projects that the Company has under development in the Gulf region have the following key attributes:
Energy crops and sugar cane bagasse feedstocks
Local agricultural partners
Good logistical interfaces
Potential options for co-locating with other facilities
Partnerships are key
As the Company continues to develop commercial projects, bringing partners into the mix will be a critical component of the overall strategy. The goals of these partnership arrangements will be to bring additional, specialized skills into the value chain, particularly in the areas of agronomics, engineering and construction, and marketing / off take as a means for helping to both de-risk and accelerate the development of each project.
Verenium expects to continue to advance a pipeline of multiple sites, and to have its first commercial plant ready for construction by the middle of 2009.
ThinkEquityLLC Audio:
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Videos:
http://www.youtube.com/watch?v=itgtacaM_dM
http://www.youtube.com/watch?v=EkrvYfwVaLw
http://www.verenium.com/_about_verenium.asp
New Secretary of Energy on cellulosic ethanol:
http://www.youtube.com/watch?v=V448U2SYU7U
http://www.youtube.com/watch?v=m7RkwcpejAQ
Power Point Presentation:
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