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GEVO Secures US Patent for Ethanol-to-Olefin Process; Shares Rise
Gevo ($GEVO) said Monday it received a patent from the US Patent and Trademark Office for its process of using certain proprietary catalyst combinations for converting ethanol into olefins.
The process helps make three and/or four carbon olefins in addition to ethylene from ethanol in a single step with a "high degree" of selectivity and control, the company said.
Shares of Gevo rose 13% in recent trading.
Price: 1.32, Change: +0.15, Percent Change: +12.82
$GEVO
Source: MT Newswires
I haven’t been holding for a long time, but still support you guys. This could be the new trip to $10. Previously it pump often in after hours, squeezing the shorts.
Seems like the same thing might be happening if I look at the after hours trading
Those days we went up for percentages of 10-25 each day for weeks. Could happen again.
100% true!
Haha…I hope the squeeze will last for you. Long time no see
Hi peeps, what’s up here. Just checking in to see if there’s still live here. Sorry, not looking to get a position. Just checking on the old fam.
There were days when price action like this resulted in so much bullishness in chat. I just checked on it to see for a colleague what’s going on. But the chat seems dead. How come?
Thanks for your reply. I’ve made it well through the COVID period, though financially it all was better before. But so was before the war in the Ukrainien. But no complaints here.
Nice to hear there’s still some hope around here. But I guess indeed even misery can be addictive LOL.
Ever heard of that BS of a Harry again?
Noticed it was still trading indeed, still better then nothing like with Bitzio
Just checking in..how is it going? Still holding on?
Thanks once again!
Thanks to the person who aswered to me in a PM. I’m unable to reply in private. But it’s clear to me now.
What makes me wonder, is what’s in it for the institutional investors who got into thus deal?
Wouldn’t they normally get a discount on a offering? Or receive warrants to buy shares at a discount as an extra to the deal?
It doesn’t make much sense to me why they would even pay a higher price. They should have known the price would go lower after the offering.
It seems like I’m missing something.
Ah ofcourse
"GEVO today announced that it has entered into definitive agreements with several institutional investors for the purchase and sale of an aggregate of 33,333,336 shares of common stock, and accompanying warrants to purchase up to an aggregate of 33,333,336 additional shares of common stock, at a public offering price of $4.50 per share and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules. The warrants have an exercise price of $4.37 per share, are immediately exercisable upon issuance and will expire five years following issuance.”
“The gross proceeds from the offering are expected to be $150 million, prior to deducting placement agent’s fees, advisory and other offering expenses payable by Gevo and assuming none of the warrants issued in the offering are exercised for cash.”
So it is about 66,666,672 shares, representing $150 million dollar.
150,000,000 / 66,666,672 = 2.25 per share? Or am I seeing this wrong?
Ok, thanks!
What’s the thing with the googke deal? Is it announced to soften the pain?
Ah ok, thanks for answering
What’s the reason for the drop?
I'm ashamed, but I must admit I got out yesterday at 11.25 in the morning dip. I had set a stoploss because I wanted to secure my profits after all the drops lately and I was afraid this would drop below $10. It was giving me sleepless nights.
I was wrong to get out that soon (again). I didn't put in a buy order, since I did reinvest in a couple less volatile stocks. I really needed to sleep better, but I'm really sorry for myself I didn't stay in longer. I still believe in $GEVO
Maybe I will be back another day. I wish you guys all the best here and thanks for your advise along the way.
Over $12 again on nice volume.
Strong hands are holding on to $GEVO if they keep that up, we will see $15 soon
Chart is looking nice today. Little selling and buying volume. It seems that the first one who blinks looses. By looking at the chart I would say the sellers loose over and over again. I think we are up for 11.50 today. If that is our close, we might see some nice AH activity setting up for tomorrow.
They just generated 350 million dollars to expand. No this isn’t a WSB stock
I hope $GEVO will come with a nice PR soon. For instance about buying the site for the expansion project.
Done it!
We’ve had better days. Any predictions for tomorrow?
Can we move up towards the weekend?
It seems to me that a close around $13 would keep the uptrend intact for $GEVO
Yes indeed. No response to biden signing. However if there is a correlation between the $GameStop activity the chart might show it.
GameStop first dropped after the higher opening. At its low, $GEVO was at its high. Then people started to buy GameStop again and GEVO dropped.
So it might be they took there money out for a moment to get into GameStop again for another ride.
Future is looking very bright. Billions will be invested in the growth renewable energy
Frances arnold is named as top scientist
Great! Millions from fossil fuels to carbon free fuel production jobs
okay, thanks!
Any recommendations on where to read about his actions? I’m overseas
Expectations on news about environmental measurements?
Also a question, Trump did put a new EPA chief in charge. Is Biden going to put his own guy or woman there?
One of the videos I saw on GEVO about today’s expectations mentioned the GameStop action as potentially causing the smaller volume yesterday. It seams that GameStop is cooling down, so the volume might increase again if that is what also caused the drop
Ah... didn’t see the volume, just saw the chart climbing up. Well hopefully it pays of here. I had some luck with my latest investment with the money I took here.
I invested $GEVO. They had a few crazy weeks with over a 1000% ROI. reminding me of the time we knew here at $GERS when the speculation was at its highest.
Now however the price seems to be dropping there, so I’m getting a bit nervous LOL
Still on watch here. I surprised how nice GERS is trading lately... seems you all might have a winner!
Interesting video on $GEVO especially from 4.48 minutes forward until the end:
Somehow I wouldn’t mind a couple of days less volatile. Making a nice bottom at these levels, waiting for some news to start the next run.
Why all the posting on this board about ALLM? Beside they might belong to the competition, it doesn’t have anything to do with $GEVO unless they merge, or am I mistaken?
I hope the shaking is over... getting seasick here LOL