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Crop looks nice and green in this photo from early April according to when it was posted. Found it while browsing around FB.
http://zyxk.com/images/ceres.jpg
May the force be with us! I have 15 myself and in for the long haul up
If the price was related to how strange it has been trading with no comments from management we would all be happy imo.
Can't acuse management of being pumpers.
I would agree and here is another tidbit of news.
http://www.bio-itworld.com/2014/4/25/persephone-real-time-genome-browser.html
and then there is the unknown secret.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95912162
Showing up more in the news.
http://www.truman.com.br/htm/noticias/display_noticias.php?aku=Y29kaWdvX25vdD0xMzk4MzY0MDI2JmRhdGFfbm90PTIwMTQwNDI0MTUyNyZzZXRvcl9ub3Q9QcdVQ0FSLcFMQ09PTA==
Plants prefer ethanol and sugar production should back 5% this season (15:27 - 04/24/2014)
Even with the reduced supply of cane in the center-south in the 2014/15 season, which begins this month, ethanol production will have a slight increase of 1.2% to 25.87 billion liters. This increase can only be due to a significant drop in sugar production, which this time will be sacrificed. production of food should fall 5.2% to 32.5 million tons, according to Unica (the cane sugar industry), which yesterday released its first estimate for the new crop. Preference for alcohol is motivated by price. According to Antonio de Padua Rodrigues, technical director of UNICA, the sugar prices in the futures market and the price of ethanol in Brazil indicate that biofuel will provide greater return. Unica's numbers confirm the damage that the drought occurred between the end of 2013 and the beginning this year led to the cane fields. The amount of cane harvested per hectare should fall 8%. With the fall in agricultural incomes, cane crushing is expected to decrease 2.8% from the previous season, to 580 million tonnes. According to Unica, lower productivity the field was partially offset by a 5% increase in the area available for harvest. But this is not good news. Apart from the increased availability bisada cane, which has not been processed in the previous crop, the expansion in the area reflects a lower rate of renewal of sugarcane, which may have future consequences. According Padua, the trend is that the average age of sugarcane increase in 2015 causing negative impacts on crop yield of the next crop. opportunity Drought can open doors for sweet sorghum for ethanol production, says André Franco, president of Brazil in multinational seed Ceres. Alternative mills can opt for planting of sweet sorghum for offset the decline in agricultural productivity of sugarcane in the next harvest, which also would have compromised in some areas after the drought this year, says Franco. recalled Exports of beef and poultry to the Arab countries reached nearly $ 1 billion in the first quarter , according to the Chamber of Commerce Arab Brazilian. The meat shipments lead to the region, with 30% share of the total. Source: Folha de S. Paulo
Translation from a post on the CANA online facebook page from yesterday
Ceres Sementes do Brasil - Assessoria de Imprensa
NEW ENERGY SOURCES, hybrid BLADE ® RAISE ETHANOL PRODUCTION, cogeneration and heat Company emphasizes that the vintage 2013/14 of culture of sorghum, in progress, will reveal advances in Agronomy and management on adaptation of hybrids to different production environments Piracicaba (SP) – the company Ceres seeds of Brazil, a subsidiary of North American Ceres Inc., is completing 4 years of Brazil and gives progress until next May to its first commercial crop of hybrids of sorghum and sorghum saccharin high biomass inputs Blade ® brand.
Holds one of the largest genebanks in the world, the Ceres invests heavily to consolidate their hybrids as new energy matrices for the production of ethanol and biomass energy in the country.
According to the agronomist Andre Franco, who about a year ago took over the General management of Ceres, Brazil more than 50 companies in the sugar ethanol sector joined the cultivation of sorghum hybrids saccharin Blade ®, whose industrial processing in plants occurs in the off season of sugarcane. These hybrids, therefore, emphasizes the Executive, work as a complement and not replace the sugarcane.
Saccharin sorghum hybrids have been tested for three years in Brazil, by large and medium-sized power plants, in addition to the production of ethanol and cogeneration of energy using bagasse (similar to sugar cane bagasse). The Blade ® hybrid of high-biomass sorghum arrived recently at crops. Is intended for the production of biomass for cogeneration of electricity and heat generation.
When it comes to ethanol, a projection of the consulting firm Datagro-disclosed recently by a news agency-indicates that the culture of sorghum saccharin can add to the numbers of Brazilian energy industry annually, a volume set between 3.5 million and 5 million liters of biofuel per hectare. Nowadays, this ratio would be equivalent to an increase of 5 billion liters of ethanol on the market – the national production is around 25 billion liters/year.
In relation to the high biomass hybrid BLADE ® already marketed by Ceres, Franco notes that the product presents today 23% of fiber in its composition and a potential average productivity up to 42 tonnes per hectare to 50% humidity. "Its calorific value has been shown to be equal to or greater than the sugarcane bagasse", emphasizes the Executive.
Other benefits of BLADE ® high biomass, says Franco, reside on the average cost of production – today more attractive than average of sugar cane bagasse during crop-and humidity: biomass sorghum reaches 50% humidity while still in the fields. Therefore, unlike the cane, which measures demand for storage and treatment of bagasse, sorghum can be harvested and taken directly to the boiler or also be stored.
Vintage 2013/14 – according to the breeding area of Ceres Brazil harvest underway are expected in promising results different regions of the Country, as the indicators of production of ethanol per hectare cultivated with sorghum hybrids saccharin Blade ®.
The high-biomass sorghum harvest also walks favorably. According to the company, tests and researches point, including, be excellent market potential to extend the use of hybrid Blade ® plus: food industries plants, citrus fruit, cold storage and grain, for example, among other employing biomass as a source for heat and power generation.
The reproductive cycle of sorghum is on the order of 100 to 150 days. Exactly happens in the off season of sugarcane. The coincidences between these plants, by the way, are surprising: both rely on excellent energy potential resulting from the accumulation of sugars, for example. The equipment used in the processing of sugar cane, the harvest and on industrialization, are virtually the same as are necessary for the management of hybrids of sorghum.
"The remarkable progress already recorded in knowledge coupled to management techniques, as well as to our soil and climate characteristics of sorghum hybrids, strengthen the confidence of Ceres in your business strategy that is underway in Brazil", concludes André Franco.
More about Ceres Ceres seeds of Brazil (www.ceressementes.com.br) is a biotechnology company that develops and markets seeds of agricultural crops to produce biofuels and bioenergy for use in transportation, generation of electricity and heat generation. The company unites the advanced breeding and biotechnology to provide cutting-edge technological solutions to limit the supply of feedstocks for renewable energy.
Foundation: United States-Thousand Oaks, California – in 1996 Brazil Operation: 2010 Headquarters: Campinas-SP (since March 2014).
Research Unit/Experimental Station: Centralina (GO) Chief Executive: Andre Franco Marketing Manager: Marcelo Gullo Marketing Coordinator: Ricardo Somazz Kings origin: USA finance: listed on American Stock Exchange Nasdaq (high-tech companies).
Spokespeople/press: André Franco (corporate) and Marcelo Gullo (hybrids, genetic improvement, management and development of culture).
Ceres Seeds: top executives Andre Franco position: General Manager prior to joining Ceres, Andre Franco played several leading roles in his 21-year career at Monsanto do Brazil, including sales, marketing, brand strategy and distribution, business units, human resources, product licensing, as well as in the introduction of biotechnology in crops of soybeans, corn and cotton. An MBA from Fundação Dom Cabral and executive development program at the Kellogg School of Management, Northwestern University. He is an agronomist graduate of ESALQ-USP.
Wagner Seara position: Sales Manager Wagner Seara began his career in Switzerland Syngenta company. He remained in the company for 21 years until you get to Ceres, having occupied leadership positions in Marketing and sales division of seeds. Was product manager for corn in the South and Savanna, soybean/cotton marketing manager and regional sales manager. For the past eight years acted as Global Key Accounts for Latin America and Brazil in seed treatment market. Seara is agricultural engineer from Unesp, Jaboticabal (SP). It also has an Executive MBA (Dom Cabral Foundation) and MaSe Academy Program (Insead/France).
Marcelo Gullo position: Manager of Marketing and business development Marcelo Gullo is agronomist degree from Escola Superior de Agricultura Luiz de Queiroz, the USP, Piracicaba, with master's degree completed at the same institution. Previously, he worked in the CTC-Center for sugarcane technology and also in the Valley.
José Marcelo Rocha position: production manager José Marcelo began his career in the area of agrochemicals. He worked for 6 years in companies Milenia and Rhodia Agro (now Bayer), commercial areas, product development and marketing. Accumulates over 16 years of experience in the field of seeds, in supervisory functions and quality management, and production-production research on crops of maize, sorghum and rice. Worked in various units of the companies Monsanto do Brazil, Ricetec, Syngenta and Ceres, with a focus on increased productivity, profitability and improving the physical and physiological quality of seeds. Is an agronomist graduate of the UFV (Federal University of Viçosa), in 1992. This University was honored for his academic performance. It also has a graduate degree in Production and technology of seed by UFLA (Universidade Federal de Lavras) and MBA in business management from FGV (Fundação Getúlio Vargas).
Glauco Miranda position: improvement and Experimental Station Manager Glauco Miranda is an agronomist, Ph.d in genetics and improvement from the University of Illinois, USA. He was an associate professor at the Federal University of Viçosa for 10 years. Guided dozens of Master students, doctoral candidates and approved international research projects, published 150 scientific articles and books. At the same institution initiated the activity of Improvement and Biotechnology of maize. Licensed lineages and launched three cultivars of the grain. He also worked as a plant breeder-the leader in hybrid rice breeding in South America, consolidating the technology and leading the construction of a broad portfolio of hybrids.
José Geraldo de Abreu e Sousa Junior position: technology and development manager José Geraldo began his career in the company Syngenta, Switzerland in the area of crop protection. He worked for six years in the sugar cane Technology Center (CTC) in the Department of research and development, focused especially in production environments nominated, varietal, allocation and conservation tillage of soils. Degree in computer science and agricultural engineering by Universidade de Brasília (DF), has a master in soils and Plant Nutrition with a focus on Remote Sensing by ESALQ-USP.
André da Rocha Creatini position: Controller André Rocha has over 30 years of experience in the financial market, occupying positions in administrative, accounting/fiscal areas and informatics. Worked as external auditors in the company Ernest & Young, in projects of high relevance for large Brazilian groups such as Gerdau, Innova S.A., Vale do Rio Doce and Caterpillar Brazil. Actively participated in projects of "start-up" companies, focusing on the administrative areas and financial structuring, financing (BNDES and IFC) and the deployment of different ERP systems (SAP, Oracle, JDEdwards). Formed by PUC-RS, in accounting, has post-graduate in management accounting from the Federal University of Rio Grande do Sul, as well as in overall quality in the area of services for the Lutheran University of Brazil. His resume also includes an MBA in Accounting from the University of São Paulo. Participates as a partner in the ANEFAC: National Association of Finance executives.
Anyone see this?
Frustrating none the less. Keeping mine and seeing what plays out. Lots of promise and it will be interesting to see them execute. So far they appear to be making the right decisions imo.
No doubt, plenty of selling and no buying pressure and management that does not seem to care about the PPS even thought they just raised lots of cash from the offering. Something shifty going on if you ask me....
I agree, no shockers in this one. Let's see it moving up since sitting under a buck for much longer will not be good.
I would like to believe there is a bigger play here. They are trading lower than the cash value I think, tremendous ip, short interest dropping in March.
Are they trying to push out any retail investors, not that there are many of them?
They could be gobbled up in a heartbeat by Monsanto or Syngenta.
Riding it out one way or the other with my shares.
GLTA
Translated from a post on their Brazilian Facebook page.
CERES NEWS | Effect of drought on sugarcane opens prospects for sorghum hybrids next season
Sweet sorghum and high biomass sorghum plants may help to decrease losses before the scenario likely to fall in sugarcane productivity
Season 2013/14 crop sorghum reveal advances in agronomic management and research of hybrids adapted to different production environments , executive says
Piracicaba ( SP ) - The effects of the dry and hot climate of the South-Central region of Brazil should also be felt in the second half of this year by companies in the sugarcane industry , according to preliminary analyzes of meteorological institutes . Given this situation , experts anticipate that the season 2014/15 of cane sugar could have compromised their productivity before a likely decline in milling .
In recent days, Datagro estimated that the grinding of cane sugar in the Center-South of Brazil will total 574.6 million tons next season , which starts in April . The amount is less than 3.6% No 2013 /14 ( 596.2 million tons ) period. According to Datagro , the drought is the direct cause of the prospect of reduced supply of raw materials , which will therefore below the 615 million tonnes previously provided by Unica - the Union of Sugar Cane Industry - in Cycle 14 / 15.
For Ceres Seeds Brazil , a subsidiary of American Ceres, Inc. , the unexpected scenario outlined for sugarcane reinforces the need for the sugarcane industry companies seek new and alternative technologies to expand its ethanol production and energy .
Holds one of the largest germplasm collections of energy crops in the world , Ceres introduced in Brazil and develops a portfolio of hybrid sweet sorghum and high biomass sorghum hybrid , distributed under the BLADE ®.
Sweet sorghum hybrids have been tested for three years by major mills and partners Ceres in the country for production of ethanol in the offseason of cane sugar. Your bagasse , as with the cane , is also used in the boilers of these units for cogeneration of electricity .
Have the high biomass sorghum intended for the production of biomass for cogeneration as to generate heat . This hybrid recently reached the fields and has proven to be an economically attractive option for sucroenergéticas mills , and other industries that use biomass boilers , according to Ceres .
According to the general manager of Ceres Brazil , André Franco , certain obstacles have prevented the sorghum crop to establish more broadly in the ' start ' of the business in 2010 . However, the degree of knowledge associated with the local agronomic management and adaptation of hybrids to different production environments are being overcome harvest after harvest.
Franco points out that in the culture that is ongoing harvest promising results are expected in several areas , for example in regard to indicators of ethanol production per hectare on sorghum Blade ® . He prefers at this time, not to deal with numbers. Remember that the harvest of these hybrids begins in November and ends in April and May , just in the off season of sugarcane .
A projection of Datagro consultancy recently released by a news agency , states that the culture of sweet sorghum can add to the numbers of the Brazilian sugarcane industry a volume within 3500 and 5000 liters of ethanol per hectare per year , which would today an increase of 5 billion gallons of biofuel to domestic production, which is of order 25 billion liters annually .
Regarding the high biomass hybrid BLADE ® now marketed by Ceres , Franco notes that the product today has 23 % fiber in its composition and potential average productivity of up to 42 tonnes per hectare at 50 % moisture . " Its calorific value has proven less than the bagasse from cane sugar," emphasizes the executive .
Other benefits of BLADE ® high biomass , says Franco, reside in the average cost of production - today more attractive than the average of bagasse during the crop - and humidity : sorghum biomass reaches 50 % moisture while still in the field. Therefore , unlike sugar , which measures demand for storage and treatment of bagasse , sorghum can be harvested and taken directly to the boiler or it can be stored .
The general manager of Ceres adds that for these features - together with the upward trend in the cost of power generated by hydroelectric and thermal - in the coming seasons culture hybrid BLADE ® high biomass will be positioned for use in the food sector , refrigerator , citrus and in the grain industry, among others employing biomass as a source to generate heat and energy .
André Franco also said that the consolidated data of sorghum harvest in progress will be known only in the second half of this year . However , it added, an overview of the development of hybrids of sweet sorghum and high biomass sorghum BLADE ® - and earlier this season - allows to foresee a future of growth.
" The remarkable progress already checked the trailer on knowledge management techniques , as well as to the ecological characteristics of our hybrid sweet sorghum and high biomass sorghum , strengthen the confidence of Ceres in your business strategy that is ongoing in Brazil ," concludes Franco .
You would think that with all of this they would be trading higher than we are right now. Didn't even know they were into software.
http://www.ceres.net/Technology/Tech-Ovw.html
...and looking for a tech writer.
You will ensure accuracy, readability, and completeness of technical documentation, while effectively articulating the features and corresponding benefits for our genomics software products to a technical and non-technical audiences.
http://www.ceres.net/AboutUs/AboutUs-Careers-Jobs.html
Looking more like a tax loss than gain now.
We will find out soon and so far no good news has leaked out...
THOUSAND OAKS, Calif., April 3, 2014 /PRNewswire/ -- Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology and seed company, today announced that it will report financial results for the second quarter of fiscal year 2014 on Thursday, April 10, 2014 after the close of the market. The company has scheduled a webcast and conference call for 4:30 p.m. EDT (1:30 p.m. PDT) to discuss its fiscal second quarter results and to provide an update on its business.
VP acquired some more....
http://ih.advfn.com/p.php?pid=nmona&article=61601616
That's putting it nicely. Ugh
Guess Ceres is a common name now. Saw this yesterday and while we wait figured I would post it. Other than the use of Ceres in the name it means squat.....
Monsanto forms Preceres LLC to develop ag biologicals
http://www.agprofessional.com/news/Monsanto-forms-Preceres-LLC-to-develop-ag-biologicals-252009861.html
It would be nice if they would or if the technology could help grow it.
http://biodiesel.engr.uconn.edu/research.html
Has anyone googled "ceres seeds mmj" ? Looks like there is a Ceres in the business already, unrelated, but what a coincidence.
Since this looks like it was written before the additional shares were priced I wonder if they still feel it is a best stock for 2015. Interesting reading though
http://www.topstocksforum.com/best-new-stocks-to-buy-for-2015.html
Best New Stocks To Buy For 2015: Ceres Inc (CERE)
Ceres, Inc. (Ceres), incorporated in March 1996, is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks that can enable the large-scale replacement of petroleum and other fossil fuels. The Companys large-scale commercial products are sweet sorghum varieties that can be used as a drop-in feedstock to extend the operating season of Brazilian sugarcane-to-ethanol mills. Its products include sweet sorghum, high biomass sorghum, switchgrass, miscanthus and row crops Its energy crops can also be used for the production of second-generation biofuels and bio-based chemicals, including cellulosic ethanol, butanol, jet fuel, diesel-like molecules and gasoline-like molecules, from non-food biomass. Baseload utility scale electric power can also be generated from the biomass feedstocks grown from its seeds. Ceres has started marketing sweet sorghum seeds in Brazil and has sold switchgrass and high biomass sorghum seeds in the United States u nder its brand, Blade Energy Crops (Blade). In January 2010, the Company incorporated a subsidiary, Ceres Sementes do Brasil Ltda.
The Company generates its revenues from government grants, research and development collaboration agreements and from product sales. Product sales primarily consists of sales of seeds. Collaborative research revenues consist of payments for research and development activities for specific projects. Government grant revenues consist of payments from government entities. Ceres markets its seeds and traits directly to ethanol mills, utilities, independent power producers, cellulosic biofuel companies, individual growers and grower cooperatives. It also works with technology providers and other market participants, such as equipment manufacturers and enzyme or fermentation technology companies. The Company markets its products to biorefineries and biopower facilities.
Ceress activities in cellulosic biofuels encompass a r ange of activities, including field trials, co-evolution agr! eements, and commercial sales. Its products have been tested in the conversion processes of EdeniQ, Inc., Choren USA LLC, Gruppo M&G, ICM, Inc., and UOP, LLC (a Honeywell company), among others. The Company has also conducted joint trials with, or sold seed to, AGCO Corporation, EdeniQ, Inc. and Hawaii BioEnergy, LLC, among others. It has begun collaboration with Valero Services, Inc. to further evaluate feedstock supply strategies with energy crops. Ceres also works with refining technology companies to optimize feedstock for their refining processes. These collaborators include Novozymes North America, Inc. and ThermoChem Recovery International, Inc.
Drop-in Products
The Companys products are drop-in solutions as they can be planted, harvested and processed using existing agricultural equipment with little or no modification and are being developed to be drop-in for all conversion technologies using sugarcane or biomass feedstocks, facilitat ing their rapid adoption. In collaboration with Boa Vista/Nova Fronteira, which is a joint venture of ethanol producers Grupo Sao Martinho, S.A. and Petrobras Biofuels, the Company has completed a commercial-scale trial on approximately 250 hectares of its sweet sorghum, which was planted and harvested using existing planting and harvesting equipment, fermented into ethanol without retrofitting or altering the existing mill and the remaining biomass combusted for electricity production, using existing boilers. It has also conducted smaller trials using its other energy crops with numerous industry participants engaged in cellulosic biofuels and biopower production. The Companys products have been tested in the conversion processes of Amyris Biotechnologies, Inc., Choren USA LLC, EdeniQ, Inc., Gruppo M&G, ICM, Inc., Novozymes North America, Inc., ThermoChem Recovery International, Inc. and UOP, LLC (a Honeywell company), among others. DuPont Danisco Cellulosic Ethanol LLC (DDCE) also plans to validate the Companys products in th! eir conve! rsion process.
Sweet Sorghum
Sweet sorghum is a type of sorghum that accumulates free sugars in its stalk. It is sown by seed, and requires less water and nitrogen fertilizer to grow to harvestable maturity. Sweet sorghum plants can be harvested in 90 to 140 days after sowing. Because sweet sorghum is an annual crop, multiple harvests or crop rotations may be possible during the season.
High Biomass Sorghum
High biomass sorghum is a type of sorghum, which is primarily developed for biomass yield. As such, high biomass sorghum is suited for the generation of renewable electric power and the creation of cellulosic biofuels. High biomass types are seed propagated, and requires less water and nitrogen fertilizer. As an annual crop, sorghum is harvested the year it is planted. This provides bioenergy facilities with a growing and flexible source of biomass, and a complementary feedstock to perennials, such as sugarcane or switch grass. The Companys ES 5200 and ES 5201 products contains its Skyscraper trait. These hybrids, developed through its partnership with Texas A&M University, are designed for single-cut production systems.
Switchgrass
Switchgrass is a perennial grass indigenous to North America that offers high biomass yield potential. It requires less water and nitrogen fertilizer, and can grow under semi-arid conditions. Switchgrass is seed propagated. As a perennial, switchgrass is not harvested for sale during the first year when the crop is being established. A properly managed stand of switchgrass may persist for a decade. During the year ended December 31, 2010, it introduced three products: EG 1101, EG 1102 and EG 2101. These high-yielding varieties is developed through its partnership with The Samuel Roberts Noble Foundation.
Miscanthus
Miscanthus x giganteus is a tall perennial grass that grows well in cooler climates. It is veg etatively propagated. It has been used as an energy crop on ! a small s! cale across Europe. The Miscanthus genus includes several perennial species that has energy crops. The variety adopted in the United States and Europe, miscanthus x giganteus, is a sterile hybrid of M. sinensis and M. sacchariflorus. This miscanthus hybrid requires about the same water as corn, but up to two-thirds less nitrogen depending on crop management practices. As a perennial crop, miscanthus is not harvested for sale during the first year when the crop is being established. Ceres is also working on extending the region of adaptation. To these ends, the Company is collaborating with the Institute of Biological, Environmental, and Rural Sciences of Aberystwyth University in Wales, the United Kingdom.
The Company competes with Advanta India Limited, The Dow Chemical Company, Monsanto Company, Pioneer Hi-Bred (DuPont), KWS and Syngenta.
Advisors’ Opinion:
[By Roberto Pedone]
Another renewable energy player that looks ready to trigger a big breakout trade is Ceres (CERE), which sells seeds to produce renewable biomass feedstocks that can enable the large-scale replacement of petroleum and other fossil fuels. This stock has been hammered by the bears so far in 2013, with shares off sharply by 66%.
If you take a look at the chart for Ceres, you’ll notice that this stock has just started to trend back above its 50-day moving average of $1.45 a share with heavy upside volume flows. Volume so far today has already registered over 1.15 million shares, which is well above its three-month average action of 670,538 shares. This spike back above its 50-day is now quickly pushing shares of CERE within range of triggering a big breakout trade.
Traders should now look for long-biased trades in CERE if it manages to break out above some near-term overhead resistance levels at $1.67 to $1.68 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 670,538 shares. If that breakout hits soon, then CERE will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.50 a share. Shares of CERE could even tag $3 if this breakout triggers with strong volume.
Traders can look to buy CERE off any weakness to anticipate that breakout and simply use a stop that sits right below $1.40 a share. One could also buy CERE off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
[By James E. Brumley]
Despite the fact that markets are right around breakeven levels for Wednesday, there are relatively few stocks that are up today, and even fewer that are up on strong volume. For the NYSE, 54% of its listed equities are in the red this morning, and 58% of the total volume seen so far has been bearish volume. That’s what makes Ceres Inc. (NASDAQ:CERE) so interesting early Wednesday. As one of the few tickers that’s not only up, but up on higher volume, CERE is a standout worth a closer look. And, that closer look reveals something even more compelling about the way things are coming together for this small cap stock.
[By Maxx Chatsko]
Shares of energy crop developer Ceres (NASDAQ: CERE ) surged more than 100% from the opening bell Monday to early trading on Thursday. In fact, over one-third of the total outstanding shares traded hands on Thursday. Even with the move the company is trading for “only” $100 million. With some of the biggest names in industrial biotech on its side — such as Syngenta (NYSE: SYT ) , Petrobras, Amyris, Valero, Novozymes, Gruppo M&G, and Mascoma, to name a few — this must be a good buy right? Not so fast.
While we are waiting....
http://farmindustrynews.com/bioenergy/alternative-crops-more-just-biofuel
Same here, added 3k more. Sink or swim time.
Here is the filing from the other day and it looks like they have 8M shares now give or take. Looks like they have something in mind and hopefully not of nefarious nature.
http://ih.advfn.com/p.php?pid=nmona&article=61428468
The Artel group that just bought 4M shares @ a buck the other day hopefully know more than I do.
and now this from the meeting:
http://ih.advfn.com/p.php?pid=nmona&article=61411758
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 7, 2014
CERES, INC.
(Exact Name of registrant as Specified in its charter)
Delaware 001-35421 33-0727287
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
1535 Rancho Conejo Boulevard
Thousand Oaks, CA 91320
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (805) 376-6500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
(a) On March 7, 2014, Ceres, Inc. (the “Company”) held its 2014 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders approved an amendment (the “Charter Amendment”) to the Company’s Amended and Restated Certificate of Incorporation to decrease the number of shares of authorized common stock of the Company from 490,000,000 to 240,000,000. The Company filed its Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate”) with the Secretary of the State of the State of Delaware on March 11, 2014 with an effective date of March 11, 2014. The foregoing description of the Charter Amendment is qualified in its entirety by reference to the full text of the Certificate, which is attached hereto as Exhibit 3.1 and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
There were present in person or by proxy at the Annual Meeting stockholders holding 20,773,927 shares of common stock of the Company, representing 82.4% of the 25,204,602 shares entitled to be voted at the Annual Meeting, thereby representing a quorum.
The final results for each of the matters considered at the Annual Meeting were as follows:
Proposal I: Election of Directors
Each of the nominees for director listed in the Proxy Statement were elected to serve until the Company’s 2017 Annual Meeting or until his successor is elected and has been qualified or his earlier resignation or removal, by the votes set forth in the table below.
DIRECTOR NOMINEE FOR WITHHELD BROKER
NON-VOTE
Richard Flavell 13,814,779 262,066 6,697,082
Richard Hamilton 14,035,623 41,222 6,697,082
Proposal II: Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Decrease the Number of Shares of Authorized Common Stock
FOR AGAINST ABSTAIN BROKER
NON-VOTE
14,007,365 65,650 3,830 6,697,082
Proposal III: Ratification of the appointment of KPMG LLP as the independent registered public accounting firm of the Company for the fiscal year ending August 31, 2014
FOR AGAINST ABSTAIN BROKER
NON-VOTE
20,608,561 161,393 3,973 0
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
3.1 Certificate of Amendment to Amended and Restated Certificate of Incorporation of Ceres, Inc. filed with the Secretary of State of the State of Delaware on March 11, 2014 and effective as of March 11, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
CERES, INC.
Date: March 11, 2014 By: /s/ Paul Kuc
Name: Paul Kuc
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
3.1 Certificate of Amendment to Amended and Restated Certificate of Incorporation of Ceres, Inc. filed with the Secretary of State of the State of Delaware on March 11, 2014 and effective as of March 11, 2014.
Any news come out of the annual meeting? The Cere PR machine cannot be accused of being overzealous imo.
2014 ANNUAL MEETING OF STOCKHOLDERS
Ceres will hold its 2014 annual meeting of stockholders on March 7, 2014 at 11:00 a.m. PST at the W Hotel at 6250 Hollywood Blvd. in Los Angeles, California. Notice of the annual meeting, proxy materials and the company's annual report for the fiscal year ended August 31, 2013 will be mailed to stockholders of record as of January 21, 2014. Each attendee must be a Ceres stockholder as of the close of business on January 21, 2014 or hold a valid proxy for the annual meeting.
Ouch!!
Hopefully they move through these shares soon
It is getting interesting and wonder what today will bring. There is a good story here if they can execute it and they have lots of IP with promise.
That would be a twist...Drought tolerant pot plants.
I didn't see a price yet and am waiting for it to settle before I add some since I like the prospects
I didn't see a price yet and am waiting for it to settle before I add some since I like the prospects
Thoughts on the secondary?
And then there is this....
http://www.labusinessjournal.com/news/2014/jan/27/ceres-announces-secondary-offering/
Thanks and interesting