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It was either split or get delisted and I'm confident they chose the lesser of 2 evils, but not overly confident that they know how to handle the business side of the company other than how to burn up the cash. Smart guys don't necessarily finish 1st.
Hopefully they do something soon.
Back to .26 in old shares already. Didn't take it too long and it is depressing that they can't even get a good pump together with no float left after the split.
Probably right on that, the only coverage we need now is for our behind if you ask me.
Did I miss the q/a from the analyst(1) that is usually on the call? Looks like he even gave up or is there simply nothing to ask?
Par for the course would be a run up and then release a new offering into it just like the last one that was sprung on us. There is no way that investors like Artal can be happy with the BS way this is being run. On the flip side are they trying to squeeze out any retail from hanging on? Seems like that strategy is working.
Horrible release if you ask me as well. They must be giving it away since a house flipper can make money than this bunch of experts.
Ceres Conducts Reverse Stock Split
By JOEL RUSSELL
Thursday, April 9, 2015
Shares of Ceres Inc. rose more than 600 percent on Thursday – despite a quarterly loss – following an eight-for-one reverse stock split by the energy crops developer.
The Thousand Oaks biotech reported a net loss of $8.1 million (-$1.34 a share) for its fiscal second quarter ended Feb. 28, compared with a loss of $7.2 million (-$2.29) for the same quarter a year ago. Revenue rose 115 percent to $99,000.
The reverse stock split, approved at the company's March 12 annual meeting, reduced the number of shares from 48 million to about 6 million, with no fractional shares issued. The shares began trading on Thursday.
Ceres has struggled to find a market for its genetically engineered sweet sorghum seeds to make ethanol in Brazil. Sales have been lower than expected, and the company has not announced a profit since going public in 2012. Last year it reported losses of $29 million.
During the quarter, the company tried to diversify its product line. It plans to move into the U.S. forage market, roll out bioinformatics software and develop new traits for crops like corn and sugarcane.
“We have responded rapidly to changes in the energy market as well as the economic challenges faced by the Brazilian ethanol industry,” Chief Executive Richard Hamilton said in a statement. “Today, we are much more than just a bioenergy company and have expanded the number of market opportunities available for our technology and products.”
Shares closed up $2.15, or 604 percent, to $2.51 on the Nasdaq.
I wish it was really up 600%, heck I would be happy with 100%
sshhhhhh.. must be some customers if they need help!
http://infopros.com/ceres-online-help/
THOUSAND OAKS, CA-Ceres Inc., an agricultural biotechnology company, has chosen InfoPros to develop an Online Help system to support the global rollout of its cloud-based software for managing genomic datasets
Ceres develops and markets crops for bioenergy and other uses. They approached InfoPros with the need to provide convenient product-related content to its growing base of customers, users of its Persephone visualization application. Ceres’ customers are a technical group, including bioinformaticians and geneticists at life sciences companies and research institutions. InfoPros’ Consulting Services group worked with Ceres to understand Persephone and its users, and determined that an Online Help system would provide the flexibility and scale they required, and would be cost-effective for InfoPros to implement for Ceres.
Many companies are making Online Help a key component of their content strategies. A well-designed Online Help system will efficiently and effectively present the help users need, when they need it – in real time. Task-based Online Help systems focus on explaining specific tasks so that users can get their work done instead of getting buried in superfluous technical details. The result is lower cost for development, reduced technical support calls, and happier users, thus, more satisfied customers
Yep, biggest winner or biggest tax loss. Sooner or later us little people will find out. Up 640 percent from yesterday, weeeeeee
What if.....They blow past earnings and revenue estimates, announce grant money, tell us Persephone is going great, announce that Icode will be the next greatest innovation since the Ipod and there are now only 6M outstanding shares.
One can dream................
Well there you go, dries up the float dramatically until they fire up the presses
CERE earnings on the 9th...Wonder if there will be enough there to propel us out of the drought the pps is in and stave off the RS. Time is ticking
If they would announce something that has to do with "Revenue" then it would move. Revolutionary as it seems.
That's what I like about it, low shares overall so far and many are sitting tight I hope and accumulating
Nice CERE news. Grant information and revenues would help keep fuel in the tank to get to the finish line.
I feel like a beach ball floating in the ocean on this one. Not much we can do other than wait and hope we are on the right side of whatever happens along with Artal.
It does lower the cost of shares but we are still in the good money after bad money phase I think. They should just get the RS over with and dry up the float and then announce all the good news and goings on as possible.
ZZZZZZZZZZZZZZ, whats with the being able to hear the crickets chirping. After the past 2 weeks and the roller coaster ride is the thrill gone?
I will too, when it finally happens. As I have said, going to be one heck of a gain or deduction, just not sure which yet. Betting on the gain though.
At least it's not like the Yahoo board for CERE, that one cracks me up.
Expected news so lets see what happens.
Proposal II: Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse split of the Company’s outstanding shares of common stock, par value $0.01 per share, by a ratio in the range of 1-for-8 and 1-for-11, as determined in the sole discretion of the Company’s Board of Directors
FOR 28,879,518 AGAINST 6,333,038 ABSTAIN 599,231 BROKER NON-VOTE 0
More dipping at the close, wonder if they ran out of chips.
In the wouldn't it be nice since this is right up our alley category.
Hope they applied since this is what got them going in the first place. I assume the reference to Ceres is for the past funding and hope they are applying again!
DOE announces ARPA-E funding opportunity
By Erin Voegele | January 23, 2015
USDA Agricultural Research Service
The U.S. Department of Energy’s Advanced Research Projects Agency – Energy has announced plans to award up to $125 million in support of transformational energy projects. The solicitation is the third open funding opportunity announcement (OPEN 2015) made by ARPA-E.
“OPEN 2015 highlights ARPA-E’s commitment to transformational energy innovations,” said U.S. Energy Secretary Ernest Moniz. “We are excited to announce this open solicitation to support the development of a broad range of disruptive technologies, advancing our all-of-the-above energy strategy to ensure a secure, affordable and sustainable American energy future.”
According to the DOE, OPEN 2015 will support energy research and development projects from America’s top innovators for disruptive new technologies in transportation and stationary applications. Previous OPEN solicitations were made in 2009 and 2012. In a statement, the DOE explained that open solicitations ensure ARPA-E can support transformational projects outside the scope of existing ARPA-E focused programs.
The funding opportunity announcement (FOA) published by the DOE explains the areas of research responsive to this funding opportunity include, but are not limited to, electricity generation from renewable and nonrenewable means; electricity transmission, storage and distribution; energy efficiency for buildings, manufacturing and commerce, and personal use; and all aspects of transportation, including the production and distribution of renewable and nonrenewable fuels, electrification, and energy efficiency in transportation.
Bioenergy projects are among those eligible to compete for OPEN 2015 funding. Within the FOA, the DOE includes several subcategories of bioenergy projects, including biomass production projects that improve biomass characteristic. Subcategories are also listed for biological methods of biofuel production, biobiological methods of biofuel production, bioenergy supply chains, and other types of bioenergy categories.
The FOA also explains that APRA-E funds research on the development of high-potential, high-impact energy technologies that are too early for private-sector investment. The agency funds technologies that have the potential to be disruptive in the marketplace. It does not fund projects aimed as basic research, full-scale demonstration of existing technologies, or technologies that represent incremental improvements to existing technologies.
Within the FOA, ARPA-E indicates it expects to make 30 to 50 awards under this solicitation, with individual awards ranging from $1 million to $10 million.
To date, ARPA-E has awarded funding to approximately two dozen advanced biofuel projects, including those pursued by Ceres, Chromatin, and Agrivida. Additional information on funded projects is available on the ARPA-E website.
Applicants for the new OPEN 2015 FOA are required to submit a notice of intent by Feb. 20. Concept papers are due Feb. 27. A deadline has not yet been set for full applications. Additional information on the funding opportunity and application process is available on the DOE’s Funding Opportunity Exchange website under DE-FOA-0001261.
http://ethanolproducer.com/articles/11855/doe-announces-arpa-e-funding-opportunity
Another big name persephone user would certainly help validate it as a potential revenue source and the Grant money/funding would help propel it back to the land of the dollar imo.
Interesting read:
Ceres, Inc. (NASDAQ:CERE)
Today, Ceres, Inc. (CERE), an agricultural biotechnology corporation, and Brazilian energy corporation Raízen S.A., declared that they have signed a multi-year partnership contract to develop and produce sweet sorghum on an industrial scale. Sweet sorghum can be grown to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills.
Under the collaboration, the companies will each contribute in-kind services and resources and share in the proceed from the ethanol produced from Ceres’ sweet sorghum above certain levels. This season, Raízen has planted Ceres’ sweet sorghum evaluation in a single location and plans to expand to multiple mills in the seasons to come.
Ceres President and CEO Richard Hamilton said that the corporation is happy to be working more closely with Raízen, which has taken a leading role in adopting new agricultural and industrial technologies. “The ethanol industry in Brazil has a history of successfully competing against low-priced oil and we believe that sweet sorghum, which has lower production costs than sugarcane, can be further developed and scaled up as an integral part of the industry’s feedstock supply,” said Hamilton.
Raízen, a joint venture of Royal Dutch Shell and Cosan, has taken a keen interest in developing and scaling up sweet sorghum as a means to grow margins and raise supply for its sugar and ethanol facilities. The corporation has conducted field and industrial evaluations of Ceres’ sweet sorghum hybrids since 2011.
Raízen, a joint venture of Royal Dutch Shell and Cosan, is Brazil’s fifth largest corporation in terms of proceed and the nation’s leading producer of sugarcane ethanol. With 24 sugar and ethanol facilities, the corporation produces more than 2 billion liters of ethanol, 4.5 million tons of sugar and 900 MW of electricity from biomass each year.
Ceres, Inc. is an agricultural biotechnology corporation that develops and markets seeds to produce crops for markets that utilize plant biomass, counting biofuels, renewable electricity and livestock feed and forage. The corporation’s technology platforms, which can raise crop productivity, improve quality, reduce crop inputs and improve cultivation on marginal land, have broad application across multiple crops, counting food, feed, fiber and fuel crops. Ceres markets its seed products under its Blade brand.
http://www.wsnewspublishers.com/emerging-stories-to-analyze-ceres-inc-nasdaqcere-microvision-inc-nasdaqmvis-cytori-therapeutics-inc-nasdaqcytx-advaxis-inc-nasdaqadxs/152606/
The deal announced today is bigger than it seems if you ask me. This is a deal with a big player in exactly the field they profess to be the best in. Even it it does the RS which I would expect, I am hoping to look back at this and say how the h did I ever stumble into CERE.
Also, the float has to be dryhing up in these little mini runs, not much in the 1st place so that only makes it more interesting.....and whats with the Austin Marxe firm and not reporting? Are they the ones putting it into play.
Then again, what do I know.
No doubt, always in stealth mode until bang some news. Getting the grant info and any possible indications on Persephone would sure be nice now. They need to pile it on IMO
Me too!
Very nice, someday CERE will get its wings and fly.
THOUSAND OAKS, Calif. and SAO PAULO, March 16, 2015 /PRNewswire/ -- Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology company, and Brazilian energy company Raízen S.A., today announced that they have signed a multi-year collaboration agreement to develop and produce sweet sorghum on an industrial scale. Sweet sorghum can be grown to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills.
Under the collaboration, the companies will each contribute in-kind services and resources and share in the revenue from the ethanol produced from Ceres' sweet sorghum above certain levels. This season, Raízen has planted Ceres' sweet sorghum evaluation in a single location and plans to expand to multiple mills in the seasons to come.
Ceres President and CEO Richard Hamilton said that the company is pleased to be working more closely with Raízen, which has taken a leading role in adopting new agricultural and industrial technologies. "The ethanol industry in Brazil has a history of successfully competing against low-priced oil and we believe that sweet sorghum, which has lower production costs than sugarcane, can be further developed and scaled up as an integral part of the industry's feedstock supply," said Hamilton.
Raízen, a joint venture of Royal Dutch Shell and Cosan, has taken a keen interest in developing and scaling up sweet sorghum as a means to grow margins and increase supply for its sugar and ethanol facilities. The company has conducted field and industrial evaluations of Ceres' sweet sorghum hybrids since 2011.
Still trying to figure out if there is a light at the end of the tunnel or if it is a freight train.
Seems to be someone happy to keep selling too. :(
It keeps me going...thanks. Not official and still more games than meets the eye if you ask me. The largest buyer as of 9/31 of 1.6M shares has not filed the 12/31 and I am real curious to see who has been buying. MARXE AUSTIN W & GREENHOUSE DAVID M was the one and they are way late so maybe they are the gate crashers tomorrow. Artal has been holding fast and since they are I am with my meager holdings.
GL
Maybe Gordon Gekko will be there with a bunch of the institutional investors plotting a takeover.
Yep, that's me....trying to scare people while I wait for the pps to go up. LOL. I'd really be much happier if there was no RS, but tomorrow they will vote on the option should they need it to prevent being delisted. That's the fact, no need to try.
They could have been moving it up to let someone out of it last week before the RS comes up. We will soon find out one way or another.
Nice to see it finally happening, guess all the big boys got their shares now at the bottom and want it to go the other way. All for it.
A little over 5.5M shares traded to boot. Going to be an interesting ride
Job Description
Job Description: Ceres is seeking a Software Sales Associate for our innovative genomics application, Persephone™. The Software Sales Associate will have the opportunity to play a significant role in the success of our SaaS edition. As part of our dynamic and growing team, the Software Sales Associate will be responsible for generating leads, conducting web-based and in-person demonstrations, developing relationships with prospects, and driving new business within the academic and commercial life sciences industry focused on SaaS subscribers. This position will be a part of the Persephone sales team and will report to the Sr. Manager, Business Development – Persephone software. The ideal candidate will have a genuine passion for innovative technology with a record of success closing transactions in the SaaS business model. Product Background: Driven by dramatically lower costs, DNA sequencing is one of the most commonly used technologies in biological & medical research laboratories. Sequencing an entire genome now costs less than an MRI scan. This explosion of sequence data is being stored across a number of both private and public databases, many of which are poorly organized or curated. This creates a major hurdle in the efficient organization, analysis and interpretation of what has become an overload of data. Persephone has been developed to eliminate this bottleneck by enabling the rapid and easy visualization of large amounts of genomics data by experts and non-experts alike, in a manner that is intuitive, scalable and actionable. Specifically, Persephone has been designed with a number of optimizations to quickly fetch and render very large datasets. These include, optimized database schema and compression, relational infrastructure, API and client caching, intuitive user interface and proprietary data management algorithms. Company Background: Ceres, Inc. is a leading agricultural biotechnology company based in Thousand Oaks, California. We use a combination of advanced plant breeding and biotechnology to develop seed products that we believe address the limitations of first-generation bioenergy feedstocks, increase crop productivity, reduce crop inputs and improve cultivation on marginal land. We also license our genetics technology, software and biotech traits to other organizations.
What You Will Do: • Prospect through cold calling, email, in person communications and respond to incoming leads to build and maintain a pipeline that will exceed quotas. • Networking within Universities to establish community interest in software • Demonstrate key elements of software to prospective customers through online and in-person demonstrations and answer feature and functional questions. • Represent the Persephone product at conferences and exhibits. • Set up meetings as needed for Sr. Manager for new customer accounts. • Must be a team player and have the ability to build relationships with clients and staff. What We Are Looking For: • Bachelor’s degree (preferably in the life sciences) • =1 year of SaaS sales experience. • Salesforce.com experience preferred. • Superb written and verbal communication skills. • A passion and proven track record for driving SaaS sales. • High customer orientation and self-motivation. • Must be detail oriented with the ability to multi-task. • Experience with social media platforms. • Ability to demonstrate a polished and professional demeanor at all times. • Additional responsibilities as requested and required
No doubt, getting close to half a buck now. Lets see what happens between now and the meeting next week.
If there was a like button for your post I would use it. :)
Something is way to strange for me and strange can be good if we are on the right side of it. Still wondering why the new fund scooping up 1.6m shares as of 9/31 is late with the 12/31 filing. It will be interesting to see if they hoovered up some more.
If they did it would confirm that some play is up. Not a lot of shares on this and that's what led me here a long time ago.
Nice to see it hold in the 40's. Sooner or later the low float and supply has to kick in for the good. Just as fast as it came down it should rise. At least that's my theory...lol