ORIONS Money Stocks

[Monksdream]

I can't make sense of GEVO. Let's start with a chart first.

OS 201million, float 195million
Institutions own 47percent
Short interest of 27percent
From the latest 8K dated June 15

Item 7.01. Regulation FD Disclosure.
As previously disclosed, on June 5, 2022, Gevo, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors providing for the issuance and sale by the Company of 33,333,336 shares of the Company’s common stock at a price of $4.50 per share, accompanied by Series 2022-A warrants to purchase 33,333,336 shares of the Company’s common stock (each, a “Series 2022-A Warrant”) in a registered direct offering (the “Offering”). The Offering closed on June 8, 2022, and the Company received net proceeds from the Offering of approximately $139.2 million after placement agent’s fees, advisory fees and estimated offering expenses. Following the closing of the Offering, as of June 15, 2022, the Company has cash, cash equivalents, restricted cash and marketable securities of approximately $555.7 million in the aggregate, which includes the net proceeds from the Offering as set forth above.

Over one-half billion American dollars. The company's business model entails making alcohols in a way it believes can be sustainable, meaning net-zero carbon. The company says its primary market will be SAF, or sustainable aviation fuel to airlines, plus another division intended to capture methane from cow manure.

But my takeaway from the latest 10Q is revenues are so close to zilch they might as well be zilch. The company doesn't seem to have the capacity to make any deals that can generate revenue.

The chart tells you that after the high point there have been periods of bounces on the way down. Just don't see much future unless the company announces a major deal.