Verenium Corporation (VRNM)

[supyoscn]

I hope you decided to hang on to those shares...good move again today! Very close to breaking the 200 day which is 6.03. That could turn up the pedal another notch.

I sold a little right before this last pop for some profit from the 4 range. I still have most of my holdings and plan to hold until we hear about the DOE and BP partnership. I hope this occurs in the next month, if favorable I still am putting $9-12 price on the stock.

My biggest concern would be another offering after the DOE news. They probably need to raise another 20-25 million to build the plant even after the DOE loan. Hopefully we are at 10 bucks when they do this so it would only dillute 2 million or so. If timed correctly it really shouldn't have any effect on the share price and be thought of as a good thing.