Verenium Corporation (VRNM)

[supyoscn]

I am with you....I sold around 50% of my holdings for a pretty good profit. I was a little late on the sell trigger and missed the 6.60 high. The DOE is dragging and dragging and dragging their feet. I would not be surprised by the tone of the CC if we don't see a loan until at least Summer time. This has to be very frustrating for VRNM as there is nothign they can do. As far as BP I think they still want to be a part of this but we might just continue to receive extensions for at least a few months. That is one of the problems with VRNM...they need the government to act, but the government is so fixed on this health care fiasco everything else has taken to the backburner.

I still belive longterm as VRNM will be the supplier of enyzmes to many many companies in the years to come, and eventually a provider of cellousic ethanol. It's just a waiting game for now and I believe by selling 50% I will be able to pick it back up in the 4's eventually. But who knows they might announce a major agreement with BP late this month/early april that cause the pps to fly! Nobody really knows...