Verenium Corporation (VRNM)

[supyoscn]

It's by simple math....the company now has 123 million in cash. (98 million for buyout, 10 million on Lease buyout, and 15 million in cash) The company has 12 million OS. Yes they do have debt (100 million) but it is longterm debt. Their enzyme business has revenues of 63 million last year. The company had a loss..but most of that was R&D associated with the Biofuels division, and ALL of the revenue was based on the existing enzyme business. They can now be profitable and expand the enzyme business.

As far as being harsh...the guy needs to learn how to read a 10Q before he posts about how worthless a company is.

He is trying to state VRNM assets are 149 thousand! They are 149 MILLION per the last 10q. He is trying to give out false info.

Add to that the guy was trying to say this was a fake BP....he was posting garbage to help his short. Useless poster.