Verenium Corporation (VRNM)

[pennystockbrad]

What do you mean simple math? It doesn't explain WHY the pps is NOT at the $6 - $8 of your evaluation.
With decreasing sales (see below) and fewer assets (see sales to BP) I just don't see how VRNM is going anywhere.

That guy wasn't trying to give out false info, he made a mistake.

It appears that BP Biofuels and BP LLC and BP Plc are all the same thing. The other guy wasn't saying anything about a fake BP, just that the biofuel buyer may not have been the BP we all know and love.

saw this info this AM:
"Total revenues for the quarter ended March 31, 2010, were $13.0 million compared to $14.4 million for the same period in the prior year, with product revenues representing 89% of total revenues for the three months ended March 31, 2010, compared to 73% for the same period in the prior year.

"BP and VRNM recently announced an agreement for BP Biofuels North America to acquire VRNM's cellulosic biofuels business, including the Company's facilities in Jennings, La., and San Diego, Calif., for $98.3 million. VRNM will retain its commercial enzyme business, including its biofuels enzymes products and have the right to develop its own lignocellulosic enzyme program. VRNM will also retain select R&D capabilities, as well as rights to access select biofuels technology developed by BP using the technology it is acquiring from VRNM through this agreement."