News Focus
News Focus
Followers 11
Posts 961
Boards Moderated 0
Alias Born 10/27/2003

Re: novicetrader post# 72

Wednesday, 07/04/2012 10:31:58 AM

Wednesday, July 04, 2012 10:31:58 AM

Post# of 12216
From the article you posted....

Butamax asked U.S. District Court Judge Sue Robinson to maintain the status of her June 12 order limiting Gevo's sales of isobutanol produced at a startup plant in Luverne, Minn., to a subsidiary of South Africa-based energy and chemicals company Sasol for chemical applications, and to the U.S. Air Force for jet fuel testing applications.

Robinson said she would issue her ruling no earlier than Friday.

While saying Butamax has a heavy burden in proving that she should maintain the status quo, the judge also expressed concern about apparent contradictions between what Gevo has told the public and what is has told the court.

Robinson noted that Gevo was arguing that it would suffer irreparable harm if she maintains restrictions on its entry into the fuels markets, despite the company's previous indications to the court and in public statements that its business plan was primarily focused on the chemical industry.

"There's been so much inconsistency between public and litigation statements," she told Gevo attorney James Brogan.

Robinson also seemed to dismiss Brogan's arguments that preventing Gevo from moving forward in trying to develop fuel industry partnerships until the patent dispute is finally resolved will scare away investors and make it difficult for the company to raise much-need capital.

"You're asking me to base a decision on a market that is not predictable," the judge said, suggesting that investors are "fickle" and that those who might decide to turn away or sit on the fence now could quickly swing Gevo's way if it wins the patent fight.

"It's hard for me to believe that anything on Wall Street is written in stone," she said. "It's hard for me to believe that there are lost investors who can't be made up."


What concerns me in the statement made by the Court yesterday is apparently GEVO has now given the Judge more reason(s) to consider Butamax's side apropos the potential damages incurred pertaining to the fuel industry. If in fact the court reverses her decision issued on June 20th (Denied the Motion for Preliminary Injunction sought by Butamax™), Gevo will take a significant hit until such time the trial for April 2013 is played out. This is critical as any potential partnerships "could" be on hold until the litigation is all sorted out. JMHO
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GEVO News