gevo had a 1 for 15 reverse split effective on April 20, 2015.
gevo on May 14, 2015 announced that it had agreed to sell 4,300,000 common stock units at a public offering price of $4.00 per common stock unit.
This offering was just in time for gevo and is in line with analysts that stated gevo is "money-starved" and that gevo currently possesses only $4.4M in cash and has a $10M per quarter cash burn rate.
Despite the cash burn, the 2014 corporate salaries for the top five gevo executives exceeded $2,170,000,(excluding bonuses and stock/options compensation). Their total compensation was $3,820,000.
In my opinion, given the present facts, it looks like bankruptcy for gevo is right around the corner.
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