Renewable chemicals and fuels producer Amyris reported mixed earnings numbers for Q3, as EPS increased QoQ and YoY while revenue fell on both bases. Management did announce in the company's quarterly earnings call that it has raised enough capital via convertible debt offerings in Q4 to bring its cash reserves to a 5-quarter high. While the capital raise will alleviate concerns over the company's ability to continue as a going concern in 2014, the terms of the offering allow its creditors to convert at a substantial discount to the company's current share price. Given the speculative nature of the company, the prospect of future dilution provides shareholders with limited potential upside and large potential downside in the coming...
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