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Amyris (AMRS -28%) shares sink after the renewable products company says it's no longer...

  • Friday, February 10, 2012, 11:56 AM ET
    Amyris (AMRS -28%) shares sink after the renewable products company says it's no longer forecasting positive cash flow for 2012 and will instead seek as much as $60M in additional financing. AMRS is running into execution risk as it scales up its production of next-generation biofuels, Raymond James says: "It will clearly take time for the growth curve to materialize."
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    Reuters is reporting that "Amyris, with shares sinking fast, has announced they're branching out into non-renewable energy. They have a breakthrough product that involves burning the stock certificates and bonds of Amyris along with any cash they can come up with provided by taxpayers."
    10 Feb 2012, 12:06 PM Reply Like
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