Solazyme (SZYM -17.8%) sinks following news it will dissolve its joint venture with Roquette...


Solazyme (SZYM -17.8%) sinks following news it will dissolve its joint venture with Roquette Frères after failing to agree on a commercial strategy and timeline for the manufacturing and marketing of the venture's products. SZYM says it will accelerate commercialization of its own suite of microalgal food ingredients. At least two firms say today's selloff on the news is an overreaction.

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Comments (5)
  • futuretrade
    , contributor
    Comments (1141) | Send Message
     
    Fear and the manipulation of stock prices by the super rich!
    24 Jun 2013, 01:02 PM Reply Like
  • jeffj
    , contributor
    Comments (3) | Send Message
     
    I own and follow Solazyme closely. I just reviewed their May conference call. They were supposed to open a plant in June. Now toward the end of June instead of a plant opening they call off the whole joint venture? The Roquette joint venture has been the most problematic of their agreements. But calling it off toward the end of the month they were supposed to cut the ribbon should definitely impact the stock. I'll interested in what they say on tonight's conference call!
    24 Jun 2013, 01:31 PM Reply Like
  • The Aristos
    , contributor
    Comments (58) | Send Message
     
    Eagerly awaiting what they will say. Still holding.
    24 Jun 2013, 02:01 PM Reply Like
  • Ryan Takach
    , contributor
    Comments (62) | Send Message
     
    Still following this one but I got a bit overzealous on the bump up 6-7 weeks ago and sold $10 calls thinking it would fall back some, it kept running. My June 21 calls actually got exercised early! Was a bit upset about it but looking to get back in, this pull back might be the right opportunity.

     

    Agree it's probably an overreaction. Waiting for more news, good luck to all.
    24 Jun 2013, 03:49 PM Reply Like
  • dgcannon
    , contributor
    Comments (37) | Send Message
     
    I wouldn't touch this stock. And why should I tell anyone anything
    about myself? Forget it.
    24 Jun 2013, 08:22 PM Reply Like
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