$AMRS,, OUT @ $.34,,, I took my lumps as I don't l
Post# of 22757
(Total Views: 52)
Posted On: 05/08/2017 3:41:26 PM
Re: OldSaltDawg #16988
$AMRS,, OUT @ $.34,,, I took my lumps as I don't like hanging around for analysts and investors to decide if it's good or bad I knew it was coming but hoping the dip might generate some good buyers in.
Amyris (AMRS -37.5%) plunges nearly 40% after announcing agreements for as much as $95M in equity financing, consisting of a direct offering of convertible preferred stock and private placements of convertible preferred stock and warrants.
• Also, Dutch supplements and materials maker Royal DSM (OTCQX:RDSMY) agrees to invest an initial $25M into AMRS as part of the financing, and may invest an additional $25M subject to certain conditions.
• AMRS says the deals of part of its process of reducing debt by ~$75M.
• Analysts at Cowen maintain their Market Perform rating on AMRS but cuts its stock price target to $1 from $1.50 to reflect the "dilution associated with the deal (with Royal DSM) and other debt reduction initiatives."
Amyris (AMRS -37.5%) plunges nearly 40% after announcing agreements for as much as $95M in equity financing, consisting of a direct offering of convertible preferred stock and private placements of convertible preferred stock and warrants.
• Also, Dutch supplements and materials maker Royal DSM (OTCQX:RDSMY) agrees to invest an initial $25M into AMRS as part of the financing, and may invest an additional $25M subject to certain conditions.
• AMRS says the deals of part of its process of reducing debt by ~$75M.
• Analysts at Cowen maintain their Market Perform rating on AMRS but cuts its stock price target to $1 from $1.50 to reflect the "dilution associated with the deal (with Royal DSM) and other debt reduction initiatives."
(0)
(0)
'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
https://twitter.com/twitter/statuses/957208055766241280
https://twitter.com/twitter/statuses/957208055766241280
Scroll down for more posts ▼