Verenium Corp. (MM) (VRNM)

look at all the law firms questioning the sale price !

I guess I dont care -- I sold for 3.97.

Chris

Happy Dance!

VRNM agrees to be bought by BASF ! $4 per share !!

Wheeeeee !!!

wow somebody decided to dump some shares today !

Chris

Yay !

Sorry - I couldn't help it -- I sold into the spike.

Chris

Conference call today....
Sounded very forward looking. A lot of deals in the pipeline as well.

Up over 50% since last post!

Verenium spikes 20% in pre-market trading; co announced earlier that it has completed a $37 million sale of certain assets to DSM (VRNM) 3.09 : Co announced it has closed a transaction with DSM Food Specialties B.V., a business group of Royal DSM, in which Verenium has sold to DSM its Oilseed Processing business, licensed certain enzymes for use in the food and beverage markets, and will provide access to new gene libraries to be developed by Verenium. Verenium will receive $37 million in total consideration, including transaction and related expenses, on Monday, March 26, 2012. Verenium will develop new gene libraries for use by DSM. Both companies will have full access to the libraries for the purpose of identifying new product opportunities. This transaction does not impact Verenium's existing gene libraries. The products acquired by DSM represented approximately $7.5 million in revenue to Verenium in 2011.

~ Monday! $VRNM ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $VRNM ~ Earnings expected on Monday *
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well looks like VRNM ended up exactly as I said it would

What the hell is wrong with this POS stock?

What the hell is wrong with this POS stock?

Is this stock really good for the long term or will it keep going up and down from 6 to 2.90 or whatever for another while so I'd still get know where if I bought it tomorrow and longed it for a year? I was thinking of investing in it for the long term because so many say it will be big. Well that sounds great but the most important question is when? I saw that it was very high priced a long time ago but for a couple years it has had many ups and downs and hasn't really got anywhere.

Very True... IMHO, 10$ EOY!

Yahoo!!!!!!!!

Finally seeing this stock's true potential. Nice day, longs!

Verenium Corporation

Laatste 4,2400 19:30 1.600
+/- 0,9900 30,46%
Slot 3,2500 19-10-10
Open 3,5000 15:30
Hoog 4,3400 19:29
Laag 3,3600 15:30
Bied
Laat
Volume

ANOTHER NICE DAY-is something up

Nice Day today!

Last Friday was the closing of the BP deal, were VRNM sold the cellulosic biofuels business to BP for $98.3 million. The facilities were a money pit for VRNM I am glad to see them gone. Now they can start to make money with their enzyme products $$$

Why is this going to sky rocket? Please explain because I've been out of the loop. Thanks!

I think you're right, it's time to buy.

Today is the day we were all waiting for...this is going to skyrocket!!! Enjoy the ride :0)

optimistic for the long term, no?

Analysts at Jefferies & Co reiterate their "hold" rating on Verenium Corp (NASDAQ: VRNM), while raising their estimates for the company. The target price for VRNM has been reduced from $3.60 to $2.90.

According to Jefferies & Co, “Verenium has laid out a framework for developing its core enzyme business. These include: 1/ Organization (streamlining the business); 2/ Transition out of San Diego facility (and establish a new fermentation lab); 3) Manufacturing improvements (projects to decrease costs of and variability in production, i.e. debottlenecking); 4/ Capacity additions (the company currently has enough scale in its facility to meet market needs for all of its commercial enzymes but may add capacity in the medium-term to meet growing demand; a 1m L greenfield enzyme facility would require ~$100m capital); 5/ Invest in the pipeline (Verenium currently has 15 specific biomolecules that are in various stages of development).”

“Verenium has retained its entire regulatory staff which has extensive experience in registering products with the U.S. EPA, FDA, Center for Veterinary Medicine and other global Agencies,” the analysts add.

Jefferies has raised its EPS estimate for FY10 from -$3.00 to -$2.26.

that's probably just the start....

and the pps is falling hard......

VRNM is pretty quiet now that the one day of hooplah came and went

What do you mean simple math? It doesn't explain WHY the pps is NOT at the $6 - $8 of your evaluation.
With decreasing sales (see below) and fewer assets (see sales to BP) I just don't see how VRNM is going anywhere.

That guy wasn't trying to give out false info, he made a mistake.

It appears that BP Biofuels and BP LLC and BP Plc are all the same thing. The other guy wasn't saying anything about a fake BP, just that the biofuel buyer may not have been the BP we all know and love.

saw this info this AM:
"Total revenues for the quarter ended March 31, 2010, were $13.0 million compared to $14.4 million for the same period in the prior year, with product revenues representing 89% of total revenues for the three months ended March 31, 2010, compared to 73% for the same period in the prior year.

"BP and VRNM recently announced an agreement for BP Biofuels North America to acquire VRNM's cellulosic biofuels business, including the Company's facilities in Jennings, La., and San Diego, Calif., for $98.3 million. VRNM will retain its commercial enzyme business, including its biofuels enzymes products and have the right to develop its own lignocellulosic enzyme program. VRNM will also retain select R&D capabilities, as well as rights to access select biofuels technology developed by BP using the technology it is acquiring from VRNM through this agreement."

yep, any longs here who stand to make a profit should take a chunk of profit and run like the devil, imo

,,,,,,,Goodnight...Have a plane to catch tomorrow...vacation time. Finally!!

Your not the only one who shorted...why do you think it tanked so fast at the open! ROFL!!

I prefer to take the money and run
but I do hear what you're saying

shorting this thing has been the best strategy for me

this recent development was just an amazing one day run

and it paid off

at first I was quite optimistic and then became very skeptical
plus with the way the market has behaved the past 20 months or so
shorting was the only way to play it, imo

not to mention all the competition

Trinity,,,Tomorrow look for pullback...& entry.

It's by simple math....the company now has 123 million in cash. (98 million for buyout, 10 million on Lease buyout, and 15 million in cash) The company has 12 million OS. Yes they do have debt (100 million) but it is longterm debt. Their enzyme business has revenues of 63 million last year. The company had a loss..but most of that was R&D associated with the Biofuels division, and ALL of the revenue was based on the existing enzyme business. They can now be profitable and expand the enzyme business.

As far as being harsh...the guy needs to learn how to read a 10Q before he posts about how worthless a company is.

He is trying to state VRNM assets are 149 thousand! They are 149 MILLION per the last 10q. He is trying to give out false info.

Add to that the guy was trying to say this was a fake BP....he was posting garbage to help his short. Useless poster.

wow, that's a little unnecessary. Please explain to us then WHY the stock is not trading at $6 - $8 per share.

Nice move.

So If i was to invest based on your knowledge Google would have the following total assets from their 10Q.

Total assets
$ 40,497 $ 42,871

But I would have forgot to look and see it says in MILLIONS.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7230611-816-253434&type=sect&dcn=0001193125-10-108704

But I guess they only have 40k in assets....damn them!

Are you a moron??? That is in THOUSANDS! Assets are 149 million!! Revenues are 13 million for the quarter. They sold their biofuels plant and cali facility for 98 million dollars. They have cash of 130 million with this sale and debt of only 100 million. They also have 100's of patents for their enzyme business. The stock should be worth at leat 6-8$ dollars based on just facts.

nicely done!
and money in the bank real fast

Either way, VRNM sold it's bio-fuels for $98mil

yup...something just didn't seem right with it which is why I went short at $3.88 avg...also short on LNET...appears one of the larger shareholders has been unloading lately (Black horse)

BP's just hiding money for a select few, imo
I may be wrong
but it sure looks that way to me

obviously there was some value but that appears to be a win for vrnm. seems like a windfall actually.

Well, BP needs to worry about bailing their own asses out rather than running around purchasing worthless companies.

from VRNM's last 10-Q

Total assets
$ 149,426
Total revenues
$ 13,031

$98 million seems like a high price tag

CORRECTION: http://www.bp.com/bodycopyarticle.do?categoryId=1&contentId=7052055

From Market watch:

By Robert Daniel VRNM BP UK:BP. NEW YORK (MarketWatch) - Verenium Corp. /quotes/comstock/15*!vrnm/quotes/nls/vrnm (VRNM 3.90, +1.44, +58.53%) shares leaped 57% on Thursday after the Cambridge, Mass., developer of enzymes for industrial processes agreed to sell its cellulosic biofuels unit to BP Plc, /quotes/comstock/13*!bp/quotes/nls/bp (BP 37.08, +0.90, +2.49%) /quotes/comstock/23s!a:bp. (UK:BP. 401.75, +0.75, +0.19%) the U.K. integrated oil giant, for $98 million. The deal includes cellulosic biofuel facilities in Jennings, La., and San Diego. Verenium will retain its commercial enzyme business, including a technology platform for biofuels, as well as its right to develop its own lignocellulosic enzyme program. BP becomes the sole investor in Vercipia Biofuels, a 50-50 joint venture that BP and Verenium formed in February 2009. Galaxy Biofuels, which they also own 50-50, will be owned 100% by BP.


This differs with what you are saying.

BEWARE: BP Biofuels North America LLC is NOT the same company as BP Plc nor are they affiliated.

Look at the balance sheet. Less than $12,000 in revenues last quarter. Not to mention, the "BP" in the press release that everyone thinks is involved here is in fact a totally different BP. "BP Biofuels North America LLC" is not BP Plc, which appears to be the mistake people are making

kind of what I figured....

doubtful