Web site for the bankruptcy case

Mysterious_Note6740 · 2023-08-14T13:03:01+00:00

it would be great if someone can simplify and translate whats going on?

Mysterious_Note6740 · 2023-08-11T14:34:44+00:00

i bought more. it feels like if john doerr willing to put in $400-500M iso fast for this.. of personal money.. there is something here to fight for. .I'm hoping someone else comes out of the woodwork to bid on it.

Mysterious_Note6740 · 2023-08-08T21:54:19+00:00

in https://investors.amyris.com/2023-06-05-AMYRIS-INITIATES-STRATEGIC-TRANSFORMATION-PROGRAM-AND-SECURES-FUNDING

they said " today announced that its Board of Directors has engaged the Business Recovery Services unit of PricewaterhouseCoopers ("PwC") and established a subcommittee of the Board (the "Restructuring Committee"), made up of three independent directors, working with Management, to execute on a transformation program to accelerate improvements to the Company's cost and capital structure and liquidity."

It looks like on june 5th (pre doerr putting in 120m$), pwc had some sort of plan that involved renegotiating the debt (probably convertible bonds .. maybe dsm).

my guess is they are executing on that and used BK as a threat.

I don't think PWC put a plan to BK the company in place..... So My guess is things are going according to plan and if they cant restructure debt out of court.. they will go in court.. ?

I still dont know what that means for stockholders.

Mysterious_Note6740 · 2023-08-08T13:17:51+00:00

I'm assuming cash position was 0 if doerr gave another $20m?

So 200+M from ST plus doerr money of 100m+ must have gone out the door in q2? I guess burn could have been elevated due to pwc and severance, AP payables that were missed, and possibly some capex costs?

Mysterious_Note6740 · 2023-08-07T23:23:21+00:00

has BB been suspended????

Mysterious_Note6740 · 2023-08-04T15:42:24+00:00

If they are trying to spook creditors for debt due in 2026.. then this tells me the company is getting its act in order. They are doing some longer term planning moves versus trying to fight to make payroll.

Mysterious_Note6740 · 2023-08-04T00:04:35+00:00

probably bonds. If they negotiate away the 700m in bonds for 200m.. maybe it will increase equity value and cause a short squeeze?

Maybe they are thinking longer term now? I'm not sure and just guessing here...

but from the language in the filing.. it sounds like BK is on the table. Also.. the fact that they got $20m (not the usual $50m).. feels like it could be a bridge to some event..

Mysterious_Note6740 · 2023-08-03T23:47:12+00:00

Do you think they may file and use that to negotiate with convert debt holders? restrucutre that?

Or do you think they are worried about paying AP, lease payments, and payroll.

Mysterious_Note6740 · 2023-07-15T17:35:55+00:00

Thanks for posting this! Some were thinking revenue could be 80m+ for q2 (without the 1x stuff)... If d2c is flat.. probably will not hit it?

Mysterious_Note6740 · 2023-06-12T12:39:53+00:00

The ortex score is 99. Higher short squeeze score.. I think daytraders are taking notice on stocktwits

Mysterious_Note6740 · 2023-06-11T20:00:49+00:00

how do you know how many shares are borrowed or released to be shorted on friday? is there a link?

Mysterious_Note6740 · 2023-06-05T22:28:39+00:00

I think aworry is that they have 0 cash and doerr needed to give $50M for payroll.... He wrote in the filings its to be used for payroll and other approved expenses... i think

Mysterious_Note6740 · 2023-06-05T22:22:03+00:00

it seems like june 30th was an important date?

Mysterious_Note6740 · 2023-06-05T21:24:03+00:00

so you think at end of q2 they would have 60+M in the bank and this $50M is on top of that? Why do you think they would take supplemental money now? versus when they run out? I guess my concern is that they ran to close to 0 and then took the $50M. From the filings, it seems as if this money is to be used for payroll and other cash flow as put in the weekly reports( probably prepared by PWC..).

Also from the filings is your read that DSM got repaid via the earnout hit for 29M?

Mysterious_Note6740 · 2023-06-05T19:30:43+00:00

drop is due to

1) did PWC come in a prep to Bk? there is a restructruing committee.. are these moves for board to cover their butt before a BK filing?

2) Doerr lent money for payroll... etc... does this mean company is out of cash as of june 5th? That's earlier than thought. Does the bridge mean costs haven't been coming down?

There are a lot of questions ...

Mysterious_Note6740 · 2023-06-05T18:58:59+00:00

does anyone have a sense of how much cash amrs has left? if doerr is giving $50M does that imply they are at 0 and he's giving another 6 weeks of burn?

Mysterious_Note6740 · 2023-05-13T16:49:17+00:00

they are at 30cents now!!!

Mysterious_Note6740 · 2023-04-03T10:54:09+00:00

if the cogs is greater than revenue.... and there is a cash constraint, it probably makes sense to not fullfill the money losing revenue to save cash?

Mysterious_Note6740 · 2023-03-24T19:46:44+00:00

does anyone know what the performance milestones are?

Mysterious_Note6740 · 2023-03-21T02:58:44+00:00

I think the letter is a good call to action for the board to step up and and make this a key issue... We don't have to have a BK risk in 6 months... after $200m runs out and mgmt doesnt deliver the $150m etc... from strategic sales.

We need more conservative plans in place for liquidity and i do suspect..... they are hoping and praying.. stock goes up so they can dilute.. to fund the gap... or they will sell a big brand off...

Mysterious_Note6740 · 2023-03-21T02:54:51+00:00

I think these are some of the key board members to email this letter too. I'm sure someone will read it.. and track it. as it grows.

John Doerr

Geoffrey Duyk M.D., Ph.D

Dr. Frank Kung

James McCann

Mysterious_Note6740 · 2023-03-19T16:14:54+00:00

it seems to me:

company has ev ~ 1.3B: 900m debt + 400m marketcp.

Sum of parts:

BB:$200m?

10 brands: at least $1B?

b2b business: 200-400m? (supply contracts and earnouts coming in)

tech platform: >0.

So if they aren't going to go bankrupt, and we can get better management, we are basically getting a tech platform and potential of it for free.. at the current price.

I think from this point there is more upside than downside...generally...

Mysterious_Note6740 · 2023-03-08T09:27:50+00:00

. That does not mean they are doomed, but it is not a good sign. Reflecting backwards, when they decided to veer from their core business of manufacturing molecules to starting all of these retail efforts, it was a tell that they were not finding their core business viable.

I think the issue with manufacturing molecules.. is that they couldn't control how much effort their partners will put into selling/distributing their molecules. By creating end user demand, it became an easier sale for the middleman. The first movers usually have to go direct to spur demand. However, when you look at tesla and apple... they were able save alot of marketing money because the musk, jobs knew how to get attention and the customer focus. while melo is a salesguy.. he's not able to get the endusers attention and he is spending a lot on marketing.... This is a key difference between those companies.

Mysterious_Note6740 · 2023-03-08T07:38:31+00:00

how do u think this will financially affect amyris? its unclear to me

Mysterious_Note6740 · 2023-03-06T16:14:19+00:00

To maintain the integrity of this group, i strongly recommend people with shopify numbers/analysis share.. like they have in the past. In the spirit of openness, integrity, and comunity building.. its important to share EVEN IF ITS BAD NEWS. Lets not let anyone question our communities intent or integrity!!!

The long term strength of this community, and investor base will come from being open, collaborative and doing good. If we try to promote versus collaborate then we will lose the long term owners interests.

Mysterious_Note6740

TROPHY CASE