Some random searching helped me find this little gem. It's all speculation but it seems they have had an contamination that shut down their production. It's hoped that production will restart back in june 2013 ( hopefully... ). The stock has tanked and l would like to entertain the potential for a up swing in stock price once it back on track. It's up 4.38% today.
I'm in @ $1.70. Doesn't seem like there is going to be much more downside to this. Anyone else.
Summary from site
Gevo is a leading renewable chemicals and advanced biofuels company. We are developing biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. We plan to produce isobutanol, a versatile platform chemical for the liquid fuels and petrochemicals markets. Isobutanol has broad market applications as a solvent and a gasoline blendstock that can help refiners meet their renewable fuel and clean air obligations. It can also be further processed using well-known chemical processes into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters.
I'm in @ $1.70. Doesn't seem like there is going to be much more downside to this. Anyone else.
Summary from site
Gevo is a leading renewable chemicals and advanced biofuels company. We are developing biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. We plan to produce isobutanol, a versatile platform chemical for the liquid fuels and petrochemicals markets. Isobutanol has broad market applications as a solvent and a gasoline blendstock that can help refiners meet their renewable fuel and clean air obligations. It can also be further processed using well-known chemical processes into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters.