$DNMR did the same thing, then rapidly slid into bankruptcy. A strategic bought $700m worth of single-purpose assets for in a BK Ct approved sale. And its still going today. That is $ORGN's most likely future. The public markets funded it, then industry acquired it and wiped away the stockholders with BK.
$DNMR I'm looking for documents and have not found anything regarding whether stockholders will receive anything from Danimer being purchased by Teknor back in June. Does anyone on here know anything? I just know the little bit I still had, along with those silly warrants, have now been removed and zeroed from my Etrade account.
@WantedToRetireEarly @EveryGoodNameWasTaken
Look at $DNMR
Too slow to get their product to market, and when the cash was gone it was gone. Management kept talking about big things, anyday. But, their CMO was selling shares and they were running at fractional capacities, all the while telling (misleading?) investors that they had totally sold out their capacity and had orders backed up waiting to be filled. Well, they are going to be waiting for a while now. Plant and assets are going to get sold or auctioned off.
If the $ORGN management team thinks the stock is undervalued, they should be buying it, personally. If they aren't, its BS.
$DNMR Tough quarter for DNMR. Sustainability play looks promising but cash burn is concerning. Watching closely for cost-cutting moves and potential strategic pivot. Management transition could bring fresh perspective. Might nibble on small position if price stabilizes. detailed article: https://beyondspx.com/article/danimer-scientific-dnmr-navigating-the-complexities-of-sustainable-bioplastics
@pickemchuck @ArgusDune1971 The alternatives really are binary at this point. Look what happened to $dnmr. Got arrogant, overbuilt, then could not give their product away. There are lessons to be learned here.
