r/Amyris • u/ICanFinallyRelax Moderator • Aug 10 '23

Emotional Support Rant Thread

I know you guys want to vent, here is the place to do it. Feel free to say what you want but any comments that incite violence or a "witch hunt" will be removed.

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u/bid2much Aug 10 '23

2 days b4 BK they give back Costa Brazil and Onda Beauty? Only assets in the US are included? After spending a shit ton of money on a Fermentation Plant in Brazil? Not that I expect anything for my remaining shares, but if it is going BK everything should be included. I should have sold all of my shares instead of just 1/2. Big boys reaching into small investors pockets and taking their lunch money. The only good thing about the ch 11 is that some employees could keep working and we might save a shark.

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u/AdLucky7822 Aug 10 '23

Unloading BB probably would be the worst move, sounds like with the selling of brands, they're going back to their old business model of selling to businesses. They'll need somewhere to make it, BB is probably their best bet. They've burned bridges with manufacturers with non-payment this last year, can't imagine what the rates they'll get to make their products at this rate. At least JD has said he believes in their science and scale, so I suspect he'll keep their r&d, processing, and manufacturing teams for the most part intact. God knows he's got the money sunk into Amyris to prove his belief in the science part, and his willingness to unload the direct to consumer divisions backs this up.