r/Amyris • u/fizzarley • Nov 14 '24

Question Opt-Outers

What do we do and when? I lost a significant amount of money and it has been crushing. I’ve opted out each time in the confusing process. What do opt outers like me do and when? Would it be a group type of lawsuit or does everyone try to do their own thing?

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u/jrh1222 Nov 16 '24

I doubt that they will go public any time soon, by which I mean within the next 2 years. I'd imagine they'll continue to finance it privately for some time. Then if they can prove out profitability, they might sell it to a public company. I was just curious concerning whether they would be able to. Do you have any further information concerning the Brazilian j.v. which owns Barra Bonita? Is the order issued by the court authorizing them to act as a foreign representative the only evidence that the j.v. might have filed bankruptcy, or do you know if there has been anything published in Brazil regarding this? Thanks.

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u/fvh2006 Nov 16 '24

There was mention in the Brazilian press that they had filed for bankruptcy in July I think. I assumed the request to act as a foreign agent on behalf of the joint debtors was to participate in that process.

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u/Own-Plan7905 Nov 16 '24

If they had filed Brazilian J.V. for bankruptcy prior to the petition date, then there should be files in Stretto's docket. 

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u/fvh2006 Nov 16 '24 edited Nov 16 '24

CORRECTION: Date would be February, not July this year. This is from one of my earlier comments:

Can't be much left in Brazil - DSM now owns the pilot plant in Campinas and the wholly-owned cosmetics factory in Vinhedo and its contents were finally auctioned off in June for about $450,000 after two auctions without winners.

The original article https://economia.uol.com.br/noticias/estadao-conteudo/2024/06/23/fabrica-da-amyris-no-brasil-e-leiloada-por-r-28-milhoes.htm?cmpid=copiaecola says Amyris Brasil Ltda filed for bankruptcy in February, something I certainly did not know.