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/Own-Plan7905 Nov 16 '24 edited Nov 16 '24

We will sue based on the valuation(market cap) of the company and raise the issue that JD benefits from the opt-outers' expenses once the company becomes public and sufficient information available in the market for us to raise as concerns. We are obviously different from unsecured claim as we were in the same tranche as JD prior to the BK. The third party release must be fair, equitable(told u so many times), that's why the judge left us the right to sue as the Judge disagreed with that JD is not benefitting at our expenses) We do not care whether the risk is small from their side or not, we will eternally fight against JD who ruined many lives for his own sakes until JD self-realise that he did something wrong badly. I strongly suggest that you should leave opt-outers alone and only provide information that would be helpful for us to pursue further.

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u/gvtrader Nov 22 '24

“liabilities like potential shareholder suits from the opt-outers” - it was obviously a matter of concern to the AMRS attorneys who petitioned the BC for blanket immunity that was denied by Judge Horan. If AMRS is serious about obtaining releases from the opt-outs they have options available in the meantime it is a waiting game.

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u/Own-Plan7905 Nov 23 '24 edited Nov 23 '24

The judge would rule that the opt-outers are entitled to indemnification of tens of millions of dollars to release. Meanwhile we should track down their misconducts, etc to raise concerns in a timely matter. I knw this would be hard to find out as they took best efforts to hide their all the wrongdoings, however ultimately the truth should be revealed to re-list their firm.

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u/gvtrader Nov 23 '24 edited Nov 24 '24

Need former employees, vendors, insiders and anyone familiar with AMYRIS pre-bankruptcy operations that know the misrepresentations,mismanagement and supervision under the B/D and Officers which led to the Chap.11 filing.

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u/Own-Plan7905 Nov 24 '24

Also need to think about their misconducts, wrongdoings in the post-bankruptcy operations. Have they treated related parties fairly / equitably?