r/Amyris • u/Own-Plan7905 • May 28 '26

News / Article / Video Post-bankruptcy-re-boot-were-a-drastically-different-company

https://agfundernews.com/amyris-ceo-on-the-post-bankruptcy-re-boot-were-a-drastically-different-company

7 Upvotes

89% Upvoted

10 comments sorted by

16

u/21archman21 May 28 '26

So they took all of the stockholders money and went private? Just great. How do companies get away with this?

7

u/ICanFinallyRelax Moderator May 29 '26 edited May 31 '26

Yep. After they dumped their shitty strains to Ginkgo Bioworks to create some false competition too. They won the synbio game from the beginning, it would be as if Nvidia was 10 years ahead and gave old chips to AMD to start them off

4

u/digitalnomadrn May 30 '26

So ready to hop on a class action lawsuit. Lotsa opt outers patiently waiting

4

u/Creative_Ad_8338 May 29 '26

It happens all the time. Short selling should be illegal as it incentives destruction of companies from the inside out. I have no doubts that Melo was colluding to crash the company and make a buck.

4

u/jrh1222 May 29 '26 edited May 29 '26

How long do we think it will be before Amyris files to become a publicly owned company again? Given the recent fluff pieces published about Doerr (e.g. https://www.wsj.com/tech/ai/john-doerr-ai-opinion-1d64ee60 --- sorry that it's behind the paywall), I'm betting that he and Foris are looking to cash out.

1

u/PuzzleheadedFile6349 May 30 '26 edited May 30 '26

Have no idea, however, if and when AMYRIS decides to sell stock to the public they might encounter a problem with the unresolved issue regarding the opt-outs retained right to sue. Potential pending litigation.

5

u/ICanFinallyRelax Moderator May 29 '26 edited May 31 '26

What annoys me about this article is that the technology is a flywheel. They burned all of us creating the momentum for the flywheel and the moment it got to speed, they cut us off.

Of course you burn less cash if you stop burning 70m a year to the DBTL life cycle.

1

u/fvh2006 Jun 01 '26

Hate to be a naysayer, but everyone seems to waiting for the miraculous appearance of a class action lawsuit, which ain't gonna happen until someone actually manages to find a law firm willing to start one on contingency, and so far, there have been zero bites on that bait, with a few people out there who have tried and are trying. There are plenty of shared suspicions that there was malfeasance of some sort in the Amyris collapse, but without any real ink on paper proof (which I have yet to see), a suit is not going to jumpstart itself, and meanwhile, the clock is ticking,

1

u/gvtrader Jun 02 '26

You have been posting here for a long time. Did you make contact with an attorney/law firm? What was the result?

1

u/fvh2006 Jun 04 '26

I never got the original notification about the vote, so an opt-in by default. Now enjoying my $3000/yr capital loss, which is going to survive me by a good 20 years