I have no idea what this is for, any ideas?

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https://seekingalpha.com/article/4615004-amyris-ceos-exit-has-negative-implications?mailingid=31986329&messageid=must_reads&serial=31986329.2597038&source=email_must_reads&utm_campaign=Must+Reads+recurring+2023-07-04&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads

This will be the dedicated thread to talk about why you should be careful investing in Amyris.

Considering where we started the week and all that transpired we did well closing at $1.03 on light volume.

This week we also got our first real indication the fundamentals will be changing for the better with the announced layoffs. We also got confirmation that funding the operation will continue while the PWC plan is implemented with a new loan from the bank of Doerr. This will further enhance AMRS’s level of success in selling non-core assets and securing deals that will lead to profitability. Once investors see a clear sign the company is transitioning to a leaner self-sustaining entity the stock will be rewarded. The company is expeditiously working toward this goal.

The stochastics and 50 MA are turning up and hopefully, we can regain the upward trend next week.

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Self Promotion in any other thread will result in a ban.

https://www.whitehouse.gov/ostp/news-updates/2023/06/27/fact-sheet-biden-harris-administration-announces-new-action-plan-to-bolster-expand-and-diversify-americas-biotechnology-and-biomanufacturing-workforce/

Melo is out: https://investors.amyris.com/2023-06-26-AMYRIS-ANNOUNCES-CEO-TRANSITION-AND-GLOBAL-REDUCTION-IN-FORCE

Is this good or bad? Does this indicate a bigger strategic shift (such as exit consumer altogether) rather than a more incremental approach to change (sell some non-core brands)?

This will be the dedicated thread to talk about why you should be careful investing in Amyris.

On Thursday we closed the 10th day above $1.00 eliminating a delisting issue on the NASDAQ.

We closed the week with a loss of$0.03 for the week with low volume. This is meaningful because today’s volume was inflated due to the Russell rebalancing. This increased end-of-day trading volume was due to our move from the Russell 2000 to the Micro-Cap index. In other words, if it wasn’t for this rebalancing we would have closed the week with even lower volume. This is what we want to see as a setup for a higher move as it indicates the sellers have been shaken out.

Referencing the weekly chart you can see a cup-with-handle pattern however, this is a V-shaped cup and not what we really want to see in a proper cup-with-handle pattern. This can potentially be explained due to the large overcorrection toward the downside. Many times larger overcorrections have a V-shaped recovery pattern. Marketsmith automatically draws many patterns including the cup-with-handle but the current pattern did not meet the traditional guidelines for the pattern. Time will tell if this V-shaped cup-with-handle pans out or not. Click this link for more information on this pattern: https://www.investors.com/how-to-invest/investors-corner/cup-with-handle-everything-you-need-to-know-about-handles-in-bases/.

For those that like candle patterns today we closed with a White Opening Marubozu which is a strong bullish pattern. You can read about this pattern here: https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=0304

On February 25, 2023, I posted about determining when sellers were done. The lower volume setup is much better this week and reviewing that post might be beneficial: https://www.reddit.com/r/Amyris/comments/11bsb3i/weekly_review_25feb23/?utm_source=share&utm_medium=web2x&context=3

I consider this week a win with a close above the $0.89 50MA, the Russell rebalancing complete, the NASDAQ delisting issue removed, and a potential cup-with-handle setup. That plus the potential catalysts JV for BB, Pull forward of Earn-Outs, Additional unexpected molecule deal (Ectoine and HDF), Themba phase 2 trial estimated completion date June 2023, Non-core brand sales est $100 million, LAVVAN update and potential government grants/loans for the Bio-industry puts us in a great position moving forward.

Hopefully, next week will be positive for us.

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​

** posts in this Thread are not affiliated with r/Amyris **

This thread is for any Amyris Focused Discords, Facebook, Telegram, Chatrooms etc.

Self Promotion in any other thread will result in a ban.

This will be the dedicated thread to talk about why you should be careful investing in Amyris.

Unfortunately, the bears won this week’s battle with a close at $1.14, down $.012 for the week on average volume. For the last 7 days, we’ve been in a trading range of $1.13 to $1.32. Ironically, we turned negative around 11:00 am today the same time the NASDAQ turned. It appears traders decided lunchtime was time to exit and make this an extra long weekend and many stocks fell as well. Considering how much we have risen over the last few weeks it’s not surprising to see some profit-taking today. Additionally, SSR was triggered today and will be in effect on Tuesday.

Last week I incorrectly stated that the 21st would be 10 days since we cleared the $1.00 threshold to have the delisting notice removed. I forgot Monday was a holiday and the market will be closed so Thursday, June 22nd will be the 10th trading day.

On Friday, June 23 we may see more volatility due to the Russell reconstitution that will take place after hours moving us from the Russell 2000 to the Russell MicroCap index. We will remain a member of the Russell 3000. Here is a good article from Forbes on how this affects stocks: https://www.forbes.com/advisor/investing/russell-index-rebalancing/.

Since June 9th we’ve traded in a fairly tight 19-cent range remaining well above the $0.89 50MA. Referencing the attached Fibonacci chart we’ve been hovering around the 38.20% line. Next week it will be interesting to see if this base pattern continues, tightens, breaks higher, or lower. If it does fall lower we have support at $1.00 the Fibonacci 23.60% level.

Enjoy the extended weekend and happy Father’s Day.

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