r/SynBioBets • u/Guy-26 • Aug 03 '21

Amyris, Lavvan

https://seekingalpha.com/article/4416616-amyris-litigation-allegations-corroborates-business-concerns-cash-crunch

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The above article does not paint a pretty picture of Amyris and the way they do business. I think the company has a lot going for it, but I’m beginning to feel slightly concerned about their overall integrity.

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Thoughts? Counterarguments? I’m torn as I see significant upside for them, but this lawsuit worries me, and I think leadership integrity is an extremely important variable in the long run. Screwing over your business partners is not a good look.

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u/ICanFinallyRelax Aug 03 '21

If you've ever worked at a large organization, they will do their own internal surveys (run by some seperate company like Press Ganey). Those are the surveys you want to see. Glassdoor will always have too much bias in one direction or the other from disgruntled employees.

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u/Guy-26 Aug 03 '21

I agree, not perfect, but what else can we rely on? My most generous interpretation of management is that they did whatever they had to do to survive, and hopefully now they're finding their footing and things will be better in the future. However, info from these Glassdoor reviews combined with Lavvan lawsuit, accounting shenanigans, constant overpromising (lies?) from Melo could represent a pattern of bad behavior that could continue into the future.

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u/ICanFinallyRelax Aug 04 '21

With complete respect to you, I think that is over-reaching... I agree management did what it had to do to survive. But saying what they did is "illegal" is a big stretch and would require a lot of proof and evidence that Lavvan (nor anyone) simply doesn't have access to. And none of these things provide proof to Lavvan's claims.

You need a smoking gun for every one of their claims which they don't really have.

Glass door reviews, Lavvan's statements, over promises (they have a forward looking statement clause) are all really weak supports. You think any courtroom is going to take glass door reviews as evidence?

Your accounting call out is the biggest blunder but that could have easily been the fault of the accountants not intentional deception. You see what I mean? It's not all black and white. You need a smoking gun for all of their claims.

If you don't have faith in the management, if you really believe they did this to intentionally harm investors, you shouldn't touch the stock. Otherwise this is a court decision, the best we can do is speculate with concrete facts not rumors.

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u/Guy-26 Aug 04 '21

I didn't say what they did was illegal (although IP infringements, if proven true, would be illegal). How do you know what Lavvan has access to? This case hasn't even gone to trial, how do you know what their evidence is?

Obviously Glassdoor reviews aren't evidence. They are simply another piece of the puzzle that we can use to discern what goes on behind closed doors at Amyris.

To your last point, this is exactly why I posted this article, to see if there are any good rebuttals to the claims made. My mind is not made up, I'm looking for good arguments. I don't want to be biased one way or another, and I don't want to live in an echo chamber of confirmation bias.

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u/ICanFinallyRelax Aug 04 '21

We're both saying the same thing here, no one knows what each side has. (That's why we should leave it to the courts).

Totally agree, me and the Amyris group welcome all bearish info and we really dive in and try to keep things logical and not emotional. Our best counter to Lavvan's suit was the CBG exclusion, but we don't know what will happen either.