Alright the chart is not pretty. But I can argue it's just starting to look interesting to an avid bottom watcher. $6.60 is where the stk should trade. May 17 & may 19 a doublebottom was made @ $5.40 YTD breakdown from $7----> $5.40// Financing the future of plastic Avantium began as an international consortium of strategic, financial and university partners when it was spun out of Shell and has since been through multiple rounds of funding. In 2008, when Shell sold its stake, Avantium completed a €18 million private financing round, in which ING Corporate Investments, Aescap, Capricorn Cleantech Fund and Navitas Capital participated. In 2011, it raised €30 million to advance its YXY technology from Sofinnova, De Hoge Dennen and Aster Capital. Most recently, in 2014 Avantium closed a financing round of €37 million from a strategic consortium comprised of packaging company ALPLA, The Coca-Cola Company, Danone, Hong Kong conglomerate Swire Pacific, and existing shareholders. “Attracting strategic investors showed that Avantium’s initial risk profile has been reduced and that commercial deployment is within reach,” notes Van Aken. Proceeds from the most recent funding will be used to complete the industrial validation of PEF and finalise the engineering and design of the first commercial scale plant, which will be located in Europe and is scheduled to begin operations in 2018. “Further rounds of investment will be required to build and operate the facility,” explains Van Aken. “Once we shift to a period of earning income from selling products in the market and selling licenses to our YXY technology, an IPO could well be part of our financing strategies, as it would provide access to new sources of equity that could help to accelerate our growth ambitions.” Throughout its history, Avantium has also benefited from public sector support. A credit loan from the Dutch government, which is repayable only if the project is financially successful, enabled it to build a pilot plant where a team of about 25 work 24 hours a day, seven days a week to produce the building blocks needed to make PEF. Avantium also has several new R&D programmes which are receiving significant national and European funding. “We’re always looking for funds and are eager to investigate the so-called Juncker funds that are being made available for innovative technologies, especially in renewables, in Europe,” says Van Aken. A bright outlook Avantium is the first company worldwide to make a 100% bio-based plastic which has superior properties to petroleum-based products. That superiority is critical to the company’s future because it means that Avantium is not just competing on price or its environmental credentials. “The recent drop in the oil price affects the pace of adoption of bio-based materials since it makes the petroleum-based products cheaper. But because PEF is a better product, lower oil prices won’t affect its longer term potential,” says Van Aken. No longer true! OIL IS HIGH “Avantium will continue to face challenges,” concedes Van Aken. “As the production of PEF is scaled up, it will become necessary to establish a stable local supply of raw materials of sufficient size, for example. Equally, when the commercial facility is in place, and we have shown that there are no risks created by scaling up production, we will begin licensing the product – we will not be able to meet demand. That change in business focus will necessitate new skillsets. At the same time, while we have robust patents in place, it would be naïve to think that chemical companies are not doing R&D in this area: we will face competition.” Despite these challenges, Avantium is confident that it can deliver on its technical and economical promises and take its YXY technology from an R&D dream to a commercial reality. “Our scientific breakthrough means that Avantium will retain a leadership position in bio-based polymers: we have created something with blockbuster potential.”
Full-Year Results Avantium announces 2020 results: Focused on the commercialisation of its key technologies March 24, 2021| Business function| Avantium| Amsterdam| Netherlands Avantium N.V. (Euronext Amsterdam and Brussels: AVTX), a leading technology company in renewable chemistry, reports its 2020 full-year results. Key business progress during 2020 Avantium Renewable Polymers made progress towards a Final Investment Decision (FID) concerning the construction of the planned FDCA (furandicarboxylic acid) flagship plant, but not all conditions for a positive FID were met by the end of 2020: Avantium announced this morning that to date it has signed conditional offtake agreements with specialty chemical company Toyobo (Japan), specialty polyester film producer Terphane (USA), the beverage bottling company Refresco (Netherlands), and a major global food & beverage brand owner, representing in total 30% of the FDCA flagship plant capacity; Avantium Renewable Chemistries achieved the successful start-up and commissioning of the plantMEG™ (mono-ethylene glycol) demonstration plant; The COVID-19 pandemic delayed on-site projects with customers and impacted new system orders for Avantium Catalysis; the Catalysis contract research services business did, however, grow during the period. Key financial developments during 2020 Total Revenues and Other Income increased to €18.3 million (FY 2019: €18.0 million): o Total revenues decreased by 29% to €9.9 million (FY 2019: €13.8 million), mainly due to the impact of COVID-19 on Avantium Catalysis; o Other Income increased by 99% to €8.4 million (FY 2019: €4.2 million), as a result of higher grant income; Net operating expenses were €33.2 million in 2020 (FY 2019: €35.1 million); Cash at 31 December 2020 was €26.6 million (31 December 2019: €45.4 million): The reduced 2020 cash outflow of €18.8 million was a substantial reduction compared to the previous year (2019: €37.8 million), primarily due to the one-off payment in 2019 of €17.4 million to regain full ownership of Avantium Renewable Polymers; Loss for the period amounted to €22.8 million (FY 2019: €23.5 million).
THERE SHE GOES BOYS & GIRLS GET ON BOARD........if you haven't already Van. Surface Oncology, Inc. (SURF) NasdaqGS - NasdaqGS Real Time Price. Currency in USD $9.33+0.50 (+5.62%)<----------- As of 10:07AM EDT. Market open.
janes I weighed the positives and negatives of all the ASCO presenters and I came up with SURF. I like IOVA but two departures there have me worried. 1 I could of dealt with but I discovered that other one even though it's not listed in IOVA's news flow. The IOVA product is much more advanced and better-! Phase 3 But SURF has funding- no need to raise cash and they have a lucrative partnership in place-they are always in play for M&A and they too have an impressive pipeline... It looked to me that they had up to 3 presentations at ASCO..... SURF IS A CLASSIC BOTTOM, THE KIND I LIKE WITH A LITTLE TWITCH TO IT... GO SURF!
Hmmm. IOVA has $600M in the bank and 100% institutional ownership. SURF has $157M and only 55% institutional ownership. I don't see why you can't say the same thing about IOVA. And one thing they have that SURF doesn't... our girl Cathie.
Van Surf has recurring revenue from huge GSK deal. As they make milestones more money comes in. Don't be too sure about Cathie.... I think at one time she was involved. Your Boy Cramer liked it at $11!!!!! So I think very quickly we get to $15.
Big day for the market. I am going to have to switch to more optimistic after the next sell down on Wage inflation. We have to get through that which may come this Friday<------- But that 10 year is starting to retreat yield wise and the market took tapering talk by the Fed today like a champ- and then this rolled in Great News For Stocks.. But geeze Joe you are going to stiff the tax payer so and let these corporations go.... BUT YS THAT MINIMUM Corp tax IS THE WAY TO GO FOR SURE-- THEN APPLE HAS TO PAY TAX. BUT LETS CUT US COMMON $1 mil a year folks a break!! Common! I have no money left!!!! It all went taxes and Goldbelly.... Biden reportedly offers corporate tax rate floor of 15% - Washington Post In a private meeting on Wednesday, President Biden indicatedhe's willingto rework the tax proposal in his infrastructure plan that now seeks $1T in new spending under his American Jobs Plan apparently without boosting the top corporate tax rate, theWashington Postreports, citing a person familiar with the talks. His earlier proposal sought to increase the corporate tax rate to 28% from the current 21% level, a move that would undo the tax cuts implemented by Republicans in 2017. At the Wednesday meeting, Biden suggested a new, minimum corporate tax rate of 15%, seeking to target a number of U.S. companies that are profitable but pay little to no federal taxes annually, according to the person. The revised $1T in spending is down from the $2.2T Biden originally sought for the American Jobs plan.
Hahahah. You're right Stoney. #47 Sweet hunting ground there if you get bored. Hey look..! She has the Butterfly and the Oregano Holdings. EDIT!!!: And AquaBounty* *I think she's lost her mind now.