Summary of Reddit Comments on Why Amyris Went Bankrupt

Lack of Financial Clarity and Mismanagement

• The financial mismanagement by previous CEO JM was worse than anticipated, leading to bankruptcy.
• PwC's review hinted at a bigger mess than expected, calling into question JM's role in the company's financial troubles.
• Concerns about using bankruptcy as a negotiating tactic for vendor contracts and leverage for better terms.
• Uncertainty surrounding John Doerr's decision-making and whether he will issue more debt to avoid bankruptcy.
• Doubts about Amyris' ability to continue as a viable business amidst financial challenges.

Financial Challenges and Potential Bankruptcy

• Speculation on the need for a $100-200 million equity raise by the end of the year.
• Doubts about the feasibility of Amyris' financial projections and the risk of dilution for shareholders.
• Lack of trust in CEO Melo's credibility and the potential impact on shareholder value.
• Concerns over the company's cash burn rate and reliance on dilution to fund operations.
• Speculation that Amyris may resort to dilution as a primary source of funds, impacting retail investors negatively.

Potential Business Strategy and Deals

• Discussion on possible strategic transactions, manufacturing joint ventures, and partnerships.
• Hope that upcoming partnerships and deals could improve Amyris' financial situation.
• Consideration of the impact of delays in transactions and the need for equity raises.
• Influence of major investors like John Doerr and speculation on their involvement in the company's future decisions.
• Anticipation of crucial decisions and events that could affect Amyris' financial outlook.

Investor Sentiment and Company Performance

• Scepticism towards CEO Melo's credibility and management decisions.
• Concern over the company's high SG&A expenses and lack of cost control measures.
• Disagreements on the feasibility of achieving revenue targets and reducing operational expenses.
• Optimism, scepticism, and differing perspectives among investors regarding Amyris' future prospects and stock performance.

Overall, the comments reflect a mix of uncertainty, skepticism, and hope regarding Amyris' financial situation, leadership, and potential outcomes amidst bankruptcy concerns.