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re: Diving Deeper on Origin Materials?
Posted on 2/13/24 at 8:06 am to Guntoter1
Posted on 2/13/24 at 8:06 am to Guntoter1
That wasn't really insider buying in December, just vesting of options.
I do not think the company has the management team with the competence needed to survive. I've never seen a company so willingly let its stock price decline for months on end with no support. It's almost as if management wants this stock to go to zero. 90+ days with no press release since the last one where they laid off 30% of their workforce. Earnings report in February should tell a lot, if it's more silence or delays then that's it, in my opinion. Origin's technology, if it can work at scale and be somewhat cost competitive at least, needs to be sold to a company with a competent management team and a balance sheet strong enough that can deploy the tech.
If the technology can't work, then the company should be liquidated and remaining cash (which is like 2x the current market cap) returned to shareholders, but Origin's management is too stubborn to give up on their science fair experiment and will never let that happen.
I do not think the company has the management team with the competence needed to survive. I've never seen a company so willingly let its stock price decline for months on end with no support. It's almost as if management wants this stock to go to zero. 90+ days with no press release since the last one where they laid off 30% of their workforce. Earnings report in February should tell a lot, if it's more silence or delays then that's it, in my opinion. Origin's technology, if it can work at scale and be somewhat cost competitive at least, needs to be sold to a company with a competent management team and a balance sheet strong enough that can deploy the tech.
If the technology can't work, then the company should be liquidated and remaining cash (which is like 2x the current market cap) returned to shareholders, but Origin's management is too stubborn to give up on their science fair experiment and will never let that happen.
Posted on 4/6/24 at 4:12 pm to GeneralLee
Origin Materials Converts Wood Residue Feedstock into Sustainable Intermediates at Commercial-Scale Plant
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