Lets face it. No one likes Ethanol. Even thou this form of ethanol doesnt harm a single shred of corn . Cellulose Ethanol hasn't been well supported by the government and Oil hates it. However, the EPA has been taking a very very long time in reformulating the RFS and we think there may be some relief in store for companies like KIOR. If it can hang on of course.
The only other thing KIOR has going for it is its PATENTS. http://www.faqs.org/patents/assignee/kior-inc/
As you can see the company has a lot of them! Enough to change the valuation dynamics of the company.
This is an all or nothing one way bet. A long here puts all capital at risk of instant bankruptcy death. Of course, should the stock rally, the pay of could be huge.
Speculative long only.