Marrone Bio Is Approaching Bankruptcy And Will Have A Brutal Equity Offering Soon

Marrone Bio is broke and approaching bankruptcy with $2M cash burn per month and over $23M in debt principal due next year.

The company has not been able to significantly decrease its high quarterly losses with its tough business of selling niche bio-based pesticides.

The company is in a desperate situation with directors leaving and a key emergency lender appears to have gotten cold feet.

We believe a big equity raise will happen any day now and will be similar to SenesTech’s recent raise which plummeted its stock by 70%.

Read the full report on Seeking Alpha here.