Not only are the shares sitting on a year-to-date loss of nearly 56%, but the stock is currently trapped beneath a raft of technical resistance.

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There is a real risk of total loss of support for next-generation biofuels given the history of the program to date.

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Bangkok's SET stock market index is up 7.4% year-to-date, compared to a 1.7% loss for the Bank of New York's Asia ADR (American Depositary Receipts) index.

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This strong financial position has buoyed XLNX to a gain of more than 25% on a year-to-date basis, pushing the shares past the outperforming COMP's loss of about 7%.

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If the IRS follows the same rule for event-type CVRs, the issuer recognizes no gain or loss on the CVR issuance, the repurchase of the CVR, or the lapse of the CVR, but a target shareholder generally must recognize an immediate capital gain or loss taking into consideration the fair market value of the CVRs received on the date of distribution.

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What they found was that the annual ice loss by this date would be running at about 145 billion tonnes, with the north of the archipelago, on and around the likes of Ellesmere Island, experiencing the greatest retreat.

BBC: Canadian glaciers face 'big losses'