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There are a few million shares above the float. IMho, it will not be in ALTO's interests to issue more shares near term. The pps will rise as greater demand will have the refiners scrambling for ethanol supplies. The industry's 2021 production is by and large bespoken.
Court news. 3 petitioners re blending exemption withdrew their claims. This opens up the demand side significantly.
This company thinking is outside the box. Nothing static going forward.
What a CRAP... ABSOLUTE CRAP Q1!
They swung from a loss per share to a profit per share of $0.06.
That was a mighty event.
How’d they do it?
Ohhhhh
They did it through selling shares and selling facilities.
Their revenue was a huge SWING AND A MISS.
Hence the pressure on the stock today after earnings.
Sheeeeesh...
Glad I sold.
Nothing material has happened in the last quarter.
ALTO is fully reporting. The cost of the Madera facility and operating it was above their sale price which means they lost money on the sale.
Alto keeps selling facilities and they keep selling shares via “share offerings”.
They keep doing these things instead of showing investors that they can turn a profit.
It’s no wonder that their share price is regularly under pressure.
Good luck but ALTO is a losing company...and what’s worse is that it’s ran by nepotistic dummies.
You deserve credit on GPR$ , looking for forward P/E correction on Alto. New management have a vision.
Well
I hope you sold yesterday
Bye , I’m buying today!! Lol
This stock is absolute GARBAGE!
GPRE has been my play since late 2020 and it’s up over 600%
ALTO needs constant babysitting and nonstop calls to ALTO management to find out just WTF kind of business they’re running.
This company cannot even pay off debts or their monthly bills without selling facilities at a loss.
Avoid this stock. It’s garbage.
In February they started their ALTO Twitter and haven’t even used it one time since they rang the bell at the NASDAQ in February.
I’m lucky I got in so low. Today...I’m selling. I’m selling every last share of this garbage stock.
Lololol!
ALTO just surrendered over two weeks of gains in the first 3 hours of today’s trading.
I haven’t found any news that commands a near 10% loss so far this session...so it must just be because ALTO is a terribly managed company with a poor performance track record and a record for zero investor transparency.
read the documents, they were sold to pay the taxes on their other free stock
I’ll ask again...
Why are Company Officers SELLING shares?
ALTO Form 10-K highlights Filed 03/26/21 for the Period Ending 12/31/20:
link to 10-K
*Net sales were $168.8 million, compared to $357.6 million.
*Cost of goods sold was $155.2 million, compared to $354.4 million.
*Gross profit was $13.6 million, compared to $3.2 million.
*Selling, general and administrative expenses were $6.7 million, compared to $11.8 million.
*Operating loss was $14.2 million, compared to $37.9 million.
*Net loss available to common stockholders was $20.5 million, or $0.30 per share, and included an impairment charge of $24.4 million related to thecompany’s Western assets. This compares to a loss of *$41.4 million, or $0.85 per share, for the three months ended December 31, 2019.
*Adjusted EBITDA was $16.4 million, compared to $1.9 million.
Sheesh?
Why is the ALTO CCO (Chief Compliance Officer) selling his shares?
He’s the guy who’s in charge of making sure ALTO execs and employees are following regulatory requirements and compliant with policies and procedures.
Makes me wonder if he knows there’s an issue with ALTO regulatory compliance.
Yeah...
Overall the numbers are good EXCEPT the net sales and loss per share.
Wall Street was looking for higher net sales and a profit per share of $0.30.
That’s why this stock has been nearly or over 20% all morning.
I think that ALTO should have issued an 8K warning investors of terrible net sales.
Instead they issued press releases of how successful their specialty alcohol unit was doing.
Those press releases were terribly misleading.
$ALTO Financial Results for the Three Months Ended December 31, 2020 Compared to 2019
?Net sales were $168.8 million, compared to $357.6 million.
?Cost of goods sold was $155.2 million, compared to $354.4 million.
?Gross profit was $13.6 million, compared to $3.2 million.
?Selling, general and administrative expenses were $6.7 million, compared to $11.8 million.
?Operating loss was $14.2 million, compared to $37.9 million.
?Net loss available to common stockholders was $20.5 million, or $0.30 per share, and included an impairment charge of $24.4 million related to thecompany’s Western assets. This compares to a loss of $41.4 million, or $0.85 per share, for the three months ended December 31, 2019.
?Adjusted EBITDA was $16.4 million, compared to $1.9 million.
Wow!
What a huge miss on top line and bottom line results.
This reminds me of when the coke-head son took the helm after his dad passed away in the movie “Horrible Bosses”.
Jeeeesh
I got this one wrong for sure.
What will never cease to amaze me is the utter lack of compliance.
I’d think that an 8K would have let us know in advance that sales and orders had so enormously been missing expectations.
If ALTO (and I mean IF) beats estimates then it’ll soar.
The problem is that ALTO (formerly known as PEIX) does not traditionally offer guidance and WS may not take kindly to that.
I guess we will see in about an hour or so.
Lol!
This stock can’t seem to figure out which way it’s headed?
I still believe in Jesus take the wheel
It’s clear that Reddit may be trying to crush the low short percentage so there seems to be a “back-n-forth” between hedgies and retail.
I guess you just have to pick a side here.
Correction: PEIX is ALTO.
Earnings after the bell.
Look for $0.24 per share on $234.25 million.
ALTO real time is down $0.08 per share @ $7.23 and gave up a nice gain with a session high of $7.66.
$ALTO Back towards 8 soon with next news release
Should ask member name Dutch1 they may have your answer
What commodity index or indices are useful to follow?
Hahaaaaaa
Omfg
Haaaaaaaaaaaa
Just a recycled scam.
ALTO is well underway with their plans to convert a significant portion of their production facilities from ethanol to more profitable specialty alcohol production and sales are up.
Go $ALTO - Keep selling lots of medical and food grade alcohol, wet and dry distillers grains, quality yeast, high protein feed, pet food, and renewable fuel. ALTO is not just about ethanol any more. The future is bright for ALTO as their 2021 specialty alcohol production has already been contracted at fixed prices for terms of one year or more and they expect long-term tailwinds from continued growth in demand for specialty alcohols and essential ingredients.
This is my last post to you.
Here:
https://www.google.com/amp/s/seekingalpha.com/amp/news/3646471-pacific-ethanol-pares-down-debt-creditor-repayment
Sheesh man!?!?!?
What aren’t you understanding here?
They raised $105 million dollars and they paid down under $30 million.
It reduced REVOLVING (that’s basically their AMEX or Visa or MasterCard) debt to $30 million.
They restructured the rest AND YES...this was in a press release and the SEC filing.
That’s it man. I’m not here to do your DD.
I’m happy that the stock is going higher.
I hope it makes you and me a lot of money.
My facts? You posted that
moneym8ker I see nothing from about a week ago. The name change pr was posted Jan 13 (3 weeks ago) with no mention of only paying off only $30 million and restructuring the rest. The previous pr with info regarding what you posted is dated 12/21/2020, or over 6 weeks ago.
In 12/21/2020 pr the company states
It’s in their press release.
Why in the world would you need a link to press releases you can easily see right here in iHub?
Link for those statements?
I saw that.
It’s a respectable firm.
As we are seeing today, when the markets are so broadly down and have seen so much volatility this week it could the stock could easily go much lower before a trek to $11.00.
It’s like that old phrase where people throw the baby out with the bath water.
Ok. Opportunity is out there to expand and diversity production. I have no problem at this time with management decisions. I would like to see some updates. My guess is we will see ALTO go lower with the market. That is not a judgement, btw, just general market conditions.
As far as the fee for the registration change, it is Very expensive for small investors, and if we are lucky the share price will try to compensate.
Target 11 by Guggenheim today
They raised $95 million dollars with a share offering.
The name change, cusip # change and associated fees should be nothing more than a drop in the bucket.
Should be nothing more.
The pressure on PEIX is purely due to the fact that they raised a lot of money with their share offering and said they’d use it to pay off part of their $135 million dollars in debt.
They also sold an asset valued at $10 million and said they’d use those proceeds as well to pay off their debt.
About a week ago they announced that instead of paying off that debt they opted to pay only $30 million off and restructure the rest.
They raised $105 million dollars and said they’d use that money to pay off most of their total of $135 million.
They shocked investors when they changed their mind and paid off $30 million and restructured the rest.
Piss poor management or outright misrepresentation is pressuring the stock.
I know it’s all in the fine print and they did say in their stock offering that they want to use it to pay off debt but can use the proceeds at their discretion but when their headline is that they’ll use the proceeds to pay off debt I think most investors expect them to use $105 million to pay off more than $30 million
I have a question. How far down will the symbol& cusip change and related fee push PEIX's pps? Peix will open as ALTO on 2/1
It is my opinion based on info in all the recent pr's that $ALTO will outperform PEIX and generate ongoing and increasing revenues.
the next K, Q, or whatever the next filing is called that sums up financials should speak volumes.
PEIX has followed the DOW in the past but look at the past few days here and it has been all up with no news so something is going right.
Cheap shares here now with $ALTO the train is leaving the station
PROFITS FROM REVENUE there will most likely be in the next Q. They are selling soooo much extra fine grade alcohol and have contracts throughout 2021.
Someone posted that the chart was broken and it is because PEIX is experiencing a Paradigm Shift also. I misspelled Paradigm Shift in my previous post. I.E. they have switched production from ethanol to very hi grade alcohol: Medical, Food and drink quality alcohol
$PEIX is also investing in a capacity expansion of their yeast facility to increase annual production by 15%
Next quarterly filing should tell the story of just how much they have been selling and will continue to sell with contracts in place throughout 2021.
Nothing that you said made any sense
PROFITS FROM REVENUE there will most likely be in the next Q. They are selling soooo much extra fine grade alcohol and have contracts throughout 2021.
Chart could be broken but the company has had a paragram shift also.
Next Q should tell the story
Just be careful trading this.
Without a recovery back above the 50 day moving average the chart is broken.
As of right this second and several times today it’s below it’s 50 DMA.
Falling below the 50 DMA so frequently today is proving the 50 DMA to not be a strong support line.
Well, demand for their products has increased and given the pandemic, sales will continue. There will be a run up post earnings.
The cusip change will engender a mandatory charge.
I don’t disagree that the balance sheet is improving BUT NOT WITH PROFITS FROM REVENUE.
The balance sheet has improved because they issued $95 million dollars worth of stock and sold a $10 million dollar asset.
I’m happy that they diversified products and put a focus on specialty alcohols.
It’s not “new management” because they promoted their new CEO from within the company.
The new company name makes no sense. ALTO is a variance of a musical note.
What does ALTO have to do with Ethanol or Specialty Alcohols?
I’ve done the research. ALTO has zero to do with alternative fuel or specialty alcohols.
It’s like they got drunk one day over lunch and brainstormed for a new name. One of them, without doing any research into what ALTO means said “ALTO sounds like a cool name” and the rest of them blindly agreed.
The stock is down OVER $1.00 per share in just two sessions and session #2 isn’t even over yet.
Well, they switched product emphasis and diversified so become more flexible to market demands. They do have new management, which is a very good thing. The balance sheet is improving as market conditions do. They had unused capacity and said they are upgrading to reopen capacity. I will do some more research about that.
Well, they switched product emphasis and diversified so become more flexible to market demands. They do have new management, which is a very good thing. The balance sheet is improving as market conditions do. They had unused capacity and said they are upgrading to reopen capacity. I will do some more research about that.
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