Alto Ingredients Inc (ALTO)

[stocksmanjr]

Link for those statements?

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.

[moneym8ker]

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.

[mareen]

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.

[Paullee]

Target 11 by Guggenheim today

[moneym8ker]

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

[mareen]

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

[stocksmanjr]

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

[stocksmanjr]

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.

The majority of our 2021 specialty alcohol production has already been contracted at fixed prices for terms of one year or more. We expect long-term tailwinds from continued growth in demand for specialty alcohols and essential ingredients.

[moneym8ker]

Nothing that you said made any sense

[stocksmanjr]

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

[moneym8ker]

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.

[mareen]

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.

[moneym8ker]

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.

[mareen]

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.

[mareen]

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.

[moneym8ker]

I followed them pretty closely for a while.

I know they just sold a chunk of property for $10 million late last year.


Other than that, who knows what those knuckleheads are up to.
Late last year they did a $95 million dollar stock offering and sold a $10 million dollar bit of assets.

They said at the time they had around $135 million in debt and were going to use the proceeds of the offering and asset sale to pay down that debt.

Instead, they held onto most of the cash and opted to pay down $30 million in debt.

They also said they expect to be net term debt free by the end of 2020 meaning their available cash should exceed debt.

While that last part MAY SOUND GOOD and MAY LOOK GOOD on a balance sheet it doesn’t!


They flat out misrepresented the stock offering. In bold print they said they’d use the proceeds to buy down debt but in the fine print hidden deep in the offering prospectus they said they’ll use the proceeds as they see fit.


That’s one reason why the stock seems to be under constant pressure. Wall Street doesn’t much like when you do an offering and misrepresent what the proceeds are for.

They made $105 million dollars between the offering and asset sale and decided to hold onto most of the cash and pay down just $30 million.

On a balance sheet it only looks good but isn’t good. Wall Street wants to see net cash from revenue, NOT FROM PROCEEDS FROM A SHARE OFFERING AND AN ASSET SALE.


It’s just piss poor management coupled with a poor understanding of a balance sheet.

[mareen]

The President signed order To void procurement regs and for DOD to get into clean energy. this is good!

Has PEIX brought all idled capacity back into production?

[moneym8ker]

GREAT!

Another 200 point day on the DJIA.

230 points up on the Nasdaq

All of the major indexes are up huge and even in record territory.

We have a New Democrat President.


PEIX should be on fire today and screaming higher.

Yet here it is...same old story for PEIX because they’re so poorly managed that they manage to be down nearly 5%.

Just like so many other days PEIX opens looking good and gives away the day gains.

Why do they almost always give back gains? Because professionals know it’s a poorly ran company that’s had to rely on share offerings because they can’t manage steady sales revenue profits.

[eastunder]

Pacific Ethanol Completes Name Change to Alto Ingredients, Inc.
Pacific Ethanol, Inc.

(You will want to request a symbol change and name change for the board once that happens. Good luck!)


Wed, January 13, 2021, 6:30 AM MST·3 min read
Corporate rebrand reflects enhanced focus on specialty alcohols and essential ingredients

SACRAMENTO, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, has changed its corporate name to Alto Ingredients, Inc., effective January 12, 2021. The company’s name change will be reflected on The Nasdaq Stock Market on January 14, 2021, and the company’s stock will begin trading under a new ticker symbol, ALTO, starting February 1, 2021.

CEO Mike Kandris said, “We have chosen our new corporate name and brand to represent our many high-quality products, which our customers incorporate into a range of vital finished goods that touch people’s everyday lives, from cleaning solutions to pharmaceuticals. We are capitalizing on our unique capability to manufacture high-grade alcohols for the food, beverage, health, and ingredients markets, and to process corn into high protein feed, pet food, and renewable fuel. As we move forward under our new Alto Ingredients brand, we remain committed to our goal of delivering the highest levels of integrity, purity, and quality to create value for our customers, partners, and shareholders.”

About Alto Ingredients, Inc.

Alto Ingredients, Inc. (PEIX), formerly known as Pacific Ethanol, Inc., is a leading producer of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company’s customers include major food and beverage companies and consumer products companies. For more information please visit www.altoingredients.com.

[Slashnuts]

Ethics Committee Urges SCOTUS Review Case Against PEIX...

https://www.law360.com/articles/1341845/ip-ethics-atty-urges-justices-to-take-up-standards-case

IP Ethics Atty Urges Justices To Take Up Standards Case
By Tiffany Hu

Law360 (January 5, 2021, 8:37 PM EST) -- The chairman of an American Bar Association ethics committee for intellectual property lawyers has urged the U.S. Supreme Court to take up the question of whether an issue decided on partial summary judgment but not reopened at trial should be reviewed under an abuse of discretion standard or a de novo one.

Michael E. McCabe Jr., who chairs the American Bar Association Section of Intellectual Property Law's ethics and professional responsibility committee, filed an amicus brief Monday in support of GS CleanTech Corp.'s petition for the high court's review of the Federal Circuit's decision affirming that its patents were invalid under the on-sale bar, which prohibits an invention from being patented if it was sold a year before the patent filing.

CleanTech had argued that because an Indiana federal judge's summary judgment order resolved the issue of invalidity, which was not reopened at trial, the sole issue on appeal was whether the company acted deceptively when it made false statements to the U.S. Patent and Trademark Office. The Federal Circuit should have reviewed the summary judgment de novo, but instead held that it could review the issue under the abuse of discretion standard meant for the lower court's finding of inequitable conduct, it said.

McCabe, also a managing partner of McCabe & Ali LLP, said in his brief that an abuse of discretion standard like the Federal Circuit used is unfair to attorneys accused of inequitable conduct, as a federal court's finding of such wrongdoing will be a "centerpiece of any subsequent disciplinary prosecution," he said.

"Proper review provides reliability, uniformity, predictability and consistency for the members of the Patent Bar as well as the patent applicants and owners they represent," McCabe wrote. "Application of the proper standard of appellate review ensures fairness while promoting uniformity and consistency in decision making."

McCabe told Law360 in an email late Monday that "patent cases often involve issues resolved by summary judgment, and every court — except the Federal Circuit — uniformly applies de novo appellate review."

"The Federal Circuit's application of abuse of discretion review denies the parties the opportunity for a three person panel to deliberate independently and assess the evidence," McCabe wrote. "This did not occur here and hopefully the court will take this case as an opportunity to clarify and align the standard of appellate review for summary judgment rulings."

CleanTech had launched a series of suits between 2009 and 2014 accusing companies of infringing four patents covering the "recovery of oil from a dry mill ethanol plant's byproduct, called thin stillage." The Judicial Panel on Multidistrict Litigation centralized that litigation in Indianapolis.

The case turned in part on an offer by CleanTech to install its system at another company before filing for a patent, which CleanTech maintained was a test, rather than an offer for sale.

The district judge found that this was actually a sale, meaning that the patent application should have been rejected under the on-sale bar. The judge later held a bench trial on inequitable conduct and found that CleanTech's attorneys at Cantor Colburn LLP had failed to make disclosures to the USPTO, making the patents unenforceable.

The Federal Circuit reviewed the judge's inequitable conduct decision for abuse of discretion, while opting not to conduct a de novo review of the summary judgment decision. It affirmed in March and subsequently denied rehearing, prompting CleanTech to lodge the present appeal.

CleanTech is represented by Lawrence M. Hadley and Stephen Underwood of Glaser Weil Fink Howard Avchen & Shapiro LLP.

The various defendants are represented by attorneys from Stoel Rives LLP, Woodard Emhardt Henry Reeves & Wagner LLP, Patterson Belknap Webb & Tyler LLP, BrownWinick Law Firm, McKee Voorhees & Sease PLC, Locke Lord LLP, Michael Best & Friedrich LLP, Stinson LLP and Dicke Billig & Czaja PLLC.

The case is GS CleanTech Corp. v. Adkins Energy LLC et al., case number 20-769, before the U.S. Supreme Court.

--Additional reporting by Dani Kass and Ryan Davis. Editing by Emily Kokoll.

[MarksTerritory]

Litterly just Chicago here

[MarksTerritory]

Then why write anything at all

[moneym8ker]

So?

Why do I have to talk to a crowd?

[MarksTerritory]

But noone views this your talking to 1 person

[moneym8ker]

No board effects stock price.

[MarksTerritory]

Why dont u go to yahoo finance board 2 people here lol

[moneym8ker]

It is a good flip.

I bought it first thing this morning after the usual open high and then get sold off.

I got mine @ $5.37


Honestly though...my sentiment hasn’t changed it is always just a good trade and I hope they can build on the $5.80’s we saw about an hour ago.

[stocksmanjr]

Month and a half here with only 4 members posting, mostly back and forth between you and Chicago Paul. I don't think anyone else is benefiting from your warnings. PEIX has been good for flipping though.

[moneym8ker]

This is why PEIX ABANDONED a social network platform.

They don’t have a Facebook. They don’t have Twitter.

I mean, yes you can find them on both platforms but they’ve abandoned them and it’s because they’re a crap company who has used shareholders to finance yearly losses.

The fact that this stock is even trading in the $5.00 range just says that they’re latest press release fooled a whole lot of people.

[moneym8ker]

Hilarious!


Absolutely hilarious

[moneym8ker]

Wow!

Talk about a crappy 8K.

Sheesh!


And this is why YOU SIMPLY should not be investing in PEIX right now!

They keep effing shareholders over so they can “clean up” their balance sheet.

Their most recent offering and the sale of the Boise facilities should have been MORE than enough capital.

That is of course assuming they’re actually profitable this quarter and towards year end.


Trade it all day long but when a stock falls from $6.80 to $5.99 in a single shortened session then it’s no good.

[stocksmanjr]

PEIX Q3 sales $204.70 million beats analyst consensus estimate of $199.38 million by 2.67 percent

Go PEIX$

[stocksmanjr]

PEIX EPS up 141.38% to $0.24, beats estimate of $0.22.

Go PEIX$

[stocksmanjr]

PEIX to be debt free by end of 2020

NEWS 12/23/2020: net term debt free by the end of 2020

SACRAMENTO, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced an amendment to the terms of its credit agreements with CoBank, ACB (CoBank).

The Company, with its borrower subsidiaries, Pacific Ethanol Pekin, LLC and Illinois Corn Processing, LLC paid $24.9 million in connection with the amendments, repaying all term debt and reducing the borrowers’ revolving lines of credit to $30 million in total. At the same time, CoBank and the borrowers agreed to reduce certain reporting requirements and eliminate the requirement of the Chief Restructuring Officer position. With the pay down of the CoBank loans, and previous principal payments on the Company’s senior notes, the Company expects to be net term debt free, meaning its consolidated cash exceeds its remaining term debt, at the end of 2020.

Bryon McGregor, Pacific Ethanol’s CFO, said, “We have resolved all outstanding issues with CoBank through these amendments, further strengthening our balance sheet as we enter the new year. In addition, our operating expenses will decrease as professional fees associated with our lenders are eliminated and we expect to be net term debt free by the end of 2020. We are well positioned to continue to capitalize on opportunities in the specialty alcohols and essential ingredients markets.”

Further details on the amendments can be found in the company’s Form 8-K to be filed with the Securities and Exchange Commission by December 24, 2020.

[moneym8ker]

BWAAAAAAAAAAA HAAAAAAAAA



So let me get this straight...

PEIX issues $75 MILLION DOLLARS IN SHARES AND “PROMISES” to use the money to pay off debt.

They say they’ll be in zero debt with this offering and the sale of some assets.

$75 million dollar offering closes, they sell some assets

And then they announced yesterday that they closed $30 million?

Where did the other $55 million go?

And anyone wonders why this stock is tanking today?


I’ll tell you why it’s tanking.


It’s tanking because smart people read beyond the headlines and dug into the SEC filings.
Smart people said “2+2 never equals 3”

It’s being sold because the CEO is full of crap.


Lesson:

Do not tell investors that you’re raising $75 million to pay off debt and then announce you’ve only paid off $30 million.

Investors will ask where the $45 million is !

That’s why it’s being sold so hard

[KingOfSwing...Trading]

Are you still a fan? Considering and entry tomorrow at $6.03

[Slashnuts]

GERS Takes Lawsuit Against PEIX To Supreme Court...

https://www.supremecourt.gov/DocketPDF/20/20-769/161945/20201127111859745_20-%20Petition%20for%20Writ%20of%20Certiorari.pdf

The District Court's decision was based on the misguided, misleading and false premise that had the USPTO known of the offer to test letter, the patents wouldn't have issued.

This inconvenient truth was barred by the District Court. This begs the question: would a jury determine the USPTO had been deceived when the USPTO denies it?

Would a jury determine the July, 2003, testing a success when the test gyro clogged? Would a jury find the parameters of the patented methods were practiced when the syrup sample sat, settled and cooled before a (non substantial/few milliliters) portion of oil was separated in a non-continuous fashion?

Lastly, would a jury see GS's non-disclosure/confidential testing as an offer to sell? Or would they be convinced by other evidence? Specifically, GS's statement that Agri-Energy was their testing partner. That the results of the test were to be kept confidential until GS knew it worked for it's intended purpose in an operating ethanol plant, in real-time, without fouling the test centrifuge. That GS wanted to keep it confidential until they were ready to solicit the entire industry at once (Which happened shortly after the 2004 test). That in early 2004, Agri-Energy was still testing centrifuging thin stillage (not syrup).

This invention is worth $20 billion in corn oil for the life of the patents. Yet the judge on the federal circuit panel couldn't even pronounce the inventors name (Winsness is easy to pronounce). He couldn't take the time to learn the pronunciation of a name. Did he take the time to review the facts under proper procedures?

Good Luck To All$!$

[Chicago-Paul]

Yep. Took some PROFIT on Tuesday.

Bought the same shares back today for under $5/Share.

If tomorrow is GREEN - I'll sell them again.

[Chicago-Paul]

LMAO.

A so called "Trader" that has never heard the term: "PROFIT TAKING".

I'll buy-back some more shares when PEIX is down 8-10% again tomorrow.

I'm tired of your LIES. Dilution in Q2 and Q3. Yeah. Right.

[moneym8ker]

Lol

Seriously laughing at you while I make money and YOU SOLD

[Chicago-Paul]

I just took some profit from the shares I bought yesterday.

When PEIX is RED = BUY some Shares.

When PEIX is GREEN = SELL some Shares.

While keeping a core position (just in case this puppy goes to $30).

[moneym8ker]

Bwaaaaa waaaaa haaaaaa

My $6’s ain’t so shabby now

[Chicago-Paul]

You're a "Trader" and you've never shorted PEIX? (See your post).

LOL!! This makes me LMAO.

[Chicago-Paul]

You are 100% correct. Nothing you write on here affects the share price.

However, you are MISLEADING people that read your BS Posts.

Your post may not affect the share price - but people might read them and think they are true and they might sell or buy accordingly.

One minute PEIX is a crap company and then the next minute PEIX is gonna SOAR.

PEIX is a speculative stock for me (not an investment).

My investments have a specified rate of return and I know exactly what the return is.

Speculative Stocks are not investments.

[moneym8ker]

You act like a guy who thinks anything I write in here has an effect on the share price.

It doesn’t.

You’re this close to being ignored.

PEIX is a trash company.

If they were any good they wouldn’t be trading at $6.00 per share to begin with.

[Chicago-Paul]

Yep. You act like a BS Trader too.

When you want to BUY SHARES - YOU BASH with your BS to get a good entry point.

When you want to SELL SHARES - YOU PUMP with your BS to sell high.

Is that how the Trade Game works?

I still want to know how many shares PEIX Issued in Q2 and Q3 to pay down $68.5 Million in Debt.

Now that everyone that is reading these posts know who you are - maybe they won't listen to a word you say.

Happy "Trading" Dude.

[Chicago-Paul]

LMAO.

That's funny. I am more than a CPA.

It is good to see that you think PEIX is going to SOAR.

However, now that you are long, I am wondering why the "Insider Sales" and highly dilutive Reg-A no longer matter to you.

You should go back and read your own posts.

[moneym8ker]

Because it’s a trade dude.

I’m a trader.

If it was an investment worthy stock I’d invest.

It’s not.

It’s a trade.

[Chicago-Paul]

OMG!!

PEIX is a "crappy company now and clearly a scam" (see your post).

If PEIX is a crappy company - then WHY DID YOU GO LONG AT $6?

[Chicago-Paul]

OMG!! PEIX is on it's way to $1!!! (See your post).

If PEIX is on it's way to $1 - then WHY ARE YOU GOING LONG AT $6?