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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.
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.
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).
You're a "Trader" and you've never shorted PEIX? (See your post).
LOL!! This makes me LMAO.
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.
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.
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.
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?
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?
You're the one that can't read a 10Q.
I'm a CPA. I write 10Q's.
I still want to know HOW MANY SHARES (YOU THINK) PEIX ISSUED IN Q2 AND Q3 TO PAY DOWN $68.5 MILLION IN DEBT.
Sounds like you were just talking BS on this Board in hopes of getting back in at a good entry point.
I called BS and you can't seem to answer my questions.
You bought in at $3.35 in August because of Ethanol Futures. Yeah, right.
Meanwhile, the rest of the world is talking about the 140,000,000 Million Gallons of Medical Grade Alcohol PEIX is producing for COVID Hand Sanitizer.
Stock Dilution in Q2 and Q3 to pay down $68.5 Million in Debt. LMAO!!
You are long at $6/Share now. I guess Wrights Insider Sales no longer bother you?? LMAO (Again).
It is great to see that you believe PEIX is going to "SOAR".
My Analysis has come to that same conclusion.
Dude!!
You've been following PEIX for 14 years.
Just tell me HOW MANY SHARES that PEIX Issued in Q2 and Q3 to pay down $68.5 Million in debt.
I have a feeling that you can't. Why? Because they didn't.
I actually research the stocks I invest in.
And I actually READ the 10Q's and 10K's.
And do you wanna know something? I can't see anything in the 10Q's about PEIX Issuing Shares in Q2 and Q3 to pay down debt.
So you are going long at $6.05?
Am I reading that correctly?
If so, then what about all of your posts about Wright's Insider Selling and the dilution in Q2 and Q3 to pay down debt?
Also, I didn't give back my gains. Remember that "Core Position" that us Retail Investors trade around? Well, guess what - I took profits.
When PEIX is RED = Buy.
When PEIX is GREEN = Sell.
Okay.
No worries.
If PEIX Sold Shares during Q2 and Q3 - just send me the Press Release or the part of the 10Q that says that.
Exactly HOW MANY SHARES did PEIX Sell in Q2 to pay down $34.4 Million in Debt?
And Exactly HOW MANY SHARES did PEIX Sell in Q3 to pay down $34.1 Million in Debt?
I think it would take A LOT of Shares to pay-off $68.5 Million in Debt in 2 Quarters.
Interesting.
You are the first person I have ever heard say they bought PEIX during the COVID-19 Pandemic because of a Chinese Ethanol Play.
Did the Chinese Ethanol Play every happen?
I would love to hear more about PEIX selling Ethanol to the Chinese.
The Chinese Ethanol Market could be another GREAT CATALYST for PEIX in the future.
Actually, PEIX did make a Press Release on the Offering.
Here it is:
Press Releases
Pacific Ethanol Announces Closing of $75 Million Equity Offerings
Download as PDFOctober 28, 2020 5:36pm EDT
SACRAMENTO, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, today announced the closing of its previously announced underwritten public offering of common stock and pre-funded warrants and concurrent private offering of warrants, for total gross proceeds of approximately $75.0 million.
Here are the link:
https://ir.pacificethanol.com/press-releases/detail/552/pacific-ethanol-announces-closing-of-75-million-equity
I still don't see how PEIX used the proceeds of it's October 28th Stock Offering to pay down debt in Q2 and Q3.
Oh I see.
It is the Chinese Ethanol Market that made PEIX move 1,000%.
And here I thought the 1,000% increase in PEIX's Stock Price was due to the fact that they Produce 140,000,000 Gallons of Medical Grade Alcohol which is the main ingredient in Hand Sanitizer.
And Hand Sanitizer seems to be a hot commodity due to COVID 19.
You claim to have bought PEIX at $3.35 and sold it at $11.00.
Okay. That means you bought PEIX around August 10th.
Why would you even buy a stock that diluted it's shareholders in Q2?
Okay.
Can you send me the link with the dilution that happened in Q2 and Q3? I would really like to see the link.
I mean, PEIX's share price would have tanked in Q2 and Q3 if they really were diluting their shareholders during this period.
But instead, PEIX's Share price skyrocketed over 1,000% instead.
Let's look at the facts:
PEIX's Earnings Per Share was 27 Cents/Share at Q2 (Fully Diluted)
According to you, they issues some shares and diluted the shareholders sometime in Q3 in order to pay down debt.
Then, PEIX posted EPS of 24 Cents/Share in Q3 (Fully Diluted)
I wonder what PEIX is doing with all of that CASH from the EARNINGS they are making if they are not paying down debt with it?
Okay.
Lets try this again with the Q2 Press Release:
Press Releases
Pacific Ethanol Reports Second Quarter 2020 Results
Net income of $14.6 million and Adjusted EBITDA of $28.8 million
Adjusted EBITDA for the second half of 2020 expected to be in the range of $50 to $70 million
Total debt reduced by $34.4 million during the quarter
The share offering that raised $75M in Capital closed on October 28th.
So how did PEIX pay down $34.4 Million of Debt in Q2?
Let's start with the latest PEIX Press Release:
Press Releases
Pacific Ethanol Reports Third Quarter 2020 Results
Net income of $14.9 million and Adjusted EBITDA of $34.1 million
Adjusted EBITDA for the second half of 2020 expected to be in the range of $50 to $70 million
Total debt reduced by $29.3 million during the quarter
Uh...do you see the part about Total Debt Reduced by $29.3 Million last quarter? This is where I am getting it.
And also, how many Penny Stocks are generating $14.9 Million of Net Income and $34.1 Million of EBITDA?
If you know of any other "Penny Stocks" making over $1/Share EPS - please let me know. I would appreciate it.
Here is the link if you would like to read it:
https://ir.pacificethanol.com/press-releases
I get all that.
However, I am also very happy that PEIX is up another 10% today.
I Invest and Trade around core positions. So I don't buy all at once and I don't sell all at once (usually).
Nothing is 100% Certain, but PEIX is paying down $30 Million of Debt per Quarter and they will soon be debt free.
Combine no debt with about $1.00-$1.60 EPS per Year and I really think PEIX is undervalued in the $5 Range (OMG! I mean $6/Range today).
No Investor likes dilution. All dilution is bad. However, to varying degrees.
If a company is raising Capital to improve it's Balance Sheet AND EPS - then that kind of dilution has a long-term view for the Company. It's still bad - but I have it factored in to my long-term analysis and I like the answer I am getting.
This post makes you sound Bullish on PEIX.
However, your other posts make you sound VERY BEARISH.
Yes, PEIX raised capital to retire that CRAZY 15% Debt, and Wright did sell some shares (like he always does).
Heck, I sell my Stock Grants also as soon as they vest also. They are part of my Compensation Package at the Company I work at. I learned a valuable lesson from Enron. Those Enron Employees had their eggs all in the Enron Basket.
Anyway, it is good to see that you are predicting a EARNINGS BEAT for Q4.
PEIX is a very volatile stock (obviously). And Traders and Investors make money on every movement (up and down). As such, it is a fun stock to track. Some stocks trade at the same price day-after-day (boring).
At least PEIX is not boring. LOL!!
You sound an awful lot like a SHORT SELLER TO ME.
But, since you know so much about PEIX, here are a couple of easy questions for you. Let's see if you can answer them.
1) Since you have been following PEIX for the past 14 years, what is your projected Earnings Per Share for Q4? I mean, COVID is still raging. Will PEIX beat the 25-28 Cent/Share EPS they posted in Q2 and Q3?
2) Also, what is PEIX going to do with the $30-$35 Million in CASH they are bringing in each quarter?
If you are not shorting PEIX, then your bearish opinion means nothing.
Or are you long with your bearish opinion?
If you have no skin in the game - then why even post on here?
Also, PEIX diluted at $8.42/Share to retire their 15% Debt. If you do the math, you will realize that both the numerator and denominator increase in the EPS Calculation.
EPS is what matters.
The denominator is increasing due to the additional shares, but the numerator is increasing even more due to the fact that there will be no interest expense and more income.
GLTA. I hope you decide to actually invest or short PEIX someday.
Wright ALWAYS sells the shares he receives.
He has been doing this for years and years.
Wright receives his shares as part of his compensation package.
Having shares in the company you work for is nice - but shares do not put food on the table. Cash does.
Have you gotten your COVID Vaccine yet? If you have, that is 1 down, and 7,999,999,999 more people to go.
There are 8 Billion people on Earth. If you think that vaccinating people is going to happen overnight - try again.
Also, have you read Biden's Bio-Fuel's Policy? If you haven't - please keep shorting. You are in for a nice surprise. LMAO.
You as missing A LOT of data in your analysis:
1) PEIX is PROFITABLE. PEIX is making over $1/Share EPS. Please read the Q2 and Q3 10Q's for details.
The Average P/E Ratio on the Stock Market is 15.86. So take the $1/Share EPS and multiply it by 15.86 to get the value of PEIX.
2) PEIX issued shares in order to pay down it's 15% Interest Rate Debt. PEIX will be DEBT FREE in a few more months. (See 10Q's and Press Releases for details).
Yes, PEIX now has more shares outstanding due to the offering. BUT they also have less INTEREST EXPENSE because they no longer have debt.
When you exclude the Interest Expense and include the offering shares into an EPS Calculation - you will realize that the offering actually INCREASES EPS!!
Less Interest Expense = More PROFITS.
Keep on shorting PEIX and you will find out what all this means (the hard way).
Lets face it: ACB was one of the GREATEST SHORT PLAYS EVER.
Imagine shorting this POS from $120 down to $4.60 today?
The hype is long over for Canadian Cannabis Stocks.
Cannabis is just way to easy to grow at home.
If you are long at $4.60 - GLTA!
Once Again, ACB is bringing the rest of the Canadian Cannabis Sector down.
The world would be a better place if Aurora was never started by Cam & Terry.
Cam & Terry cashed in a long time ago and they are living the high life (while the shareholders they scammed are paying the price).
What a joke this stock and company is.
It is a real shame what happened here.
Just look at the chart. ACB has been a Shorter's Dream since $120.
ACB is down almost 25% today and it still is not a buy IMO.
Aurora is a broken stock.
If it was trading at $1.00 a share right now - I would still think there are better places to invest my money.
Years ago, I used to be very bullish on ACB - but then I discovered the sham and luckily I took my own advice and sold at $120.
There isn't much that can be done for ACB. It will eventually flatline and that will be it. The Hype is long over.
Well said.
Terry cashed in $10 Million of Stock before he left the Company also.
Can you imagine making $10 Million while the Retail Shareholders lost their money on this POS Stock?
It is sad to see.
I have that same problem at my house.
When you grow your own Cannabis - you simply can't consume as much as you grow.
In Illinois, I'm allowed to grow 5 plants with my Medical Card and the harvest of 5 plants is enough for at least 10-20 serious consumers.
Once Cannabis is fully legal everywhere - Cannabis is going to be about $4-$5 a gram. Then it will REALLY compete with Beer Sales.
There is huge potential for Cannabis in Mexico and South America - just not for Canadian Companies.
Mexicans already know how to grow Cannabis. They have been smuggling it into the USA for decades. Same thing with South America.
So when Mexico and South America do legalize - the local businessmen will be there to supply the locals with Cannabis.
Canadian Cannabis Companies have to rely on electric, indoor, lighting. However, Mexico and South America have plenty of Natural Sunshine (that is why their weed is so good).
Natural Sunshine + Cheap Labor = Low Cost Cannabis.
This is a must see movie for anyone thinking that consuming Cannabis is a good idea in a Country where Cannabis is illegal.
You can say Cannabis is Harmless. You can say Cannabis is medicine. You can say the Country's Laws are wrong.
But...while you are in their Country...you play by their rules (period).
If you are investing in ACB because of the "Huge Potential" for the Asian Market - think again.
"Return to Paradise" is the movie. It stars Vince Vaughn.
If you are looking for a happy ending - you will be disappointed.
https://en.wikipedia.org/wiki/Return_to_Paradise_(1998_film)
Okay, just take your "Medical Cannabis" and "CBD" and fly to the Philippines and tell them it is for Medical Purposes only.
If we don't hear from you ever again - we'll just assume that your conversation with the local Philippine Authorities did not go as you had planned.
Local Thailand Cannabis Companies can do all three things.
Or are you saying that Local Thailand Companies do not have the special knowledge to grow CBD or Medical Cannabis?
Oh no! Rural Thailand Farmers are growing Medical Cannabis for use in Thailand Hospitals! (See Link).
https://www.scmp.com/lifestyle/health-wellness/article/3045360/thai-medical-marijuana-craze-people-rush-grow-drug-now
Oh no!! The Thailand Citizens can legally grow 6 plants each. And if you have ever been to Thailand - the locals sell everything, everywhere. The whole Country is one big shopping bazaar.
https://www.forbes.com/sites/sarabrittanysomerset/2019/11/17/thailand-will-allow-its-citizens-to-grow-cannabis-at-home-to-sell-to-the-government/#7c5b9950591e
Oh no! Thailand issues 442 Medical Licenses! (How many does Aurora own?)
https://mjbizdaily.com/thailand-issues-442-medical-cannabis-licenses-but-full-market-access-years-away/
I've consumed cannabis in quite a few foreign countries. Spain, Australia, Netherlands, Belgium, Germany, etc...
BUT, when I travel to Asia, I double check, and then triple check, all of my luggage, golf bag, etc to make 100% sure I have no Cannabis on me anywhere.
The authorities in Asia do not mess around. I didn't even smoke in Thailand. Not worth the risk.
https://www.nbcnews.com/news/world/mom-american-drug-charges-philippines-his-life-danger-n1011686
I like this part: Nothing wrong with a good old fashion EXECUTION for drugs.
Research by media organizations and human rights groups has shown that police routinely execute unarmed drug suspects and then plant guns and drugs as evidence. Philippine authorities have denied misconduct by police.[26][27]
But hey, if you want to test your theory out - just get some smelly weed and smoke it in downtown Manila.
https://en.wikipedia.org/wiki/Philippine_Drug_War