Change the DOT to a .

Interesting

http://www.nbcnewsDOTcom/id/43384144/#52400548

Thanks bet. Will try this link.

There is nothing to see. Just blank space till I get to the bottom of the page
then I see the messages. That means long scrolls to receive every message.

Betthe4 horse. I have done as you suggester but still have to scroll to the bottom to read messages.

Can anyone help?
I am having to scroll to the very bottom ob the page before I can read messages. What setting controls this feature?
J

It was a rational decision.
The stock is being aggressively manipulated and we have so far fail to find out why this is so. It is hard to make good judgement decisions under such circumstances.

I believe it is about this time that someone makes a bid to buy PEIX.
By offering 2x current price the company could be bought for 50% its intrinsic value.

I wonder if the objective is to avoid another meltdown due to FVA we effect a meltdown ourselves? This fall has been deep already especially for a stock that is supposed to be the most nimble in its group.

I share your sentiments and caution regarding herd mentality.
However given the fire power of professional market manipulators and well financed stock pimps, those on this board should consider putting their minds and talents together to present well thought out strategies to negate the concerted efforts that we see happening lately to push the market down.
A week or so ago, I tried shifting the boards attention to analysis that focus on relationships between gasoline and ethanol. I had no takers. Unlike most here I just started investing in this stock so I value the personal observations of those who have been here awhile as to short term reaction of PEIX pps.
No amount of financial theory protected me from the drop in the pps when the Q1 figures were released and showed the impact of the FVA on profit.
So while it is quite admirable to tout the virtues of rugged individualism the same individual faces a massively corrupt system that seeks to take advantage of retail investors and strip them of what little they have managed to save.
I would rather we spent some time modelling what we think the manipulators might do in the name of self preservation.

See 26746 and 26749

Cheers

FAPRI releases updated agricultural, ethanol projections



http://ethanolproducer.com/articles/11401/fapri-releases-updated-agricultural-ethanol-projections

I found 2 studies that may be of interest to you on the subject of relationship between oil corn and ethanol.

http://www.agmrc.org/renewable_energy/ethanol/corn-ethanol-and-crude-oil-prices-relationships-implications-for-the-biofuels-industry/

http://www.agmrc.org/renewable_energy/ethanol/the_relationship_of_ethanol_gasoline_and_oil_prices.cfm

2 dates 4 venues
Cheers,
Jt

Has anyone investigated the relationship between domestic oil prices and ethanol prices? What were your findings?

Pacific Ethanol to Participate in Four September Conferences


http://www.nasdaq.com/press-release/pacific-ethanol-to-participate-in-four-september-conferences-20140909-00452

The lack of tankers for ethanol shipments to the West coast would soon lead to an offer by a major refiner of raw material supplier ( CHS )

Great....thanks

Does any one know a site where I can get the daily buys and sales statistics of PEIX.
Tia.
Jt

There appears to be alot of shares available for sales these last few days. Could it be possible that management has again offered warrant holders a time sensitive carrot to entice them to cash in their outstanding warrants by mid Sept?

Note carefully what the president of REX said

The terror of the 4% PEIX plant owners
He ( Rose - CEO and Chairman of Rex American Resources Corp.) also said the company is interested in buying out existing partners and plants.
Now you know why $6 mil. was paid to the owners of the PEIX plants. So the discussions of whether management should or shouldn't have paid so much is just a waste of time.
I predict that the remaining 4% is going to cost us alot, lot more than $.50 per gal.
That payment would indicate what the industry thinks is the lowest value of the PEIX plants.

http://ethanolproducer.com/articles/11391/rex-american-considers-purchasing-building-new-ethanol-plants

Rex American considers purchasing, building new ethanol plants

By Erin Voegele | August 28, 2014
<br><small></small>

Rex American Resources Corp. has released financial results for the second quarter, with the company’s CEO and Chairman Stuart Rose reporting the period was Rex American’s best quarter in terms of earnings per share.

The company reported net sales and revenues of $150.2 million, compared to $175.4 million during the same period of 2013. The reduction is attributed to reduced ethanol and distillers grains pricing. Gross profit was $38.8 million, up from $10.9 million the prior year. Rex American attributed the increase to the continued strength of ethanol crush spread margins. Equity in income of unconsolidated ethanol affiliates increased to $7.2 million, comparted with $4.6 million during the second period of 2013. Net income from continuing operations before income taxes and non-controlling interests was $40.7 million, compared to $10.3 million the previous year. Net attributable to Rex American shareholders was $21.9 million, up from $5.8 million in the second quarter. Diluted net income per share attributable to Rex American common shareholders rose to a record $2.68 per share, compared to 71 cents per share during the same period of the previous year.

During a call to discuss the results, Rose indicated Rex American is actively looking to purchase additional ethanol plants. He also noted the company is actively exploring the construction of one or two new ethanol plants.

Regarding the purchase of existing plants, Rose said the company has had not success to-date, as economics are currently strong in the ethanol industry and companies are not looking to sell their operations. He said that in the past Rex American has always made opportunistic purchases of ethanol plants at very attractive prices, and doesn’t intend to change that purchasing strategy. He also said the company is interested in buying out existing partners and plants. While Rose added the Rex American is actively exploring the construction of new plants, he also stressed the company is not sure it will be possible to build new plants due to regulatory hurdles.

Rex American currently holds partial ownership in seven ethanol plants. The company owns 74 percent of Gibson City, Illinois-based One Earth Energy LLC, 99 percent of Marion, South Dakota-based NuGen Energy LLC, 27 percent of Annawan, Illinois-based Patriot Holdings LLC, 10 percent of West Burlington, Iowa-based Big River Resources West Burlington LLC, 10 percent of Galva, Illinois-based Big River Resources Galva LLC, 5 percent of Dyersville, Iowa-based Big River United Energy LLC, and 10 percent of Boyceville, Wisconsin-based Big River Resources Boyceville LLC.

Pacific Ethanol Increases Plant Ownership to 96%



SACRAMENTO, Calif., Sep 02, 2014 (GLOBE NEWSWIRE via COMTEX) --

Pacific Ethanol, Inc. PEIX, +2.81% the leading producer and marketer of low-carbon renewable fuels in the Western United States, announced it has purchased an additional 5% ownership interest in PE Op Co., the owner of the Pacific Ethanol plants, for a total cash purchase price of $6,000,000. The acquisition increased the company's ownership interest in the Pacific Ethanol plants to 96%.

Neil Koehler, the company's president and CEO, said: "Increasing our ownership delivers an immediate earnings benefit to our shareholders at current production margins. With this purchase, our 96% equity ownership is at a weighted-average cost of thirty cents per gallon of annual operating capacity, which is a significant discount to both current market values and replacement costs. We are now net debt free at the plants, with cash balances exceeding third-party debt."

About Pacific Ethanol, Inc.

Pacific Ethanol, Inc. (PEIX) is the leading producer and marketer of low-carbon renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain ("WDG"), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Arizona, Nevada, Utah, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. Pacific Ethanol operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. These operating facilities are located in Boardman, Oregon, Burley, Idaho, Stockton, California, and Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG. For more information please visit www.pacificethanol.com.

CONTACT: Company IR Contact: Pacific Ethanol, Inc. 916-403-2755 844-403-2755 Investorrelations@pacificethanol.com IR Agency Contact: Becky Herrick LHA 415-433-3777 Media Contact: Paul Koehler Pacific Ethanol, Inc. 916-403-2790 paulk@pacificethanol.com

Copyright (C) 2014 GlobeNewswire, Inc. All rights reserved.

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Checked your email acct lately?
Let me have your comments on my theory.
Cheers,
Jt

RE: Fair value adjustments and GAAP restatement

With regards to the above the March 31 close of$15.58 was used as adjustment for GAAP. I wonder if someone can answer the following questions ans the related to Q3 GAAP adjustment:

What happens if all available warrants are exercised before the close of the Q3 accounting period
What happens if Ray holds on to his one warrant and refuses to sell Is there a maximum number/percentage of warrants that once exercised, management can cancel any outstanding ones and consider those warrants as expired?

On a day like today what is holding the pps back?

I think most of us have missed PEIX's major transformation to a big time operator NOT as a producer of Ethanol in the West but RATHER as a major marketing and distribution operator of Ethanol and its byproducts in the US.
Sales of PEIX is going to grow rapidly through the marketing and distribution efforts of Kinergy Marketing.While the agency division of Kinergy will continue to grow at an annual rate of 6-8%, the trading division would experience tremendous growth averaging 15 -20% annual growth rates over the next 5 years. It is my belief that sales for PIEX would be in the $2.1-2.3MM range within a 5-year time frame.
This would lead to a drop in overall percentage margins but great growth in dollar margins and profitability
Currently there is a lot of farmers coops producing ethanol in the midwest. They lack both the managerial knowhow to market and distribute their end products as well as the cashflow to do so.
Transportation of finished goods have become major issues and would continue for the foreseeable future.
The lack of cash flow makes it very difficult for such small ethanol producers to manage the cash flow for both the need to purchase fertilizer during the growing season and run an efficient production plants.
PEIX would act as a facilitator by establishing ethanol PADDs across the the midwest and link these to the the markets on the east coast. It is my belief that PIEX will partner Kinder Morgan to construct pipelines and storage depots to bypass the current ethanol distribution issues. Kinder Morgan is perhaps the only pipeline company with an experience in the transportation of ethanol. http://www.kindermorgan.com/business/products_pipelines/central_florida.cfm
PEIX will become more involved in hedging and futures trading to secure and stabilize its future earnings and cashflow.

Feds relax safety rules for railway shipments

http://thehill.com/regulation/215719-feds-dial-back-train-control-regs

Sorry if you have already seen this

http://stks.co/j0yQF

To think that some investors take research from Sidoti serious ....... what is the world coming to?

Waste of opportunity. We should be hitting new high on a market day like today.

And the market is up. Go figure.
I am not letting this go to waste.
Picked up a few more.

Welcome Gropius,
I joined this group a few months ago and I can tell you that the members of this board are very helpful and dedicated. You will get a lot of good and useful information here. Can you tell us more about the involvement of PEIX in the EU marketplace?
Cheers,
Jt

10-Q will be filed tomorrow after hours.

Doesn't it get to you that a few guys can sit somewhere and at their pleasure decide your fate? I always thought I should have been born rich instead of handsome - still have a face only a mother would like ...lol
Have a great weekend.

Very unusual trading today.
Way to quiet for a +150 points day on the main board. Way too quiet for a period when there is likely warrant action taking place and too low for average daily volume. It is just a very unusual trading day for PEIX. Daily vol today would be below 1 s.d of the mean.Might as well issue a cease trading order.
What is going on?
Jt.

Hi Rule,

I just read the provisions and rules dealing with the crawl back of tax loss allowances. I am not sure I have the patience to find out what the net overall effect of the changes in the Holdco percentage ownership has been over the last few years. I suspect that the buyback of ownership shares by PEIX management may trigger Section 385 Limitations. I even doubt if the accounting dept at PEIX would have full grasp of this situation without a ruling from the IRA. Suffice it to say that for forecasting purposes and in the interest of providing conservative forecasts an allowance for tax payment may the most prudent option.
While the Limitations limit the loss applicable I don't believe their benefits are completely lost to future tax applications.

Thanks for all your efforts in keeping us informed.

If the change in owner is the reason for not being able to take a tax credit then the question becomes whether the loss of $ 7.00 mil for this qtr plus the loss of tax credit on many more qtrs to follow less than the benefit that would accrue to Holdco from an ownership change? If so what are those benefits and how much are they worth?

Secureit,
I am glad you have also noticed this market action. I believe it is due to the redemption of outstanding warrants. So I believe while the company's cash flow will be greatly improved by the sale of those redeemed warrants they would also for awhile act as a damper on the pps.
Cheers

Hi Rule,
With regards to the surprise drop in gross margin I believe you would find answers to this puzzle by finding out what the ratio of PEIX production to total amounts sold was during Q2. PEIX had prior sales commitments to it's customers it needed to make. When the incidence of reduced shipments due to bad weather occurred it was forced to ship product at higher costs than it had anticipated and without the ability to increase it's prices to those customers.

Hi Doozy,
A buy back would be very interesting strategy for a scared management.
With the level of cash flow the company is currently generating and with the redemption of warrants adding to the company's shares a buy back would be greeted with excitement by ordinary shareholders and depending on how the "top-up" provision in the warrants agreement was written it could act as a catalyst for faster warrant redemption if warrant holders are required to give back shares when there is reduction in the company's outstanding shares.