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OTC does not have trading halted on GOOD NEWS!!
ONLY on VERY BAD NEWS!!!
So I hope this NEVER gets halted on the OTC on news!!!
GLTA
ID
Here is 2 min chart why I bought at $14.65 and sold at $15.23!!
I followed the PAR SAR and RSI and 200MA
http://stockcharts.com/h-sc/ui?s=PEIX&p=2&b=5&g=0&id=p88177041228
I traded 2000 shares!
Nice $1160.00
I DO NOT TRADE MY CORE!!!!
ID
Bottom should be here shortly as the 10 min chart is about at bottom say $15.00 or so for the reversal!!!
GLTA
ID
Sorry to here I bought more again at $14.65!!
Looking for at least $16.00 next week!
I sold some in the $12.00 range regret that!! Back then!!
So now I KNOW I have an opportunity to rebuy here!!
So I took it!!
This goes up in very near future!!
I am actually cashing some other stocks in!!
I do not want to miss this 50% gain in one month!!
GLTU
ID
I hope they keep pushing this down for a day or 2!!
I what to buy more cheaper!!
I will load the boat!! If she even gets close to $13.00!!
As that would be about 50% return on money in about 1 month!!
This hits $20.00 a share pre Q1!!!!
GLTA
ID
The volume over past few days has been over 17 million so 1.75 million may be a lot but not really!!
GLTA
ID
The Bollinger bands on 1 min chart are getting real tight a move up or down is getting close to happening!!
GLTA
ID
If that folds, unlikely not, next support is at $13.75 and then at $13.00!!
If she gets that low LOAD THE BOAT!!!!
Like I preached in NOV!!!
BOOM!!
GLTA
ID
Well I got some $14.90's anything lower than the guys getting them at $15.06 is good in my books!!
So now lets see that $16.00!!
GLTA
ID
looks like bottom will be 200MA on hourly chart!
http://stockcharts.com/h-sc/ui?s=PEIX&p=60&b=5&g=0&id=p54754474776
GLTA
ID
Bottom is in, missed the lows by about $0.20 not bad!!
1-2-3 min charts have stared to trend back up slowly!
GLTA
ID
From 10-K on warrants!!
Which means that they want more than $16.00 a share!!
ID
Yes but cheap sugar will be around for awhile!! PEIX is diversified in this at least!
Corn always goes up in Spring to get farmers to plant the stuff!!
ID
The 30-60-120 min charts all point to around the $15.50-70 range hit today!!
The question is will shorters push this down further!
ID
Well I am going to buy more around $16.00 a share!!
And more if she goes lower!!
They have to use this money on something good!!
So I have no problem buying here!!
GLTA
ID
That could be just seems odd with all the money coming in and a new $7 million loan plus $26 million offering
$65 million warrants to exercise
and profits of say $25 million or more in Q2!!
GLTA
ID
Well for what ever reason the market likes this AM!!
??Another serge up??
GLTA
ID
Damm now!! I was going to trade my shares this quarter!! That may mean I have to hold them now for awhile longer!!
And now may need even to add more!!!
GLTA
ID
That would be a for sure thing for all warrants to get exercised!!
So $65 million will be in the coffers!!! If a buyout would happen!!
GLTA
ID
So do the loans get paid early regardless of the penalties??
Prior to a buyout??
ID
Who owns the 2 plants from BIOF??? They are idle I think??
ID
Well now you have $26 million and warrants of about $65 million left to exercise and profits of about say $25 million in Q2
That is about $116 million in coffers to use for Q2!
So what the heck for??? Buyout of another plant to make 5???
GLTA
ID
WOW so what are they REALLY doing with all this money??
GLTA
ID
This is where I disagree!!
This still does not make any sense when all they had to do then is still take the loan for 4th plant $7 million!
But sell warrants say 1 million and no more dilution would be needed in the offering for another $7 million??!!
TIA
ID
No the lenders probably had a clause somewhere that gave them first right to any offering!! They Changed the rule to allow them to MAKE more money!!
Otherwise it would have just been paid out!!
They could not get any funds with out the revision!! And PEIX was handy capped in using their own cash on hand!! or from Warrant conversion!! Another 1 million shares from these and that would have been a non issue!! And NO FURTHER DILUTION!!as these are already counted on in the O/S(diluted)
I wonder WHY only 3 lenders get the chance to buy the shares?? And they were the ones from the original $22 million loan!!
I bet they keep them for awhile before selling since profits and PPS will be going up!!
Lenders always are for themselves first!!
ID
The shares are to someone for the money!! In essence a loan to yourself!!
Until you buy the shares back!!
Otherwise why not sell shares from the company on the open market??
The lenders made the rules On the "loan" to the company!!
On how much the company can dilute!!
Otherwise I am sure PEIX would have rather just used cash on hand if the lenders were not so restrictive in their loans!!
ID
Have you seen their 10-K???
HORABLE!! Likely no dividend in future!!
ID
Lenders give you a cake but they want to eat it all first!!
Remember that $100 million was made in 2012 and the lenders changed the rules in 2013 when they went into bankruptcy protection!!
AWFUL terms!! But PEIX survived!! And lenders want money back first before anything else is done! And on their terms!!
The ONLY nice thing is that debt comes first and gets this company on SOLID footing in the future when this is paid off!!
ID
No conditions from the credit facility allow only so much more loans!!
Reason why they can ONLY borrow $7 million! And not another say $15 million!!
Unfortunately not!! Debt must be paid first!!
The loaners put conditions to how the money is used!!
Here is another reason! Why credit was dropped to $20 million!!
Saves MONEY!!
Nice to here that! Making money is always nice!
GLTA
ID
This is what I see as well! Still going to be a $23.50 stock when Q1 comes about!!
The number of shares if they get them will be not to much of a dilution at say $17.50 a share for $7 million is about 400,000 shares!!
So even though it is dilution from 17.95 million to 18.35 million O/S I can live with!!
GLTA
ID
Because of the need of $6 million to start the other plant!!
And needed to tell shareholders the reason!!
ID