Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OK reason why new offering!! My mistake on total debt!
Likely this!!
Ah but the EPS on Q4 would be HUGE!!!
So short term pain for long term gain!!
They are here for a business not for shareholders short term!!
ID
One last thing I am predicting at least $25 million profit in Q1 and at least $30 million in Q2 since 4th plant opening and cheap sugar!! which makes Q3 at least a profit of $30 million again!!
So this small loan of $7 million is OK with me!!
And likely TOTALLY debt free by end of Q3!!
And a Dividend in Q4!!
GLTA
ID
Now also is that on the 2 outstanding loans or just one of them??
TIA
ID
Again I would rather pay 95% penalty on a loan outright than pay down the whole loan over the duration!!
We want PEIX to be debt FREE!!
The sooner the BETTER!!
With about $55 million in long term debt left to pay!! and warrants at about 5.5 million
Also a revision!
Well then even better!! If Warrant price is higher!!!
Say at $20.00-22.00 a share!!
I am actually not that worried with that dilution!!
At most then another 350,000 shares if 1-1!!
Remember we also would get that money back at that exercise price!
Which means that before selling they would want a profit say at $30.00 a share!!
ID
As far as I am concerned any debt paid off even with penalty is better in long run!
Where do you get this number??
3 Months ago it was around the $3.00 a share or less range now we are flirting around the $4.00 range!!
That is a 33% increase!! Not bad about 11% per month!!
I'll take that any month!!!
GLTA
ID
In actual fact they really only borrowed $6 million rather than $7 million since they paid off about $1 million from other loan!
ID
It is GREAT for this new loan!! It gets rid of one loan and gives the company PEIX a better rate!! After Bankruptcy you want to get rid of as many loans as quickly as possible and the earlier the better since borrowing rates are rather high!!
It gives them a better rate for new ones!
This $7 million in loan for 4th plant will likely get paid off later as the other loans they have will likely have higher interest rates!!
Why pay the $7 million out of cash when you can make a loan out at lower interest rates and pay off the other loans with a higher interest rate??
It MAKES PERFECT sense as a business!!!
GLTA
ID
The bright side is ANOTHER $1million in debt gone!!
GLTA
ID
OK guys here is why the $950,000.00 payout!!
A bankroll has many a time saved my ass by avg down!! It may never get as high again but will get to an avg that can be made on a nice small POP!!
I have when younger been in dead stocks that took years to recover!!
Just like MSLP when R/S hit I avg down MEGA and made money!!
Many people could not and still to this day are in the red!!
And the more money one has the more you can avg down and CAUSE a small POP!! When lots of shares are bought causing a small run!!
So I beg to differ!!
For instance I bought PEIX in $6-8.00 range and then BOUGHT MEGA shares at $2.40-50 to bring my avg down to just under $3.00 a share!!
To day it is trading in the $17-18.00 and will likely hit at least $25-30.00 by end of this year!!
I have NOT SOLD ONE SHARE yet!! till this coming Nov-Dec for a long stock and pay different taxes!!!
I am SO GLAD I had the money to do that and now have so MANY shares as a result!!
GLTA
By the way I bought into MSLP yesterday and today!!!
ID
The PAIN will be tonight and tomorrow when margin calls are made!!
And are FORCED to cover!!
GLTA
ID
Remember this post to you!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93802974
Man that was a long time ago NOT!!
I wish I had bought even more back then!!
GLTA
ID
So you do not think sales for Q1 will be around $45-50 million??
If not what do you think it might be??
Please do not evade the questions!!
TIA
ID
On weekly upper Bollinger band is around $18.32 or so! That to could be high for end of week!! And move up to around $19.00 or so end of next week!!
GLTA
I am just hanging in till May now as that 200MA on weekly will get hit!! Around $23.50 or so!!
ID
Watch the upper Bollinger band on chart if you want a trade!!
http://stockcharts.com/h-sc/ui?s=PEIX&p=D&b=5&g=0&id=p87893501153&a=343944924
GLTA
ID
Man I like to be right from this past post!
GLTA
ID
The BIG QUESTION today is will PPS break and close above the 52week high of $17.56!!
If she does this then moves up over next 1-4 days!!
GLTA
ID
Also shorts will likely be covering today as well!! As PPS just going to keep going up at this stage!!
Only 45 days or less before Q1 comes out and maybe some more goodies!! Come between now and then!!
That weekly 200MA is getting closer each week!! This week $24.76
http://stockcharts.com/h-sc/ui?s=PEIX&p=W&b=5&g=0&id=p39626699000
GLTA
ID
Why running?? Easy!!
O/S 18 million $16.00 a share earlier today!!
so on 18 million shares they showed at least min $25 million profit for Q1
That is about $1.50 a share!!
This now moves up to that $23-24.00 over the next week or 2!!
GLTA
ID
Once exercised the MM's know when they are sold as a new issued tag goes on there shares!! New shares are done and go into float!!
Usually through one designated MM!!
These guys KNOW when DILUTION is coming!!
ID
There are another 5.3 million warrants to be exercised yet!!!
In 10-K!!!
ID
No you want to buy warrants into a run so that it will not tank the PPS!!
So likely no more warrants buying if the PPS stays put!! If she rises with VOLUME!! Then maybe they will buy!!
GLTA
ID
If he had stated about $1.25-1.5 billion I might have believed him!!
That was a low ball offer!!
GLTA
ID
That would be to low!! As profits this year 2014 could be over $125 million with all 4 plants going!!
GLTA
ID
That was on Dec 3 2013 for the shares to the companies in which CVSL acquired!! In Dec!!!
ID
I do not see any more warrants getting exercised until AFTER Q1 comes out!!
So they would get max profits!!
That is what I would do!!
Everyone knows that profits are now at LEAST $21 million and likely in the $28 million range with another $32 million debt off the table!!
GLTA
ID
I do not think it will be much as sugar was so low that the amount of money paid for sugar will likely makeup in profits and break even in 1 quarter and all profits in Q2-3-4!!
GLTA
ID
That is not true any uplisting does not tolerate 2 filings that are late in 24 months!!
These include 10Q's and 10K's!!
So much for any UPLISTING!!! for next 18 months!!
Have to be on time for at least 12 months!!
GLTA
ID
Sounds like future profitable gains! Maybe $0.25 per gallon in future sales back!
40 million gallons per year would take 6-12 months for total payment! For the $2 million!
GLTA
ID
Now add SAVINGS from this debt in interest!! at say 5% That is at LEAST another $1 million in savings!!! For Q1!!
GLTA
ID
No what page on please! TIA
Could they have paid it in Q1? or in future?
ID
No that 18.1 million INCLUDES the warrants!!
This is nice! $32 million debt paid off in Q1!!!!
Here is actual number!