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Wouldn't call $2200 much delution unless someone has a car payment due! Go LBGE
whoops, lost half my shares at .68! Oh well, profit is good from .29!GLA
Thanks for the DD! Might level the pricing but not elimiate the need!
Thanks LD!
Yup and ten years in the making, if ever!
Goodday, holding but it's like I have a belly ach!
Nice find Dog, appreciate the DD!!
This may help!!!
Initiating coverage of Pacific Ethanol as Outperform - Analyst Blog
4:34p ET September 21, 2011 (Zacks.com) Ian Gilson, CFA
Initiating coverage of Pacific Ethanol as Outperform
Pacific Ethanol (PEIX) was formed in 2003 and marketed ethanol produced by third parties through a subsidiary, Kinergy Marketing LLC. The company went public in 2005. The company started construction of its first ethanol production plant in 2006 and subsequently built three more between 2006 and 2008. Adverse market conditions and inadequate working capital caused the company to idle three of the four plants and the plant subsidiaries to file for Chapter 11 of the Bankruptcy Code on May 17, 2009. The plan of reorganization was approved by the Court on June 8, 2010 and became effective on June 29, 2010. Much of the bank debt was converted to equity in the production plants and was restructured into a new company New PE Holdco LLC.
Under the plan Pacific Ethanol continued as an operator and manager of the four plants on behalf of the plant owners. Subsequently the 42% part ownership of the fifth plant, located in Windsor, Colorado was sold and a 20% minority ownership of New PE Holdco was acquired, making Pacific Ethanol the largest ownership interest in New PE Holdco. Kinergy Marketing LLC and Pacific Ag Products LLC remain wholly owned subsidiaries of Pacific Ethanol.
Under the terms of an asset management agreement with the plant owners, Pacific Ethanol manages buying the grain, plant operations and marketing of ethanol and wet distillers grains (WDG) and other co-products produced at the four plants.
In November, 2010 Kinergy and AE Keyes (AE Biofuels, AEBF) signed an exclusive marketing agreement to market the ethanol from a plant in Keyes, CA. The plant became operational in the second quarter of 2011 at a rated capacity of 55 million gallons a year.
Pacific Ethanol currently operates three plants and the fourth is on stand-by. These are:
Plant: Quarterly Capacity
million gallons
Status
Magic Valley, Burley, ID 15 Operating
Columbia, Boardman, OR 10 Operating
Stockton, Stockton, CA 15 Operating
Madera, Madera, CA 10 Idle
Captive capacity is 40 million gallons per quarter from three plants. In the first and second quarters of 2011 sales from the three operating plants aggregated 37 and 38 million gallons, essentially these plants are at capacity.
AE Keys, Keys, CA 13.75 Operating.
Currently third party sales in the first and second quarters were 47 and 63 million gallons.
The two largest customers currently are Chevron (19% of ethanol purchases) and Valero (5%)
Corn is the basic raw material and is purchased under contracts, mainly from Midwest US growers and shipped to the ethanol plants.
Excluding the net loss of the New PE Holdco that is consolidated for the income statement Pacific Ethanol is profitable to break-even for the first two quarters of 2011.
The stock has been under pressure due to the probable reduction in the ethanol subsidy, which goes to the gasoline blenders and not to the ethanol producer. In our opinion the subsidy will be reduced but not eliminated. We are rating the stock "outperform" with a price target of $3.00.
Anyone know what's up besides the markets are all down! Come on LYSCF!!
Need some good news to get a reversal moving here! Should be hearing something soon as we enter the 4th quarter!!
Thanks Wild-bill, added more today at bargin prices.
Thanks Doc! Appreciate the DD! Things should light up in the first quarter of 2012! LYSCF should show us a sharp increase in business activity!
UBRG, nice news out!
http://ih.advfn.com/p.php?pid=nmona&article=49009615
Hope all your calls come true! Let's go LYSCF, make our day!!
Nice bounce! Anyone have any news??
Took a small position this week, looking to add as LYSCF gets closer to operations at their processing facility! GLTA
Thanks for the DD Wild=bill! Go LYSCF, we need the REE's!
And if I win?? Where does the share price go? Go BFHJ!
Try the mixed blend! It's not so bad if you can get past the bones! Go CGAQ, I'm getting hungry!!!
Your not crazy! It's all about entertainment! God knows we can use it these days! Go CGAQ!
News on UBRGz! Came out while the President was making his speech on the economy! http://ih.advfn.com/p.php?pid=nmona&article=48745367&symbol=UBRG
This was posted as an FYI from a media source! There's nothing in the article that we all haven't read b/4! As I said, just an FYI! It's up to the individual investor to take what they want from it, thanks for your point of view!!!GLTA, go CGAQ!
Needs LBGE shares! Buying here is wonderful, added 60k on this drop! Nothing but up in the days to come!
Well thought out Crookedneck! I enjoy your comments on this board! I trust that Swank will get things done! Can't imagine trying to work this type of deal with our government, can anyone say at least a decade to get things done, if at all! Just my opinion!
Wallstreet news comments on CGAQ over the weekend!
http://www.wallstreetnewscast.com/news/2011/july/gambling1276.html
PB, thanks for that great post! I think the sports book could be a great asset to the parlor! Comments have been made on the size of the bar and other features which for the area are probably more then adequate! Things are progressing and take time! Long and strong since 09! Go CGAQ! PS, thanks Roberto!!!
Keep up the good work!! Things are looking good for UBRG, I smell gas!!
Thanks Levitateme, I haven't been able to listen to the audio and this was nice to see! GLTA Go CGAQ
Alex thanks for taking the time to put the videos out! Someday we should have internet casinos legal in the USA, until then go BFHJ! The share holders need some love!!!
Thanks Alex, enjoyed the video, hope you won!
Still long and strong! Just not much of a talker! Waiting in the back ground till there is something to say! Come on Caroline send us some LOVE!!!Go BFHJ!
Not our government, they make money on everything they do! Of course I'm joking!!!! Thanks for being on this board Roberto! Go CGAQ
GMA and everyone have a great holiday! Go BFHJ!
nice to see LBGE moving up! Need that news, go LBGE
If it's dilution today, she hasn't filled the rest of my order yet this morning! Looks like retail to me!
Nice post and your right! Having a positive attitude can be a huge edge in ones life! I wake up everyday thanking god for a wonderful day and just being alive! Being positive for a week would be fun to see on this board! Being negitive sure hasn't helped! Go CGAQ, I'm long and strong!
Hope your right! I'm in the crowd that will believe it when I see it!! Have my fingers crossed! Go BFHJ!!
Picked up near a mil! Got a few 13's as well! Go BFHJ!
Thanks for the 12's and the 13's! Go bfhj, need something positive!