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Anyone who incessantly insists that GERS file and resume lethal dilution of shares is very suspect, IMHO.
It's not in the best interest of their investment or most others, only holders of the toxic debt.
An RS would be BIG indeed and near to catastrophic IMHO. Better to sell assets even at deep discounts. The market would respect that much more the a RS.
GERS
WEEEEEEEEE...we're rich again.
Thanks, much, Dutch1, for sharing that U of Illinois report on the record profits experienced by the ethanol industry in9 and around 2014, 43 cents per gallon profit is astonishing ! Today it's negative to a few cents. I'd be curious to learn how much new capacity went on line in the months thereafter. It's also worthy of note that corn oil byproduct was not fully developed , or widely used, at that time. Enter Greenshift and ICM and others to provide an important income stream to the industry( and a huge dispute over patents).
We talk about book value of ethanol assets. Others are reducing production and idling plants. It will be a good long time before the PEIX assets have an interested buyer IMHO.
Perhaps the only bright spot on the horizon is GEVO's isobutanol(sp?) product that the airline industry seems to genuinely like as a pollution-abating fuel additive. I believe almost any traditional ethanol plant can be converted to make this product if they want to be license/royalty-bound to GEVO.
Thanks again.
Hi Harry,
Trust me , there will be no buyout until the Greenshift appeal ruling is final. Could it go to the Supreme Court ?
Not sure if we had a late-in-session manipulative trade of 4000 shares but its sure looks like one. Some of you are closer to the trading scene( and SEC) than I am. Can you find out anything about who keeps making these p*ss ant trades trying to suppress GERS SP ?
Dear Dutch, Thinking back to 2014, what do you think/remember that took PEIX from a little over $5.00 on New Year's Day to almost $24.00 by Labor Day ? It does stand as proof that one should not try to predict the ethanol industry, and especially PEIX. I still believe the Greenshift litigation changes heavy over this company, but not sure it deserves the current market beat down. Thoughts ?
Ag Sector Strung Up and Out
Monsoon rains and floods/trade war activity/higher interest rates/land prices rising...other than that, agriculture and agribusiness in America is doing just fine. Reminds me of the 70's after the infamous Carter grain embargo of the Soviets followed by grain gluts followed by a wilting drought.
it's often the best of times, followed by the worst of times. Corn growers---thank God for ethanol. Also, thank God for soybeans if that's what it comes to this spring.
Good luck to all.
I've raised this same point before. I think the dynamics could shoot this price to the moon, but what do I know? I'm with e*Trade ands it's so very nice to be with a broker who thinks of its clients as adults. The bureaucracy at some of these larger houses is worse than big government, especially when you know they ought to know, and act, better.
Peace.
I remember it Well
September 2, 2014 PEIX closing price---$23.52.
GLTA.
Significantly Higher Corn Prices
Could ravage the ethanol industry. They've been hurting with low corn prices. Consider the effect of a much reduced corn crop.
twaflyer, spell checker keeps slaughtering your alias. Sorry
two flyer was a typo, twofer, not an act of disrespect.
"two flyer" was a typo, twaflyer, not an act of disrespect.
twaflyer,
I half agree with you. Please tell me why so much of the introduction not this very board is about hemp and hemp products( Henry Ford wielding a sledge hammer, no less). Somebody took the time to spin this tale and it wasn't Slash( I don't think). Was it you, Slash? Shame on you if it applies.
Otherwise, two flyer, you owe Slash an apology IMHO.
Liquidity, Anyone ?
My $39.95 purchase at opening today brought GERS up over 55% today. Do you think that the absence of liquidity will take this stock up >1000%...>10000% ? I've truly never experienced this kind of math in a stock prospect before. I remember the math coming down after all the reverse splits over the years.. lots of decimals involved then, that's for sure.
Now I'm beginning to see how imposed trading embargos have the potential to take this stock to the moon(Alice).
To the moon. If the case goes anywhere near our desired direction.
Peace.
Are you as sanguine about the lack of trading rights and liquidity available for GERS currently ?
I can buy and sell GERS at will. How many serious owners can claim that today? Maybe this Board is okay with that. I certainly wasn't and changed brokers, partly, because of it.
I'm literally in the role of market maker today. Don't care to be. If I had not been out of pocket today, the price would not have plunged. What's up with that. I really think you clients of cretan brokers should get a bit more pushy about what they are cramming down regarding your legitimate ownership and trading rights.Some brokers are as inflexible as the worst government bureaucracies. Worse, since they ought to know better. "And so it goes".
Am I missing something ? GLTA.
Dear People,
It's not the PERCENTAGE gain you've realized, IMHO, it's the true NUMBER of DOLLARS earned on your trade that makes the difference. Wish it was otherwise, but it's not.
Dutch, if you stand back and look at the constant banter over months and months, I'm convinced that its source is some entity that hopes KK will reverse his policy on SEC filings, therefore allowing the resumption of toxic dilution. Now I understand why a certain poster who has adopted the name of a luxury watch continues to harp and rant about filings. It seems so obvious.
Any reaction ?
Once in a while, I find myself "normalizing: the price of GERS when some dork sells down to "bid" price.
I can do thisfor a while, but the rest of gers longs have to join in unless you're really looking for bargain prices. I can understand that, too. Just let me know. E*Trade has surely treated me like an adult trader. Fidelity and the others treat you like serfs.
You decide.
I'd like to respectfully suggest that all loyal longs open a trading account with a broker house who permits trades in GERS. Those who don't are totally locked up in the Wall Street Club that thinks it owns it's client-investor money. They really do think that way and you know it.
Otherwise there is going to be some horrendous volatility with GERS and you will not like the results. You just can't wait there ( without a GERS trading account) much longer IMHO.
We'll see you on the other side. GLTA.
Is there something about a lawsuit or something going on ? I was talking to Elon the other day about proper respect for SEC rules and protocol and he used PEIX as the best example(after himself of course) of thumbing one's nose at the SEC and getting away with it.
Slash, are you still tuned in ? Anything to add for the betterment of this Board ?
I know Mr. Winston might have more to add. Harry ?
Harry, You're pretty active on this Board. Can you help me find the ignore button ? I've looked and looked without success. Thanks.
Thanks, Madeindet. I guess you have to pick your fights. As the man said, "Just move on." I only brought it up to amplify an earlier poster's experience or awareness of the "no asset transfer to competitors" policies. Forcing liquidation/buyback is a very, very mean approach, regardless of which party terminates the relationship. Oh, Oh...here I go again.
These big investment houses are laughable. More bureaucratic than any government office I've ever dealt with. Once you're of a certain size, public or private, the DNA is almost identical. Pity.
GLTA.
I don't think it's illegal though it ought to be especially when the broker is the one to terminate an account. I've lived through that nightmare of having to execute dozens of sell-transfer-buy transactions. The real bummer is the market risk you must endure during the 7 to 10 days the transactions take to complete.Of course you have the right to make one big sale and one big buy on the other end, thereby elating all the multiple fees connected with the nibble approach, but the market could take off on you
while you're stuck in the middle of the transaction.
It ought to be illegal. I know it's mean spirited and a total insult to the client and his or her financial interests.
And so it goes. At least now I can trade GERS at will(buy or sell) at E'Trade. GLTA.
Plug is starting to get my attention, again, after several years of disappointment. I'm impressed with the direction and the story. GLTA.
Another latin term starts with non compos. The ancient Romans were sharp.
"play" not "pay"
Dear Harry,
I have been an owner of PEIX and GERS and other alternative fuel cos for many years. The sector has been bad and good for me. It's an easy thing to own both sides of this controversy, but I don't think you have to pay one against the other on the PEIX board or the GERS board. These two companies are joined at the hip whether they like it or not ,and I think it's bizarre of you to try to segregate their interests as you so casually threaten to do.Take care .
Harry, You are a very unusual person who does and says and writes very unusual things...
Harry Winston Sunday, 03/10/19 03:07:27 PM
Re: None 0
Post # of 29647
I'm not complaining. I'm really not.
Pacific Ethanol is one of the companies that is involved in some litigation with about two dozen other companies against the Greenshift Corporation, so theoretically, every time there's good news in the courtroom for Greenshift, that should mean bad news for Pacific Ethanol, and the price of PEIX stock should go down.
This relationship should work just as well in reverse, too. If there's good news in court for the group of companies that are being sued by Greenshift, then the PEIX price should go up and the GERS price should come down.
Here's the interesting part. On Thursday the 7th, this Statement of Compliance was filed with the Appeals Court on Wednesday March 6th. It was reported on the unofficial Greenshift news site on Thursday March 7th.
The owner of the website emphasized that the specific language of the filing said that settlement negotiations have been conducted (not that they are being conducted. This is explicitly what they said.
Quote:
Plaintiffs-Appellants GS Cleantech Corporation and GreenShift Corporation, Defendants-Appellees, and Defendant-Cross-Appellant, identified below, hereby certify that they have conducted settlement discussions in accordance with Federal Circuit Rule 33(a)(2).
The owner of that website either believes or wants to believe that the settlement mentioned here is some talks that were concluded half a year ago without an agreement of any kind.
I said on the Greenshift board that I didn't necessarily agree with his analysis. In fact, I said that the language of this filing left open the possibility that settlement negotiations were in progress now! If that is what is happening, then the probability of a financial loss for Pacific Ethanol has gone down, and that is a good reason why the price of PEIX stock jumped 17% on Friday even though the price of GERS stock was down only 1% the same day after doubling during the previous week and a half.
There's some justification for my belief, too. The Appeals Court required some settlement talks to take place prior to the case being heard by those judges, so Pacific Ethanol and the other defendants in the case did negotiate with Greenshift, but after many months of negotiations, they couldn't agree to much of anything. This was reported to the Appeals Court, which is why the case is now being heard by the Appeals Court judges.
This stock is listed on the NASDAQ, but its' market cap is only around $65 million, even after Friday's 17% jump, Friday's trading volume was more than double the average volume that Yahoo reports, and it isn't on a major energy index.
In my very humble opinion, the market for PEIX reacted positively to the possibility of a settlement.
Hey Dutch, Sure you weren't looking up "buggery" ? Just wondering. GLTA
Nobody, I'm soooo glad you've had staying power through all this. I listen to you carefully. Thanks !
I hope this bet pays big for you.You've certainly earned it. GLTA.
Nobody12378,
Of course this stock should be freely qualified and available for ordinary, daily trading. I agree.
In the meantime, I and anyone else who chooses can trade GERS freely at E*Trade. No plug. Simple truth. When GERS was down 71% the other day( on no news), I thought that was an abomination and obviously reflected a total lack of liquidity.
Peace.
Thanks, this reads like very good law. I appreciate all your observations all these years.
Explains a lot, doesn't it, Slash ? Peace.
Slashnuts, I've owned BOTH GERS and PEIX for several years now. Lost the value of a large house on GERS and gained the value of a larger house on PEIX, all some years ago.
I've read both you and Nobody all those years, one the eternal optimists and Nobody, not so much at least back in the day, but we're all still here. My active(very active) trading days are slowing down a bit, but it's stories like GERS, and PEIX and ANDE( $8 to $120 in a short time) that are hold to put down.
You, Slash, must be VERY close to the GERS litigation. We(I) really appreciate your extremely detailed, relevant posts, again over these several years. Peace.
Were you commenting on how the State of Illinois is failing or on how PEIX operations in Illinois are
under pressure ? Or both ?
Just a Thought,
But do we realize how many board posts are likely to be the product of posters who are serving time and have access to computers. The laws allow (no promote) this. I've tended to notice how much time certain posters seem to have to monopolize BBoard space and time. This proves, at a minimum, that I am retired and have , myself, enough time to observe these patterns. Maybe being retired is like being in prison. I have not felt that in the least, but do resent "players" wasting my time on the Boards I rely on for efficient , useful information. Best wishes, Harry .
Did I Just Read that the DEO's annual comp was equal to, or more than, the market cap of ATIS ? Pretty sweet gig.
So much for my harebrained theory. That's why I wanted to express it one-on-one. Peace.