My PREDICTION FOR Q2 Net INCOME-PER-SHARE IS $2.00!!!!
......................................................................................................... Three Months Ended.......Three Months Ended........Three Months Ended
......................................................................................................... December 31,2013..........March 31, 2014...........June 30, 2014(estimate)
Net sales.................................................................................................... $ 215,290...............$254,543....................$280,000
Cost of goods sold.......................................................................................... 193,694............... 215,998......................242,000
Gross profit (loss)............................................................................................. 21,596..................38,545........................38,000
Selling, general and administrative expenses........................................................ 4,372................... 3,670..........................4,200
Income (loss) from operations............................................................................ 17,224..................34,875........................33,800
Fair value adjustments and warrant inducements.................................................. (2,520)............... (35,844).......................10,000 (5.5M down to 4.0M gives 10M positive adjustment now) And the more the warrants go down the bigger this becomes in the positive!!(As long as PPS stays at $16.00 if higher then less of an effect)
Interest expense, net......................................................................................... (3,688)................. (4,351).......................(2,000) (As per CC)
Loss on extinguishments of debt........................................................................ (1,240)....................—................................—
Other expense, net................................................................................................ (31)....................(227)...........................(200)
Income (loss) before provision for income taxes..................................................... 9,745..................(5,547)........................41,600
Provision for income taxes...................................................................................... —....................(3,270)........................(3,200)
Consolidated net income (loss)............................................................................ 9,745..................(8,817)........................38,400
Net (income) loss attributed to noncontrolling interest in variable interest entity........ (1,152)................ (2,009)........................(2,000)
Net income (loss) attributed to Pacific Ethanol.................................................... $ 8,593..............$ (10,826).......................36,400
Preferred stock dividends.................................................................................... $ (319).................$ (312)........................$ (400)
Income (loss) available to common stockholders................................................. $ 8,274.............. $ (11,138)....................$ 36,000
Net income (loss) per share, basic....................................................................... $ 0.55................. $ (0.69).....................$ 2.00
Weighted-average shares outstanding, basic and diluted....................................... 15,293...................16,181.......................18,000
At PPS of say $12.00 this becomes $3.00!!
GLTA
ID
